MAS chief: Finance must be a force for good

📆 01/10/40 10:48 ص
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Banks must ensure they deal fairly with their customers and act in their best interests to repair the damage caused during the global financial crisis of a decade ago, Monetary Authority of Singapore (MAS) managing director Ravi Menon said yesterday. He added that while the...

Mr Menon noted that global surveys show the financial sector suffers from a trust deficit.

"There is also a broader sense that finance has not served the economy or society well," Mr Menon said. It has also not helped that financial industries in Europe, Britain, Australia and the US have been dogged by"disappointing revelations of financial misconduct and malfeasance".PROBLEMS

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