With our deep understanding of regulatory requirements, regulator’s expectations and the end-to-end licensing process, we assist clients in their Banking and Capital Markets License application to the Monetary Authority of Singapore (MAS).

Our services include:

• conducting workshops with senior executives to identify the strategies, core products and service offerings, and target customer segments for the planned Singapore operations;
• evaluating the reasonableness of the business plan for the proposed Singapore operations (such as target growth rates);
• reviewing the license application documents and providing recommendations on areas for improvement;
• providing post-submission advisory support in responding to MAS’ queries in relation to the license application documents; and
• developing manuals, policies and procedures for the planned Singapore operations.

Success stories

KPMG has successfully assisted a number of financial institutions domiciled in various jurisdictions in their license applications, including Europe, Japan and the Middle East.