Singapore

EVEN from before its listing at the end of 2000, the Singapore Exchange (SGX) has been dogged by much criticism - from readers, analysts and writers of The Business Times - that commercial considerations will lead to a lighter regulatory touch, harming investors and the reputation of the stock market.

In reply, the establishment position was that there was no conflict, as a well-regulated exchange will lead to a vibrant market that attracts new listings. As a market operator, SGX was also deemed to be in the best position to regulate according to what the market needed.