MAS gained power as it sought to bolster Singapore’s reputation as a financial centre.
Recent events suggest not much has changed since the financial crisis, and a different approach is needed.
Exchange collapse shows officials’ inability to bring certainty.
Group including 8 Singapore banks will ‘enhance detection and mitigation of transnational risks’.
Ravi Menon cites banks exit from some market segments, but says costs not sufficient reason for regulatory rollback.
Professor Tan Cheng Han will take up role in the 3rd quarter this year, exchange says.
Former remisier manipulated prices of stocks; traded CFDs on resulting market movements.
Exchange needs to improve six measures over the next 24 months, will contribute costs.
SGX to trial distributed ledger in fixed income trading, settlement.
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