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Goldman Sachs settlement for role in 1MDB scandal shows robustness of S'pore regulations: Observers
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A man walks past the visitor registration counter for Goldman Sachs in the South Lobby of One Raffles Link on Oct 23, 2020.
ST PHOTO: KEVIN LIM
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SINGAPORE - The settlement by Goldman Sachs for its involvement in the 1Malaysia Development Berhad (1MDB) saga shows the robustness of Singapore's legal and regulatory framework, observers noted.
They said it also highlights the Singapore authorities' acumen to penalise the bank for lack of good corporate governance while keeping its access to the market open to deal making and risk taking.
