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Danny Yong From Komfie Manalo, Opalesque Asia:
The regulatory regime in Singapore is moving in the right direction to bring its standards to a similar level as Hong Kong, declared Danny Yong, CIO of Dymon Asia, a Singapore-based Asian Global Macro hedge fund focused mainly on FX, rates and equity index funded by Tudor Investment Corp., in the latest Opalesque Singapore Roundtable, sponsored by Eurex and SunGard.
The Opalesque Singapore Roundtable was held in early May.
"Let me add here that my partner and Chief Operating Officer Willy Ballmann, and our Chief
Compliance Officer address most of these regulatory developments," Yong told the Roundtable participants and added, "I actually see increased regulation as a net positive development. We are an SEC registered Exempt Reporting Adviser and are preparing to be fully licensed as a fund manager with the MAS. So to me these things are inevitable."
He explained that over the last few years, the Monetary Authority of Singapore (MAS), being an engaging regulator, recognized the need to increase the level of regulatory oversight over managers conducting operations in Singapore.
"I think the new FMC rules are a move in the right direction and will bring Singapore to similar regulatory standards as Hong Kong. ...................... To view our full article Click here
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