ANZ may have to incorporate, and shift capital, to its retail banking operation in Singapore.
The Monetary Authority in Singapore yesterday outlined plans to require foreign banks " that are important to the domestic market" to incorporate their retail operations.
Institutional banking operations - which in the case of ANZ is both larger and growing fast - would be able to continue to operate through a...
You have to be logged in to read this article. Sign in below, or subscribe now for free no obligation trial.