OPPOSITION MP Low Thia Khiang wants the Monetary Authority of Singapore (MAS) to be more 'proactive' in dealing with investors who may have been mis-sold structured products.

The call by the Hougang MP came after a detailed overview by Trade and Industry Minister Lim Hng Kiang about the MAS stance on the sale of the products that have caused so much anxiety and anger in the community.

'The minister's answers sound like the MAS shouting across the river, while watching a fire burning,' said Mr Low, who suggested the Government could form a committee 'to deal with the matter directly'.

All play part in structured product rules

MAS balances regulation with FI's responsibility for fair deal: Hng Kiang

By Francis Chan

REGULATORS, financial institutions and individual investors all have a part to play in the current regime that governs the sale of structured products here.

That was the view of Trade and Industry Minister Lim Hng Kiang as he responded to MPs' questions yesterday on these investment products, which have sparked a storm of controversy in the wake of the collapse of Lehman Brothers.

Thousands of investors here face the prospect of losing significant sums of their savings invested in products linked to the former US investment bank.

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