MAS open to change on 'sensitive' outsourcing rules

The Monetary Authority of Singapore (MAS) says it is adopting “an open and consultative approach in regulating the financial sector”. In a discussion with AsianInvestor, following our report last week on suggestions that hedge funds are fleeing the city state, the regulator emphasised its desire to have a “robust and predictable regulatory framework”. The MAS also said there is flexibility in proposed new rules on outsourcing by financial institutions, and that it is taking on b…