MAS review of structured products may lead to regulatory changes
The Monetary Authority of Singapore (MAS) may make changes to regulation governing the structured products industry it emerged yesterday during the country's parliamentary sitting. The MAS is undertaking a review of the regulatory regime for the marketing of investment products in light of recent potential misselling of products and retail investor losses.
The review may include stronger suitability requirements for certain types of products, clearer product labeling and risk ratings, and simpler descriptions of the features and risks of products so that they can be more readily understood.
But the MAS also intimated that regulation was not the only solution. "All stakeholders have a role to play," says Tharman Shanmugaratnam, minister for finance and board member of the MAS. "The boards and senior management of financial institutions must embed a
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