The Monetary Authority of Singapore (MAS) says it is working with the Institute of Banking and Finance "to proactively address any impact on employment" as a result of a merger between Swiss banks UBS and Credit Suisse.
It noted that the details of UBS' takeover of Credit Suisse are still being worked out.
"The implications for jobs in Credit Suisse in Singapore are not clear at this point in time.
"MAS is monitoring this closely and in touch with the two banks," MAS said in its reply to queries from The Straits Times.
The regulator did not say how many jobs are at stake here, but market sources told ST on Monday that estimates would put the number of Credit Suisse employees in the Republic at roughly 3,500.
3,500
Approximate number of Credit Suisse employees in Singapore.
$38b
Total assets of the bank's business here, excluding intragroup balances, as at end-February. It represents 1.6 per cent of the total assets of Singapore's banking sector.
هذه القصة مأخوذة من طبعة March 23, 2023 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 23, 2023 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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