Singapore legislation
Clause 18
Clause 18
Special investigation of banks
The Minister may at any time direct the Inspector to make an investigation, under conditions of secrecy, of the books, accounts and transactions of a licensed bank, if he has reason to believe a licensed bank is carrying on its business in a manner detrimental to the interest of its depositors and other creditors, or has insufficient assets to cover its liabilities to the public, or is contravening the provisions of this Ordinance.