March 31 (Reuters) - Monetary Authority of Singapore
* Says it has been conducting a thorough review of various transactions as well as fund flows through our banking system, responding to Australian article
* Says it has requested a number of financial institutions to furnish information relating to the review
* Says given the cross-border nature of these fund flows, MAS is also working closely with and seeking clarifications from relevant authorities in other financial centres
* Says it will not hesitate to take regulatory actions against financial institutions should they be found to have breached banking rules