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

Posted by on October 20, 2008 5 Comments

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.’

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5 Responses to “MAS never said products are risk-free – MAS Dep Chairman”

  1. wh173rav3n 21 October 2008

    Situation Normal, All Fouled up – SNAFU!

  2. sunp 21 October 2008

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

  3. SevenEleven 21 October 2008

    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?

  4. wakwank 22 October 2008

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