Quote:
Originally Posted by Unregistered
This is true. Some management really drunk on power. They think they have the ability to dictate what companies in foreign countries do. They keep asking poor staff what we going to do about this company and that company.
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I don't think they are drunk on power la.
It's just that they have some difficulty comprehending the limits of
MAS' powers. We are indeed a regulator but we can only act in accordance with the law. We can't just override the day-to-day operations of the company because we don't fully agree with it.
In fact, I think the FIs here are generally co-operative and receptive to advice. If this were in the US, the FI/state may well bring a lawsuit against the regulator for overstepping its mandate.