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Regulator ensures firms give accurate financial data but cannot prevent their failure: Ong Ye Kung

"Our regulatory regime does not, and cannot, dictate how listed companies make their commercial decisions or seek to prevent business failures. What regulation can do is to promote transparency and good disclosure practices so that investors are able to make informed decisions," says Mr Ong.


UNTIL its near-collapse last year, Singapore-listed Noble Group was one of Asia's top commodity traders and had been given a clean bill of health by its auditors.

On Wednesday, its sudden reversal of fortune was cited in Parliament by Education Minister Ong Ye Kung, a...

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