A regulatory body separate from SGX?

THE Singapore Exchange's (SGX) plan to boost its disciplinary powers to improve the quality of the market is long overdue - coming as it did after debacles such as the penny-stock collapse last year.

Indeed, BT readers will also recall the countless times this paper has called for such added bite.

But, the devil is in the details: how exactly SGX intends to finally grow a sharper set of teeth (with the procedures not yet fully fleshed out) will determine if it will eventually succeed in doing so.

To recap: the Exchange rolled out two consultation papers o…