Singapore unfazed as report advises shift away from FX
NEWS
SINGAPORE -- FX market participants in Singapore were unconcerned last week by a report proposing to bolster the state’s wealth management industry at the expense of foreign exchange.
The report, from Singapore’s Economic Review Committee (ERC), said the Lion City should refocus away from FX and investment banking and promote longer-term investment through fund management, global processing and risk management.
Even if the plan went ahead, "FX trading here would still continue to be fairly strong
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