Singapore MAS: Most Firms Have Insignificant Madoff Exposure

Nasdaq

SINGAPORE -(Dow Jones)- Singapore's central bank said Friday most financial institutions in the city-state have reported insignificant direct or indirect exposure to Bernard Madoff's investment securities firm.

"Most financial institutions in Singapore have reported to MAS that their checks show that they have insignificant direct or indirect exposures to Bernard Madoff," the central bank said in a statement.

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