Financial Services and Wealth Management in Singapore
Tan Chwee Huat
Singapore: NUS Press, 2011
ISBN: 9789971695767

During the last decade, many changes have taken place in the Singapore financial marketplace. The Montary Authority of Singapore has implemented numerous reforms to liberalize the financial services sector. Since 2002, two new laws have come into effect. The Securities and Futures Act and the Financial Advisors Act have important impact on the financial community. Institutions must hold the Cpaital Market Services (CMS) licence and the Financial Advisors licence and their representatives must pass the CMFAS examinations. This book discusses the changes in detail. Part A provides details of the reforms and discusses the impact of the new laws and regulations. Part B highlights the wide range of financial services and products provided by the institutions. In this edition, two new chapters have been added. They focus on issues related to wealth management which has become the recent focus of many banks that provide services to high net worth individuals or HNWIs. This book should be of interest to all financial institutions and professionals. It is also a must-read for investors who have to choose from a wide range of financial products.