AIAM Singapore | 12 March 2020
Webinar on MAS's information paper "Private Banking Sales and Advisory Practices"
On 14 February 2020, the MAS published an information paper titled “Private Banking Sales and Advisory Practices”. Although you are not a bank, you should take note of this paper. The “MAS expects financial institutions to benchmark themselves against the desired outcomes in the paper, and take steps in a risk-appropriate manner to address gaps, if any.” As a financial institution active in wealth management you are thus also expected to align your practices to the recommendations in this information paper; as an EAM most of all regarding governance, investment suitability and culture and conduct.
The Webinar will address the sections most relevant to the EAM community.