Deputy Chairman of MAS explains the Government's position on structured products.

MAS never said products are risk-free – MAS Dep Chairman

The Online Citizen 2008-10-20 Uncategorised

From Straits Times report:

Mr Lim also addressed Mr Low's question on whether structured products were low-risk or safe.

The Minister said that the product's prospectus would have outlined the risks: 'These are explained in the first page or second page , that these are structured products and it's in bold print, that you can lose everything.

'So MAS has never said that these are risk-free products or low-risk products or safe products.'

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MAS never said products are risk-free – MAS Dep Chairman

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