Kenneth Tiong on Financial Services and Markets (Amendment) Bill
The Financial Services and Markets (Amendment) Bill makes Singapore banks safer if they fail, but the larger work is to make them more useful while they stand, said MP Kenneth Tiong. In parliament on Tuesday (Oct 6), he spoke on how future legislative energy and banking ought to focus on rules better suited to an Asian context, which are aimed at how banks actually lend and how they would actually fail.
The Financial Services and Markets (Amendment) Bill makes Singapore banks safer if they fail, but the larger work is to make them more useful while they stand, said MP Kenneth Tiong. In parliament on Tuesday (Oct 6), he spoke on how future legislative energy and banking ought to focus on rules better suited to an Asian context, which are aimed at how banks actually lend and how they would actually fail.
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