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Singapore regs ‘not unduly burdensome’

Wednesday 8 June 2011 – by Will Henley

The Monetary Authority of Singapore today makes a pitch for multinational financial companies across the world to consider basing themselves in Singapore.

Writing in Global Financial Strategy, assistant managing director Ng Nam Sin says the burgeoning financial centre is ideally placed for businesses keen to be at the “heart of Asia”.

The senior official adds that regulations are “not unduly burdensome” and that it has a track record of good corporate governance standards.

“Singapore’s success as an international financial centre is premised on its effective regulatory regime and robust supervisory framework,” he writes.

He continued: “Located in the heart of Asia, Singapore continues to play a key role as an important gateway to Asia, facilitating trade and investment flows.”

Related articles:
Singapore: the star of the East rises
OECD: Singapore must extend tax deals
SGX overhauls corp governance rules
Move to boost price discovery by SGX
Tharman is new Singapore MAS chair

To read Ng Nam Sin’s column in full, please click here.

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