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MAS never said products are risk-free – MAS Dep Chairman
Deputy Chairman of MAS explains the Government’s position on structured products.
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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