Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Wednesday, 8 July 2009
MAS takes stern action
10 financial institutions involved in the marketing of Lehman Brothers mini bonds in Singapore are banned by MAS from selling structured notes for between 6 months to 2 years. The 10 financial institutions are:
- DBS Group
- UOB Kay Hian
- OCBC Securities
- ABN AMRO's Singapore branch
- Maybank Singapore
- CIMB-GK Securities
- Hong Leong Finance
- DMG & Partners
- Phillip Securities
- Kim Eng Securities
Source: The Star
Labels: Lehman Structured Products, MAS
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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