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Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Logo of the Insolvency and Public Trustee's Office. The Insolvency & Public Trustee's Office (IPTO) in Singapore is a department under the Ministry of Law.IPTO oversees the administration of individual and corporate insolvencies, the administration of small intestate estates and un-nominated Central Provident Fund (CPF) monies, as well as the licensing and regulation of moneylenders and ...
The Singapore National Co-operative Federation (SNCF) is a body of co-operative movements in Singapore. It was formed in September 1980. [ 1 ] It is a member of several global co-operative bodies such as the International Co-operative Alliance , the World Council of Credit Unions , and the Association of Asian Confederation of Credit Unions .
Singapore authorities on Friday announced new measures to tackle money laundering, including inter-agency data-sharing, striking off of inactive companies and channels and programmes to get ...
One prominent role of Lombard credit is in use by the Federal Reserve System of the United States of America ("Fed"). Traditionally, the discount rate, [clarification needed] or the rate charged by the Fed to member banks in need of funds (ostensibly to maintain the required reserve ratio), was lower than the target federal funds rate, or the rate charged among banks for the same type of ...
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The economic growth of Singapore : trade and development in the twentieth century (First paperback ed.). Cambridge. ISBN 978-0-511-47071-4. OCLC 776977203. {}: CS1 maint: location missing publisher ; Lee, Sheng-Yi (1974). The Monetary and Banking Development of Malaysia and Singapore. Singapore University Press. ISBN 978-0-8214-0477-5.
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