Singapore Regulator to Inspect Credit Suisse

Singapore's financial regulator is conducting an on-site inspection of Credit Suisse Group AG More News

[{"selector":"#anim-f6f25682-556f-415d-8dc9-19e6d294660b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1a09a687-e5bc-4147-99e2-82c885e887fa","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83266a91-2fbf-40bc-b94c-4a5e14e56e62","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-552c4f2b-6f4e-4815-b5f7-9d2e3c465628","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ca38d83a-6a83-44c8-a685-25a5ec17faa9","keyframes":{"transform":["translate3d(124.30555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53bf80a2-8e1d-49ed-a6b3-98503baa64de","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54262ff5-66e1-4221-b7a6-dbeeb27684e6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The inspection comes in the wake of a money laundering scandal that has shaken the city-state More News

[{"selector":"#anim-29d774ba-dc41-4148-9854-311e3344bb9b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8129c5ed-5cc5-4c30-9464-432568d76bac","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a49fd12e-1b85-4012-b2d6-36cc2ad04df1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5eabbe9e-3f0c-40a2-a649-86539c233afc","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0645edc2-29e0-4f3a-9bc2-4ddd5d5b8b8e","keyframes":{"transform":["translate3d(124.30555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0aa08f4-6cee-428a-9371-4120274912ce","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a4d5ec0-7f27-4cfc-8d52-ec08e5677d08","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Credit Suisse's local unit in Singapore will be among the banks examined by the Monetary Authority of Singapore More News

[{"selector":"#anim-b891d7d2-ffb0-45d9-9bf6-aca1174cc48d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-46c14bd9-5f58-4e2b-8967-9db9fd9272e0","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43864c97-8fcc-40b5-b068-6e439c255590","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f79b9f31-ca31-4332-b7b0-1658abae6464","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b5813f71-df64-4088-9b93-c4ab40a488ee","keyframes":{"transform":["translate3d(124.30555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe3b98a7-7f61-407d-a444-e0481b6c0353","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aebf35c7-4acb-4917-99be-c1ec5d603b42","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The inspection aims to determine whether these banks properly monitored their wealthy clients More News

[{"selector":"#anim-59b0081d-342e-4147-b259-6961f8d971b6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-52a98d76-6b99-46ac-914f-1f451aadb05c","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c51f696-0487-4af6-8205-a11a920a1df1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3ea453e-867e-49c5-a66f-6c07e9f6f041","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-0986fc38-530a-411e-ab1d-de1cc9e26e2f","keyframes":{"transform":["translate3d(124.30555%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e64c24b2-5561-4677-9e5d-230a3d135f80","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0f3e5120-ebb0-441b-b9d4-75f188d94fa5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Personnel from the regulator will interview bank employees as part of the examination More News

[{"selector":"#anim-d312df80-4314-45b9-9d41-cefe1f9fefe4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f351f390-57a5-4639-9b22-07ef2fb04970","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-021a12bd-faf9-4d38-be59-4c732d69aa0d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f000497-d076-4e0f-a3f2-da82a78fff2b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4be07f2c-5aa3-4ae5-98b5-6db4ff526559","keyframes":{"transform":["translate3d(122.22222%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b0147f7-074f-482a-910a-9f5772617aea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ce5d4f21-21eb-4341-9aae-ac9e865b57dd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Additionally, documents will be reviewed during the inspection More News

[{"selector":"#anim-88a9224e-6351-4e38-843f-feda4830cc7f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c7b21c40-66d9-4599-bd4e-28d3ce5fe3ad","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44d31d11-f0d8-4de4-b0cc-c770ff339993","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cdb1804-427e-4406-a376-07db09462600","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-bbec990a-667c-4630-afae-86cff8f5304a","keyframes":{"transform":["translate3d(118.91891%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7eee4da-a32c-4cfe-a99e-608daa4b5eba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2aab4f1-787c-4024-bf9a-0e5a54eaa66a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The inspection process is set to take place within the coming weeks More News

[{"selector":"#anim-26e05071-86e6-423d-86d5-d4e5be2ecd1c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a57cb2ad-0824-4d28-8ab9-c9ba7c7e4c6a","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e7960c6-1058-443e-be26-2d0a518835a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-69f09a06-c680-4d01-b4d2-6ce4a00d7f9c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b9d9aed9-002a-469d-8945-8c7ccbc5dbc3","keyframes":{"transform":["translate3d(118.91891%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-360e0fb0-1795-4c54-9cc9-d3b03d03aeac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dba8f79d-a1f8-431f-9ac8-2be97c7bf611","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The information regarding this inspection is not public and comes from anonymous sources More News

[{"selector":"#anim-10c36e20-73c2-4550-ace1-058bf0035a3d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6154cdd1-9886-4ec0-968a-060c4334127a","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11bd0174-ed2c-499f-a3cc-9914e1924818","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-00005455-de45-4137-9677-d3fbeea68c2d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-7dd072aa-fa12-4b82-aa17-1ed60224ae76","keyframes":{"transform":["translate3d(118.91891%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51b89231-44fb-4f7b-ae0c-1b9d35298f8e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4e80d42-ba6e-44a6-96f0-da2272ca49a1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Credit Suisse faces scrutiny in Singapore due to the money laundering charges against one of its customers More News

[{"selector":"#anim-99359c01-bcbe-449e-9ce1-92e77910d453 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(19.895289467886776%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1eefd59c-19bc-486b-bc09-5e84f7c821c3","keyframes":{"transform":["translate3d(-111.34328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83445e3c-19b7-4d62-b49f-e7a47f2014e8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bcc3322-2751-4de0-bb10-6ce9f1acda5f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-184d8004-6736-48b1-b57c-449c2888d7e7","keyframes":{"transform":["translate3d(118.91891%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92c5329c-f02c-4e53-be3c-81fec739c308","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac1f1a05-073a-4c02-aa65-74df47bfd3cb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The regulatory scrutiny highlights the importance of maintaining financial integrity in Singapore's banking sector More News