Posted 9/14/2023, 3:46:00 AM
Singapore Bans Three Arrows Capital Founders From Financial Industry For 9 Years Over Regulatory Breaches
- Singapore's financial regulator issued a 9-year prohibition order against Three Arrows Capital founders.
- The order bans them from working in the country's regulated financial industry.
- MAS investigated Three Arrows after reprimanding the fund in June 2022.
- MAS says Three Arrows failed to notify them of a new fund manager appointment.
- The regulator says senior management must implement robust risk management.