Singapore c.bank lifts ban on structured note sales

SINGAPORE Feb 11 (Reuters) - Singapore's central bank said on Thursday it will lift a ban on sales of structured notes for DBS Bank (DBSM.SI), Malayan Banking Bhd (MBBM.KL) and Royal Bank of Scotland (RBS.L) after the three banks met its requirements.

The Monetary Authority of Singapore will lift the ban from Friday after two independent accounting firms -- KPMG and PricewaterhouseCoopers -- said they were satisfied with the banks' plans and their implementation, it said in a statement.

"The three financial institutions have publicly pledged their commitment to effectively implement various measures on an ongoing basis in order to deliver fair dealing outcomes to their customers," it said. (Reporting by Nopporn Wong-Anan; Editing by Jan Dahinten)