Singapore needs to protect reputation of its financial sector – which constitutes 13% of its economy – as it grapples with the weakest economic growth since 2009.
SINGAPORE: The naughty list for Singapore financiers has rarely been so long.
From the 1MDB-linked scandal to a 333-count front-running case and the largest market-manipulation prosecution in Singapore’s history, this year’s allegations of moneymen behaving badly have put the city-state’s image as a squeaky-clean financial hub to the test.