ANNUAL REPORT 2002 / 2003


THE FINANCIAL SECTOR - KEY REGULATORY AND SUPERVISORY INITIATIVES

Improved Securities Trading and Clearing Systems

In the securities sector, SGX last year strived to keep pace with demands for innovation by enhancing its trading and clearing infrastructure.

Among the initiatives taken were the extension of the borrowing period for its securities lending facility, and making full order book information on the SGX securities market available to investors on a subscription basis in July 2002.

SGX completed the business and technical architecture design phase of its straight-through- processing initiative in September 2002, and has embarked on the development and implementation phase.

SGX also put in place several other measures:

Several new initiatives being undertaken by the SGX in 2003 include reviewing changes to the rules and bye-laws of its securities trading arm to bring them in line with current market practices and the SFA.

 

Risk-Based Regulatory Regime  Prudential Policies Enhancing MAS' Supervisory Role Greater Consistency in Standards Across Sectors
Building Strong Pillars for Good Corporate Governance  Additional Requirements Building Confidence with Sound Market and Business Conduct
Upholding Professional and Ethical Standards Laying Strong Foundation for Financial Innovation Managing Technology Risks
Improved Securities Trading and Clearing System Safer Settlement System for Foreign Exchange Payment Systems

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