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Where should the line between profit and regulation be drawn?

SGX will have to ponder over what kind of market we want - should business friendliness or strict discipline take precedence?

THIS column on Dec 15, 2015, titled "Boosting liquidity: fundamental rethink needed", stated that it would not be an exaggeration to describe conditions in the local stock market at the time as extremely dire, possibly the worst they have been since the US sub-prime crash of 2008.