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IN THE NEWS

Axa Life S'pore to get new CEO pending regulatory nod

FRENCH insurer Axa Life Insurance Singapore will have a new chief at the helm following the resignation of its current CEO, Glenn Williams. Doina Palici-Chehab, who now helms the general insurance business, is expected to take over Mr Williams' duties in the coming weeks. The formal takeover will be carried out once the insurer receives regulatory approval. Mr Williams, who has been with the firm...


Old banking models might well stage a comeback

THE cracks in the banking system have once again been ripped open. Twice in the past decade, banks all over the world have slid considerably on all parameters. The 2008 crisis brought down many banks, nationalised many others, changed the metrics for their measurement and ushered in new adequacy and stress norms. This regime is not even 10 years old - a small period in industrial cycles - and we a...


MAS to clarify use of cloud computing by banks

THE Monetary Authority of Singapore (MAS) will soon spell out what it expects of banks and other financial institutions which use cloud computing, following the industry's request for clarity in this area, said Sopnendu Mohanty, chief financial technology (fintech) officer at MAS. This comes as banks begin to consider cloud technology - the storing and accessing of data and programs over the Inte...


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