Sir,
Re: ARTICLE RELEASED BY FINANCEASIA
Take note that your quote paraphrased from the report by The Daiwa Institute
of Research on 20/07/00 [Monetary Authority of Singapore misses mark with e-bank guidelines] was incorrect in that it portrayed an image that the reference to “Daiwa bank analyst…” was a report made by The Daiwa Bank Ltd’s analyst.
Be informed that the above named Institute of Research is not related in any manner or form to The Daiwa Bank, Ltd . As such, a retraction and revision of the statement in an appropriate manner to reflect the actual position is required.
Your co-operation is appreciated.
Yours Faithfully
For and on behalf of
THE DAIWA BANK LTD
From the Editor
We apologise for any confusion caused. The paraphrase was taken from a report by the Daiwa Institute of Research, and not from a “Daiwa Bank analyst” as was stated.
