Tighter oversight of market

The Singapore Exchange Centre in Shenton Way.
The Singapore Exchange Centre in Shenton Way.PHOTO: ST FILE

Tighter oversight over the market here is on the cards as the regulatory arm of the Singapore Exchange (SGX) seeks to increase trust and accountability.

The measures it will take include setting up a whistle-blowing office, standardising best practices and raising the accountability of auditors, sponsors and issue managers.

SGX Regulation chief executive Tan Boon Gin said: "We are looking to increase our regulatory presence in order to strengthen investor confidence and deter wrongdoing."

A working group will also be formed to review the retail bonds framework - for instance, how retail investors could receive more support when bond issuers default.


A version of this article appeared in the print edition of The Straits Times on August 08, 2019, with the headline 'Tighter oversight of market'. Subscribe