The Singapore Business Times reports …… “Law Minister K Shanmugam made this point at Friday’s launch of the National University of Singapore’s Centre for Banking and Financial Law…. ”
AS Singapore further develops as one of the top five financial centres in the world, it is key that the legal sector is able to cater to the needs of banks and financial institutions.
He said that the banking and financial sector is one of the key planks of the Singapore economy – contributing about 12 per cent of the nation’s gross domestic product and creating just under 200,000 jobs.
The minister noted that Singapore is home to 200 banks and 700 financial institutions.
Full Story At ( subscribers only) http://www.businesstimes.com.sg/breaking-news/singapore/nus-launches-centre-banking-and-financial-law-20140912
Channel News Asia also has the story http://www.channelnewsasia.com/news/business/singapore/nus-launches-centre-for/1359394.html
