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MAS active in looking after investors' interests: SM

However, the finance industry regulator cannot announce every action it takes as some of these are market-sensitive. -ST

Fri, Nov 07, 2008
The Straits Times

By Kor Kian Beng

SENIOR Minister Goh Chok Tong has assured investors in troubled structured products such as those linked to the collapsed Lehman Brothers that the Monetary Authority of Singapore (MAS) has not taken its eyes off the issue.

He gave the assurance last night when he explained why the MAS was unable to reply to any particular group or individuals on its action plans as 'some of these are market-sensitive'.

Mr Goh, who is chairman of the MAS, was speaking at a community event in his Marine Parade GRC. He said: 'I can tell you that MAS has been active in looking after the interests of the investors of the structured products.'


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