TOC TV - Written on Monday, October 20, 2008 23:37 - 5 Comments

MAS never said products are risk-free – MAS Dep Chairman

From Straits Times report:

Mr Lim also addressed Mr Low’s question on whether structured products were low-risk or safe.

The Minister said that the product’s prospectus would have outlined the risks: ‘These are explained in the first page or second page , that these are structured products and it’s in bold print, that you can lose everything.

‘So MAS has never said that these are risk-free products or low-risk products or safe products.’

Part One:

Part Two:

5 Comments

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

wh173rav3n
Oct 21, 2008 5:52

Situation Normal, All Fouled up – SNAFU!

The Singapore Daily » Blog Archive » Daily SG: 21 Oct 2008
Oct 21, 2008 11:15

[...] Notes and Minibombs – MAS: Reply to PQs on the Sale of Structured Products to Retail Investors [Vids][Comments @ TKL's Blog] – TOC: Loss of hard earned savings – TOC: Mis-selling 101 – a respond to [...]

sunp
Oct 21, 2008 11:36

All these goons are honor graduates from Shao Lin monastery, master of Tai Chi martial art.

SevenEleven
Oct 21, 2008 11:54

Mr TKL had said that the prospectus of the mini-bond cannot be found in the website of MAS while others can still be found. can MAS explained why that is so?

wakwank
Oct 22, 2008 0:02

Dang, is he reading a letter? Shouldn’t he like have this in the back of his head or something?