" ...After I stepped down as prime minister in 1990 I had more time to delve into our banking sector and had working lunches with our Singapore bankers.  One of them was Lim Ho Kee, a shrewd and successful foreign exchange dealer who was managing a major foreign bank in Singapore.  He persuaded me to reexamine our policies which he said were over-cautious and prevented our financial centre from expanding and catching up with the activities of the more developed centres."

...SM Lee Kuan Yew, From Third World to First
"Getting the Basics Right"