Forming RegCo should be only the start

Singapore

THERE'S little doubt that the market will welcome the Singapore Exchange's move to set up a separate subsidiary to house and discharge its regulatory functions as, to quote from the SGX press statement, it will make "more explicit the segregation of its regulatory functions from its commercial and operating activities".

Granted, it is a move that is overdue and should go some way towards satisfying critics of the present arrangement as it is explicit acknowledgement that greater independence means better regulation, a point which has been repeatedly raised since 2000 when SGX was listed.