05 Apr '11, 11am

Launch of code of conduct for private banking industry

SINGAPORE : The Monetary Authority of Singapore (MAS) has welcomed the launch of a code of conduct for the private banking industry in Singapore by the Private Banking Advisory Group on Tuesday. MAS said the PB Code was the result of an industry-led effort to enhance the competency of private banking professionals and foster high market conduct standards. The code is applicable to financial institutions and their staff engaged in private banking activities in Singapore. The code has been developed with recommendations from the PB Advisory Group, the broader private banking industry, as well as consultants PricewaterhouseCoopers and solicitors Allen & Gledhill. Under the code, private banking professionals are expected to pass a common competency assessment, called the Client Advisor Competency Standards, before they provide any financial advice. This assessment, administer...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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New CET centre for tourism industry

channelnewsasia.com 04 Apr '11, 7am

SINGAPORE: The Singapore tourism industry can look forward to a new training centre for its growing workforce. A new integ...