Preventive policing preferred, says SGX chief regulatory officer Tan Boon Gin

SINGAPORE (March 10): Since Tan Boon Gin was appointed chief regulatory officer at the Singapore Exchange in June 2015, there has been a palpable sense that the exchange is wielding the stick more often.

Under his watch, SGX has reprimanded eight trading representatives (TRs) for offences such as market manipulation. The last time individual traders ran afoul of SGX was in 2009, when just one person was reprimanded. This followed a single reprimand in 2008.

“Maybe because of my law enforcement background, the ‘guns blazing’ analogy comes very quickly to mind,” says Tan, a former prosecutor, police officer and district judge.

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