How SGX tailors its operations for S'pore
It pushes for stronger public enforcement in disclosure and corporate governance and favours the putting out of low-volume but high-value information for retail investors.
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MANY people who visit Singapore say that Singapore's financial district is like the one in London or New York. English is widely spoken, building lobbies are adorned with familiar names and the major hospitality and retail brands are here.
But if you look beneath the surface, there is still very much an Asian flavour. You can find temples and Peranakan shop houses amid the skyscrapers, chicken rice and coffee strained through what looks suspiciously like a sock.
The same can be said of our regulatory regime. We in Singapore operate a disclosure-based regime. Over time, we have learnt that it is not a one-size-fits-all one. The disclosure-based regime, as you all know, originated in the United States - a country with very different market dynamics from Singapore's.
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