The current structured investment products saga that have resulted in many including retirees losing substantial amount of life savings and retirement funds is certainly not going to help the image of the current Singapore government. If no reasonable or satisfactory resolution is agreed in regards to compensation to investors, confidence in the current regulatory body, government, banks and financial institutions are to drop.
I hope the Monetary Authority of Singapore can take more affirmative steps like their Hong Kong counterparts in handling this issue. I have read many from online cyberspaces voicing their displeasure.
We need the leadership of MAS badly.
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