Achieving a robust and vibrant securities market

THE Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) have over the past year introduced several new measures to strengthen the securities market. In part, these measures are in response to various concerns raised about the market, including market irregularities, low trading volumes, and paucity of good listings on SGX. The measures have benefited from extensive consultations with different stakeholders.

They broadly aim to achieve a robust and vibrant securities market, where companies can raise capital efficiently, investors can pursue their financial objectives, and intermediaries can serve their customers' needs effectively. While it is only natural that various stakeholders will have differing views, it is important to seek common ground and find solutions for the greater good of the market.

As a regulator, MAS's role is to provide a sound framework within which market discipline, enterprise, and innovation can thrive. In regulating and developing the capital markets, we have to strike a balance among competing interests.