SINGAPORE (Nov 18): Singapore Exchange (SGX) has been named “Exchange of the Year” in the Regulation Asia Awards for Excellence for the second consecutive year.
The award recognises SGX for its targeted approach to market regulation, and for demonstrating a commitment to moving to a “community” approach.
The judging panel noted SGX’s willingness to work with the industry to raise standards across the board.
This includes its collaboration with the Association of Banks in Singapore to raise IPO due diligence standards, its partnerships with property and business valuation experts to raise standards for valuing companies’ assets, and its initiatives with members of the market community to deter market misconduct.
“We are delighted to be recognised for our collaboration with market participants on various fronts including our Surveillance Handbooks and Dashboard to address trading misconduct,” says Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo).
“We have also adopted a much more precise and targeted regulatory approach including using Notices of Compliance and Trading Restrictions to tackle matters of key concern to the market as early as possible. We will continue learning and working with stakeholders so as to address regulatory issues upstream and to try to counter any wrongdoers,” he adds.
