Tuesday, July 21, 2009 1:30
Minibonds fiasco settled “without political pressure”, says Lim Hng Kiang
In Quotes • 393 views • 11 Comments
The process has not been overly legalistic and is not subject to political pressure. This way we serve the interests of all parties, and also serve the wider public interest of growing Singapore’s reputation as a credible and reliable international financial centre.
Trade and Industry Minister Lim Hng Kiang
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11 Comments
whenpotonpasireatabalong
CJ
If you point a gun at a person’s head, and then suggest anything… do you think he will object?
blackfeline
is he talking about hairdressing?
gemami
This is one instance when political pressure was very much needed but was found wanting. Perhaps because of the link it shares with the government, with a foremer PM being its chairman, no less.
LHK also said that MAS “does not, and cannot, micro-manage financial institutions in their operations…“. Yet, it now says there is a proposal to “promote more effective disclosure, strengthen fair dealing in the sale and advisory process, educate the investing public, and enhance MAS’ powers to investigate and take regulatory action..“.
If it cannot micro-manage before the fiasco, what makes him so sure it can now micro-manage with the new proposals?
didyouknoworNOT?
if the government did not step in, dbs and other banks wont pay a cent. the reason of stepping in is obvious, election is on the cards, no way they going to get the whole bunch of people swearing on their lost investments.
ErniesUrn
Election is coming. Investors should their love for the govt and vote them right out. :)
kopitiamahsoh
With H1N1 checks ongoing, i wonder in what way might the election date be affected?
Is there news about when to lower the alert warning level for H1N1 yet?
Look who's talking
[ The process has not been overly legalistic and is not subject to political pressure. This way we serve the interests of all parties ...]
Wonder who “we” includes. The banks too? Certainly not the investors!
HaiGong
HK has proven that it need not pay in $m to get effective and efficient govt, see they are always ahead of Singapore heh!
Daniel
Read about Lucky Tan’s latest post on
Lim Hng Kiang : Structured Notes Fiasco settled fairly….
http://singaporemind.blogspot.com/
kopitiamahsoh
‘overly’ is a descriptive comparative and relative word.
Who determines how much is ‘overly’?
depends on each person?
ha ha ha
let me laughed again
onced again
my balls is rolling on the floor laughin out loud….
if you pap ministers want ALL parties
why have norminated nmps?
why cannot have those oppositions who stood as candidates
they are not servin an interest to the ^nation^
maybe they just placed their heads on the electorial board just to be FILMED by wongcantsink electoria department…………….