What Banking Act 1970 - Part VII: Powers of Control Over Banks, Etc. requires
This article mandates that banks must comply with Authority directives on interest rates and investments, facilitate inspections, report adverse developments and potential insolvency, maintain strict customer information confidentiality, and secure approval for key executive appointments.
Pillar: Banking & Global Finance · Authority: Parliament of Singapore · Version: 1.0.0 · Last updated:
Primary source: https://sso.agc.gov.sg/Act/BA1970?WholeDoc=1
SHA-256 integrity: 3ac44bc76d6d4eaac8d507c6e953188a4e4275210d974c830d8059be6c43f819
Primary Citations — 8 traced to source
- Part VII, section 41: The Authority may, if it thinks it necessary in the public interest, by notice in writing to banks, prescribe the maximum rates of interest which may be paid on any class of deposit received in Singapore by those banks.
- Part VII, section 42: The Authority may make recommendations to banks concerning the general policy which should be followed in the granting of credits and the making of investments.
+ 6 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/sg-banking-act-part-vii-bank-customer-confidentiality.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/sg-banking-act-part-vii-bank-customer-confidentiality.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/sg-banking-act-part-vii-bank-customer-confidentiality
- Back to registry: Browse all 10,090 compliance nodes