Pre-emptive action will remain key: SGX RegCo CEO
As the year draws to a close, BT asks SGX RegCo chief about the direction and priorities for the coming year
Singapore
IT'S been a busy year for the Singapore Exchange (SGX), but that has not kept the regulator from wanting to do more to deter corporate malfeasance and to regain the market's trust.
This year saw the significant hiving off of SGX's regulatory functions to an independent Singapore Exchange Regulation, or SGX RegCo, which oversees the stock market policing and the guarding of investors from illegal trades and stock price manipulations.
Tan Boon Gin, chief executive officer of SGX RegCo, shared with The Business Times (BT) recently that the pre-emptive approach to securities regulation, coupled with further improvements in corporate governance, will be extended into the next year.
Mr Tan, who was former director of the Commercial Affairs Department (CAD) and has worked with the Monetary Authority of Singapore (MAS), believes it is more efficient to nip potential rogue trades in the bud than deal with the af…
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