The Monetary Authority of Singapore is said to be exploring options for implementing rules that would put family offices on a firmer legal footing. But the regulator denies it is working on proposals specifically related to family offices.
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The number of single-family offices in Asia lags well behind its potential given the region’s booming wealth, but that may be about to change, argues the Swiss bank.
This was among a wide range of findings in the UBS/Campden Wealth Asia-Pacific Family Office Survey 2013, published yesterday.