Singapore is recognized as one of the world’s top financial centers which is largely due to a good business environment, market access, a strong financial system, and government policies which create a desirable investment environment.
Some financial industry reports suggest that Singapore will overtake Switzerland in the near future as the world’s top center for managing international funds.
Singapore is well established as one of the preferred jurisdictions for high net worth individuals and their families, due to the vast array of expertise available in wealth management. Credit is also given to the Singapore government for its encouragement of the growth of the fund and wealth management industries by offering tax incentives and other business concessions to qualifying entities.
Following the most recent financial crisis in 2008, the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial sector regulator, enhanced its regulatory regime to ensure financial stability.
Duff & Phelps’ dedicated and experienced team provides practical advice to financial institutions in Singapore, aimed at easing the increased burden on corporations’ internal resources to ensure compliance with continuing regulatory changes.
Our services include:
- Financial crime
- Forensic & dispute services
- Regulatory due diligence
- MAS internal audit
- MAS licensing
- Mock MAS reviews
- Operational due diligence services
- Ongoing compliance advisory support