MAS lifts bans on structured notes sales for DBS, Malayan Banking and Royal Bank of Scotland

Abstract

The Monetary Authority of Singapore has lifted the bans imposed on DBS Bank, Malayan Banking and Royal Bank of Scotland (RBS) on the sale of structured notes in Singapore. The ban was imposed by the financial regulator on Jul 7, 2009 and was lifted with effect from February 12 for Malayan Banking and RBS. The lifting of the bans for the three banks follows close on the heels of the MAS' publication of a consumer guide, Making sense of structured products.