FOR IMMEDIATE RELEASE
European Credit Investment Bank (ECIB) Committed to Delivering Exceptional Custodian Services and Upholding the Highest Standards of Financial Integrity
Labuan, 2nd May 2023 – European Credit Investment Bank (ECIB), a leading Investment Bank that provides custodian services, is proud to announce its unwavering commitment to maintaining the industry’s highest standards of financial integrity. With a focus on safeguarding clients’ assets and ensuring regulatory compliance, ECIB is dedicated to providing exceptional service to its clients in today’s dynamic financial environment.
In light of recent inquiries from the general public regarding ECIB’s roles, functions, and obligations, the institution would like to emphasize that while it does not exercise direct regulatory or supervisory oversight over its clients’ activities, it takes its responsibilities seriously and works tirelessly to ensure that they comply with the guidelines established by the relevant regulatory bodies. Dr Ken Lim, Executive Director at ECIB, stated that all clients undergo a rigorous Know-Your-Client (KYC) process, similar to that of any other world-class financial institution, in accordance with regulatory standard procedures. Additionally, ECIB works closely with regulators to ensure all its clients comply with regulatory requirements.
European Credit Investment Bank offers a range of bespoke custodian services that cater to the unique requirements of its clients, including trade settlement, safekeeping, and asset servicing. Its team of experts collaborates closely with clients to develop customized solutions that align with their business objectives while ensuring compliance with regulatory obligations.
As a trusted partner to its clients, ECIB takes pride in its reputation for excellence in the industry. Its unwavering commitment to upholding the highest standards of financial integrity is a testament to its dedication to delivering exceptional custodian services that enable clients to succeed in today’s rapidly evolving financial landscape.