But it's only the MAS that has the authority to regulate the banks. If the small issues cannot settle properly, surely the big ones will unsettle many innocent bystanders.
You meaning let's wait for another Lehman Brothers mini-bond kind of issue to blow up first before the MAS could move in ?
I really LOL at this statement. This is Singapore, you really think its that easy now for a bank to chin chai create a product to sell, esp after the DBS "mini-bond" (it wasn't even a bond) fiasco? FYI, even the banks themselves are doing alot of "ownself check ownself" exercises on its employees liao. I know coz Im a regular "mystery shopper" for financial products.