TSMP joint managing partner Stefanie Yuen Thio was quoted in a 4 November 2020 Business Times article on the MAS Enforcement Report, which updates the market on enforcement matters in the financial markets.

She said that the enforcement report will keep the market updated on the progress and outcome of investigations, and that the regulator should be given more powers to take immediate action to safeguard the interests of stakeholders in an event where there is a risk of a listed company’s assets being jeopardised.

“I also think that the penalties the MAS can impose should be increased so that when, for example, a large international bank has been shown to have participated in unlawful transactions, then the financial punishment can be more severe,” she added.