Settlement shows robustness of S'pore regulations: Observers

A man walks past the visitor registration counter for Goldman Sachs in the South Lobby of One Raffles Link on Oct 23, 2020.
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

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.

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A version of this article appeared in the print edition of The Straits Times on October 24, 2020, with the headline 'Settlement shows robustness of S'pore regulations: Observers'. Print Edition | Subscribe