The banks were also assured they will not face "unnecessary regulation" following a high-profile $3 billion money-laundering case involving a dozen or so ethnic Chinese, reported the FT.
Singapore's top political leadership has given international banks operating in this financial hub an "unusual series" of briefings on geopolitics, with the key message that the country can remain stable and neutral at a time of rising tension between China and the West, reported the Financial Times.
Topics raised at the briefings, held over the past six months, included not just US-China rivalry, but also conflict in the Middle East, the ongoing war between Russia and Ukraine.
