SINGAPORE (June 9): Daiwa Capital Markets is keeping its “positive” rating on Singapore banks, even as the Monetary Authority of Singapore (MAS) on Wednesday announced relaxed regulations for security-based crowdfunding (SCF) platforms.
“We maintain our Positive rating on the sector and see little evidence that SCF, at this stage of development will emerge as a disruptive force or competitive threat to bank lending,” says Daiwa analyst David Lum in a Wednesday report.
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