Since when have they taken the lead apart from their own awesome pay rise and sucking effiency on the people?
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Oct 3, 2008
</TR><!-- headline one : start --><TR>Risky products under review <!--10 min-->
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"-->CONFUSED by complex investment products sold at the bank? Well, help is on the way.
Singapore's financial regulator said yesterday that it will review the way that structured investment products are marketed and sold to retail investors.
The move comes in the wake of news that thousands of investors who had bought structured products linked to the now-bankrupt investment bank Lehman Brothers could now lose most of their money.
In a statement yesterday, the Monetary Authority of Singapore (MAS) said that while it considers the current regime for marketing of investment products to be fundamentally sound, it will undertake the review 'in light of recent developments in Singapore and globally'.
Areas under study include stronger suitability requirements for certain types of products, as well as clearer product labelling and risk rating, said MAS.
And one outcome of the review could be simpler descriptions of the features and risks of products, so that they can be more easily understood. Structured products refer to a class of investments that involve the use of complex financial derivatives to deliver a steady annual return above that of traditional fixed deposits.
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Oct 3, 2008
</TR><!-- headline one : start --><TR>Risky products under review <!--10 min-->
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"-->CONFUSED by complex investment products sold at the bank? Well, help is on the way.
Singapore's financial regulator said yesterday that it will review the way that structured investment products are marketed and sold to retail investors.
The move comes in the wake of news that thousands of investors who had bought structured products linked to the now-bankrupt investment bank Lehman Brothers could now lose most of their money.
In a statement yesterday, the Monetary Authority of Singapore (MAS) said that while it considers the current regime for marketing of investment products to be fundamentally sound, it will undertake the review 'in light of recent developments in Singapore and globally'.
Areas under study include stronger suitability requirements for certain types of products, as well as clearer product labelling and risk rating, said MAS.
And one outcome of the review could be simpler descriptions of the features and risks of products, so that they can be more easily understood. Structured products refer to a class of investments that involve the use of complex financial derivatives to deliver a steady annual return above that of traditional fixed deposits.
