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  Regulatory Framework of Singapore’s Banking Industry Singapore’s banking industry is renowned for its robust regulatory framework , which emphasizes financial stability , transparency , and the protection of investor interests . T he Monetary Authority of Singapore (MAS) serves as the primary regulatory authority overseeing the banking sector , as well as the broader financial services industry. Below is a detailed overview of Singapore’s banking regulatory framework: 1. Monetary Authority of Singapore (MAS) Role and Authority:   MAS serves as Singapore's central bank and financial regulator. It formulates monetary policies, regulates financial institutions , and ensures financial stability . The MAS has extensive powers, ranging from licensing to enforcement and the issuance of guidelines. Regulatory Principles:  MAS operates under a risk-based supervision framework, focusing on strong corporate governance , adequate risk management , and robust capital standar

 "In fact, Hong Kong is set to overtake Switzerland as the world’s biggest offshore wealth hub by 2028, with Singapore not far behind. Hong Kong would then account for $3.2tn out of the total $17.1tn in global offshore wealth assets, compared with $3.1tn for Switzerland and $2.5tn for Singapore, according to Boston Consulting Group estimates ."  Is there new emerging attractive market for global offshore wealth assets rather than ages old Switzerland especially in perspective of collapsing  of second largest swiss Giant, credit suisse and freezing of foreign assets of Russia after Russia Ukraine war, the damaging of neutrality of Swiss Banking sector and Switzerland as well?  Yes, the landscape for global offshore wealth management is evolving , with new markets like Hong Kong and Singapore emerging as attractive alternatives to Switzerland. Several factors are reshaping the industry: 1. Switzerland’s Damaged Neutrality: Switzerland's historical positi

  Key points of Chris Hedges' article " Extermination Works. At First .": 1. Israel's Short-Term Goals:  Hedges argues that Israel is pursuing the mass killing of Palestinians  in Gaza to depopulate and annex northern Gaza , and possibly extend this to Lebanon and Iran . In the short term , Israel will likely succeed in these objectives due to overwhelming military force. 2. Long-Term Blowback:   Despite potential short-term victories , Hedges warns of severe long-term consequences for Israel , including increased hatred , extremism , and eventual retaliation from those affected by the violence . He emphasizes that historical patterns show violent oppression sows future conflict and vengeance . In his words " In the short term they are right. This is not good news for Palestinians or the Lebanese . The U.S. and Israel will continue to use their arsenal of industrial weapons to kill huge numbers of people and turn cities into rubble . But in the l

  "Why Nations Fail: The Origins of Power, Prosperity, and Poverty", authored by Daron Acemoglu and James A. Robinson, is a comprehensive exploration of the factors that determine the success or failure of nations in terms of economic development and political stability . Published in 2012, the book provides an institutional framework to explain the stark differences between rich and poor countries . Its core argument is that political and economic institutions are the key determinants of a country's long-term prosperity. Key Themes and Arguments: 1. Inclusive vs. Extractive Institutions:   Acemoglu and Robinson argue that the primary reason why some nations are wealthy and others are poor lies in the nature of their institutions: Inclusive institutions:   These institutions are designed to foster broad participation in economic and political activities . They create incentives for innovation , provide secure property rights, and ensure a level