SINGAPORE: Temasek’s investment in collapsed cryptocurrency exchange FTX will be discussed at the next Parliament sitting, which starts on Monday .write down its US$275 million investment in FTXMore than 15 questions were raised by Members of Parliament about Temasek’s investments and about FTX’s collapse.
MP He Ting Ru also asked if there are regulations or a governance framework as to the basic level of due diligence by key statutory boards and government companies handling government assets. MP Zhulkarnain Abdul Rahim asked about the impact of FTX’s collapse and about the due diligence or measures taken prior to investments in cryptocurrency trading platforms.
Besides questions about Temasek’s investments, MPs also asked about the impact of the collapse of FTX.MPs Tin Pei Ling , Lim Wee Kiak and Desmond Choo wanted to know how many retail traders in Singapore were affected by FTX’s collapse and how this might affect Singapore’s financial market and economy.