MAS working closely with Sias to find it a viable funding model

Singapore

THE Monetary Authority of Singapore (MAS) is "working closely" with the Securities Investors' Association (Singapore), or Sias, to find a sustainable funding model for the retail investor advocacy group to ensure its credibility with investors.

Sias' retail investor advocacy and education will be important going forward, said MAS managing director Ravi Menon, as Singaporeans grow in financial sophistication and take to investing in an increasingly complex and challenging landscape.

Mr Menon's comments, made at Sias' inaugural Master Series Investment Conference on Thursday, come a month after Sias' 20th anniversary celebrations, when Sias chief patron Dr Tony Tan Keng Yam said that Sias needed a new funding …