The Monitory Authority of Singapore has said that it cannot calculate the number of regional banks.Responding to the questions of media about comments made by Minister Mentor, Lee Kuan Yew, MAS said in its statement that it is the duty of banks to calculate the strategic and financial advantages of any union.
MAS said on Monday that even local banks are looking forward to expand abroad but for that they must ensure whether they have a spirited domestic banking sector, which offers a full suite of financial services to customers. Full Story
