Global Investigations Review - The law and practice of international investigations

MAS: naming individuals is more effective than large bank fines

By Euan Conley

29 June 2017

MAS: naming individuals is more effective than large bank fines
Singapore skyline Photo credit: flickr.com/Peter Gronemann

Identifying individuals responsible for financial misconduct and preventing them from working in the financial services industry is a stronger deterrent than imposing hefty penalties on the banks that employ them, the managing director of Singapore’s central bank said on 29 June.