UBP obtains wholesale bank licence in Singapore

UBP obtains wholesale bank licence in Singapore

Union Bancaire Privée (UBP) announced that its Singapore branch, UBP Singapore, has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank licence. UBP Singapore expects to commence operations as a wholesale bank from 1 April 2019. The new licence will allow UBP Singapore to offer Singapore dollar (SGD) services, including deposits and loans, within the prescribed regulatory guidelines for wholesale banks, and provide a wider set of investment s...

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