For subscribers
Financial institutions cannot sell unsuitable investment products to non-savvy customers: MAS
Sign up now: Get ST's newsletters delivered to your inbox
The MAS expects banks to not actively promote other products to customers visiting a branch to renew fixed deposits.
ST PHOTO: LIM YAOHUI
In the light of guidelines from the Monetary Authority of Singapore (MAS), the days when vulnerable customers were at the mercy of bank employees pushing unsuitable products are hopefully behind us.
