Singapore finalising licences for foreign banks

MALAYSIA - Singapore will announce the winners of the Qualifying Full Bank (QFB) and wholesale bank licences in the next few weeks, in a further move to open the domestic financial sector to foreign players, according to a report.

"The results of the applications for qualifying full bank privileges and wholesale bank licences are being finalised and will be announced within the next few weeks," the Monetary Authority of Singapore (MAS) was quoted as saying.

As part of Singapore's liberalisation

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