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The Future Of Corporate Governance For Financial Institutions In Singapore

July 2011 - Finance. Legal Developments by Loo & Partners.

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In a bid to strengthen the corporate governance regime for financial institutions (“FIs), the Monetary Authority of Singapore (MAS), on 9 December 2010, published changes to the Banking (Corporate Governance) Regulations 2005, the Insurance (Corporate Governance) Regulations 2005 (collectively, the “Regulations”) and MAS Guidelines on Corporate Governance for Banks, Financial Holding Companies and Direct Insurers (“Guidelines”).

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