Singapore Creates Group to Boost Market Stability Weeks After Glitch
- Securities Industry Working Group to report by early next year
- Committee will review SGX’s back-up systems and processes
This article is for subscribers only.
Singapore Exchange Ltd. said it has formed a committee to look at ways to improve the operational resiliency of its markets.
SGX created the Securities Industry Working Group in consultation with the Monetary Authority of Singapore, it said in a statement Tuesday. The group will be led by Ho Tian Yee, a DBS Group Holdings Ltd. board member. Twelve other people make up the group, including executives from CIMB Securities, Morgan Stanley Asia, the Investment Management Association of Singapore, PricewaterhouseCoopers LLP and SGX. The committee will submit recommendations to the MAS by the first quarter.