Salary.sg Forums - View Single Post - MAS for Mid Career Professionals
View Single Post
  #1266 (permalink)  
Old 19-11-2022, 03:54 PM
Unregistered
Guest
 
Posts: n/a
Thumbs down

Quote:
Originally Posted by Unregistered View Post
I think this points to MAS not having enough law trained officers and in the management for a financial regulator. Especially in the securities, markets space, most regulators are staffed with much more lawyers. Lawyers are not always great people but they understand legal limits and the need to build a coherent web of binding regulations. Not haphazard moral suasion , random guidelines without teeth when things really blow up. Why guidelines? Only because industry is so called not ready for binding regulations.

To go back to the organisation culture part of this thread, MAS is not exactly as good as it looks. It looks good because worse and more unethical people exist in droves in the industry. On the international stage, it will become clear MAS is out of depth and all about putting up a front.
Brave and refreshing comments. Gives hope there are still people with a sense of reality.

To be fair, there are some very good characters within MAS. Good not measured by the rhetoric or other self-serving actions peddled in front of higher bosses to advance their own interests. The same for some we may come across in the industry. So its about individual traits and values, not tied to whether or not they are in MAS.

"haphazard moral suasion" - isn't being seen to be capable of hobnobbing with industry players also a good way to self-position for higher office, while waiting for a seat to be vacated?

Many employee surveys, few dare to speak up when feedback is aggregated using methods that make it easy to have identity marked. It seems there are some sacred cows that are all but beyond criticism.
Reply With Quote