“I think the two are not mutually exclusive, and they can be achieved together if we design it well,” says Chee, who is also MAS deputy chairman and chair of the seven-month-old review group.
Implementing “pro-enterprise” changes proposed by the Monetary Authority of Singapore’s (MAS) equities market review group will come with “trade-offs”, says Second Finance Minister Chee Hong Tat, but parties involved will work to make the Singapore market more attractive while strengthening investor protection and confidence.
Speaking at a Feb 21 media briefing on the review group’s first tranche of proposed measures, Chee says a shift towards a more “disclosure-based regime” does not mean regulators will “relax or let go of high standards and investor protection”.
