TSMP Law Corporation Joint Managing Partner and Head of Corporate Stefanie Yuen Thio was quoted in a Business Times story published on 18 November 2019 on the proposed joint forum to review accounting, disclosure issues, as well as the bolstering of co-ordination among bodies such as MAS, ACRA, CAD, SGX RegCo.

Using the SWAT team analogy, she said: “I think we need one coordinated regulatory arm that has the ability to move quickly, has access to relevant information and has a sufficient arsenal of enforcement tools to address emergency situations.”

She proposed a better armed regulatory division comprising key agencies so that swifter action can be taken when mismanagement is suspected, to protect and preserve shareholder value.