If you didn’t manage to catch the interview of PM Lee on the subject of structured products, you can read it here:
A Practical and Fair Way to Deal with the Issue
The questions posted to PM Lee are as follows:
Could you comment on MAS’ approach to the issue of structured products linked to Lehman Brothers?
Why could the Government not take more responsibility for vetting products?
Surely with consumers deciding for themselves, the Government must set up safeguards?
Can we somehow make sure that people do not lose their last dollar on risky investments?
Would the two different approaches you mentioned earlier explain the difference in the way the Hong Kong and Singapore authorities handled the situation?
What is your take on the anxiety faced by the investors?