Private Banking
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Politics, Private Banking, Singapore - Wednesday, December 2, 2009 14:42 - 0 Comments
Euromoney: Singapore not yet stainless in private banking
Euromoney, December 2009
At the APEC meeting in November, Euromoney put a question to host nation Singapore’s Prime Minister, Lee Hsien Loong, who had spent part of his morning in talks with Barack Obama. The Obama administration, we said, was getting tough on private banking centres over client confidentiality and bank secrecy, most obviously Switzerland. Is that scrutiny coming to Singapore too, and what’s the impact on Singapore’s private banking industry – a mainstay of its financial services success story – if it does?
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