MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
TEAMWORK - Our Partners
SINGAPORE 2006 INTERNATIONAL MONETARY FUND AND WORLD BANK GROUP ANNUAL MEETINGS
WORKING WITH INDUSTRY
FINANCIAL COOPERATION
WORKING WITH INDUSTRY 46
Dialogues with Professional Associations 46
Singapore Investment Banking Association Equity  
  Derivatives & Structured Products Taskforce 47
Industry Work Group On Securities And  
  Futures Act / Financial Advisers Act Amendments 47
Representative Notification Framework 47
Survey On Compliance Costs 47
Box 11 - MoneySENSE - Taking On A Much Higher Profile 48
Box 12 - Sixth International Advisory Panel Meeting 49
Box 13 - MEPS+: Improving The Efficiency Of Payment  
  Systems And Its Impact On Our Customers 50
Building A World Class Talent Pool for Singapore’s Financial Sector 50
Building A Quality Workforce 51
Attracting Fi nancial Talent 51
Financial Research 51
Box 14 - Overseas Outreach Efforts 52
 

Singapore Investment Banking Association Equity Derivatives & Structured Products Taskforce
The Singapore Investment Banking Association (SIBA) Equity Derivatives and Structured Products Taskforce was set up in October 2005 to review and propose initiatives to further develop the equity derivatives and structured products market. The process concluded in June 2006 with a Taskforce Report outlining 21 recommendations. Among them were that a broader class of structured products should be permitted to be listed on the Singapore Exchange (SGX) and that the process of getting listing approval be streamlined. Since then, both MAS and the industry have been working together to launch these products to add to the diversity and completeness of the warrants product suite in Singapore. In addition, a SIBA Retail Education Committee was formed to identify key retail education initiatives and to enhance the level of retail investor sophistication in Singapore.



OCBC CEO David Conner, MAS Deputy Managing Director Teo Swee Lian, UOB Deputy Chairman and CEO Wee Ee Cheong and Standard Chartered Bank Singapore CE Lim Cheng Teck, at the ABS Banking and Financial Sector National Day Cocktail Reception on 15 August 2006.