According to reports, the Monetary Authority of Singapore (MAS), the central bank and financial regulator, will begin a public consultation this month. In a statement released to the media, the MAS said the purpose of the consultation was to ensure regulations were "sound and responsive to the changing needs of the various stakeholders in the fund management industry".

It is believed a particular focus of the review may be hedge and private equity funds, whose investment and trading strategies have been blamed in some quarters for the scale of the financial crisis which began in 2008 and continues to impact on markets.

The consultation will mark the first time Singapore has reviewed its investment management regulations since 2002, when a package of measures and incentives was introduced to make the island state a fund management hub – especially for alternative asset classes.

This story has been supplied by International Adviser, to subscribe click here.