Don't rush rule changes, Lee Hsien Loong cautions

Singapore Prime Minister Lee Hsien Loong said lawmakers should await the outcome of investigation of China Aviation Oil (Singapore) Corp's US$550m losses in derivatives trading and not rush to implement new rules, according to a report in the Straits Times newspaper. "I would not, as a knee-jerk response every time something goes wrong … say tighten the rules," the paper reported Lee saying. Authorities were quick to launch a criminal investigation while the company petitioned for court protection from creditors.