Malaysian regulators are not keeping pace with the development of the private banking industry such as allowing access to offshore financial products, said Carolyn Leng, whose unit manages 8 billion Malaysian ringgit ($2.6 billion) in assets. Full story
Malaysian wealthy look to Singapore: CIMB exec
Reuters, 1 Oct 2010
Malaysian capital markets and regulatory red tape are sending high-networth individuals south of the border to seek private banking solutions, the head of CIMB Group Bhd's (CIMB.KL) private banking division said.
Malaysian regulators are not keeping pace with the development of the private banking industry such as allowing access to offshore financial products, said Carolyn Leng, whose unit manages 8 billion Malaysian ringgit ($2.6 billion) in assets. Full story
Malaysian regulators are not keeping pace with the development of the private banking industry such as allowing access to offshore financial products, said Carolyn Leng, whose unit manages 8 billion Malaysian ringgit ($2.6 billion) in assets. Full story
