Don Wee on Monetary Authority of Singapore (Amendment) Bill
What is the desired level of liquid assets that MAS should have to maintain the floating parity of the Singapore dollar? Should a sweeping mechanism be imposed for excess Official Foreign Reserves (OFR) to be transferred to GIC for investment once it hits 70 per cent? These were some questions raised by MP Don Wee in Parliament on Tuesday (Jan 11). He also asked about MAS’ portfolio when investing OFR, including the level of green investments and whether this can be increased. Mr Wee said it is important for the public to know the approach taken to value Government assets, and that valuation should be derived from prudent principles rather than optimistic assumptions.
What is the desired level of liquid assets that MAS should have to maintain the floating parity of the Singapore dollar? Should a sweeping mechanism be imposed for excess Official Foreign Reserves (OFR) to be transferred to GIC for investment once it hits 70 per cent? These were some questions raised by MP Don Wee in Parliament on Tuesday (Jan 11). He also asked about MAS’ portfolio when investing OFR, including the level of green investments and whether this can be increased. Mr Wee said it is important for the public to know the approach taken to value Government assets, and that valuation should be derived from prudent principles rather than optimistic assumptions.
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