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Shadow Banking in Singapore
An honorable member of the Coffee Shop Has Just Posted the Following:
In recent years, we have online investment platforms, finance startups, robo-advisors, startups, foreign brokerages that offer short-term deposit schemes that pay higher than our bank/finance companies deposit rates. Let's say I placed my deposits with enHUATawaYE+ (eHY+). Eg. Our bank offer 3.2%pa for your fixed deposits, and eHY+ offer 4.2%pa for your deposits with shorter lock-in period or tenors. These institutions operate like shadow banks in our financial market, I had tried... Read more Click here to view the whole thread at www.sammyboy.com. |
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