Its true value will be in its ability to make unpopular decisions and stick with them, even if they do not yield immediate results
I DON’T envy the task facing the group formed by the Monetary Authority of Singapore (MAS) to improve the Singapore stock market. Since the announcement of its formation on Aug 2, suggestions have been pouring in.
Some, such as better support of financial literacy initiatives, are relatively easy to execute. Others, such as the formation of a new exchange, are high-effort ideas. Still others, such as the establishment of an ombudsman office, are sure to step on a few toes.
It is only natural that every market participant brings to the table a suggestion shaped by its own perspective. All these perspectives are valid ones, but they will sometimes be in conflict.
