Additional Guidelines to Investment Mandate of Singapore's Sovereign Funds

Debated in Parliament on 28 Nov 2022.

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Leong Mun Wai asked whether the Ministry would introduce additional investment guidelines for Singapore’s sovereign funds, citing recent investments in cryptocurrency exchanges.
Lawrence Wong thanked the member and stated he would address the question in his reply at the 30 November 2022 Parliament Sitting, referring to a prior official report on the FTX bankruptcy and its impact.
The exchange highlights parliamentary interest in revising sovereign fund mandates amid concerns over cryptocurrency investments, with a commitment to a formal response at the next sitting.

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Leong Mun Wai

Mr Leong Mun Wai asked the Deputy Prime Minister and Minister for Finance whether the Ministry will consider introducing additional investment guidelines to the investment mandate of our sovereign funds in view of the recent investments made on cryptocurrency exchanges.

Lawrence Wong

I thank the Member for the question. I will address it in my reply at the 30 November 2022 Parliament Sitting. [Please refer to "Bankruptcy of Cryptocurrency Trading Platform FTX and Impact on Singapore's Financial Markets, Regulation of Such Asset Class and Strategies of Singapore's Investment Funds", Official Report, 30 November 2022, Vol 95, Issue 78, Oral Answers to Questions section.]

Summary written by AI (learn more)

Leong Mun Wai asked whether the Ministry would introduce additional investment guidelines for Singapore’s sovereign funds, citing recent investments in cryptocurrency exchanges.
Lawrence Wong thanked the member and stated he would address the question in his reply at the 30 November 2022 Parliament Sitting, referring to a prior official report on the FTX bankruptcy and its impact.
The exchange highlights parliamentary interest in revising sovereign fund mandates amid concerns over cryptocurrency investments, with a commitment to a formal response at the next sitting.

Questions identified by AI (learn more)

Additional Guidelines to Investment Mandate of Singapore's Sovereign Funds | PAPERCUTS

Additional Guidelines to Investment Mandate of Singapore's Sovereign Funds

Debated in Parliament on 28 Nov 2022.

Summary written by AI (learn more)

Leong Mun Wai asked whether the Ministry would introduce additional investment guidelines for Singapore’s sovereign funds, citing recent investments in cryptocurrency exchanges.
Lawrence Wong thanked the member and stated he would address the question in his reply at the 30 November 2022 Parliament Sitting, referring to a prior official report on the FTX bankruptcy and its impact.
The exchange highlights parliamentary interest in revising sovereign fund mandates amid concerns over cryptocurrency investments, with a commitment to a formal response at the next sitting.

Questions identified by AI (learn more)

Full Transcript

Leong Mun Wai

Lawrence Wong

Summary written by AI (learn more)

Leong Mun Wai asked whether the Ministry would introduce additional investment guidelines for Singapore’s sovereign funds, citing recent investments in cryptocurrency exchanges.
Lawrence Wong thanked the member and stated he would address the question in his reply at the 30 November 2022 Parliament Sitting, referring to a prior official report on the FTX bankruptcy and its impact.
The exchange highlights parliamentary interest in revising sovereign fund mandates amid concerns over cryptocurrency investments, with a commitment to a formal response at the next sitting.

Questions identified by AI (learn more)

Additional Guidelines to Investment Mandate of Singapore's Sovereign Funds

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Lawrence Wong

Summary

Questions Identified

Additional Guidelines to Investment Mandate of Singapore's Sovereign Funds

Summary

Questions Identified

Full Transcript

Leong Mun Wai

Lawrence Wong

Summary

Questions Identified