Singapore setting example on private banking best practice

May 10, 2011

Finally, a set of guidelines drafted by private banks for private banks, says Catherine Tillotson of Scorpio Partnership.

At the start of last month, Singapore’s private banking community published the world’s first industry-led Private Banking Code of Conduct (PBCOC). Not only is the document significant as a framework for best practice in Singapore’s private banking industry, it is also the world’s first set of professional standards written for private banks by their own industry.

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