Media Releases
Published Date: 17 December 2014

Comment by MAS Spokesperson on the Delayed Opening of SGX’s Markets

Singapore, 3 December 2014 … In response to media queries on the delayed opening of SGX’s securities markets, the MAS Spokesperson said that MAS has registered its disappointment and concerns with SGX over the delayed opening of its securities market caused by a software defect.  The lapse is unacceptable, coming within weeks of the recent power breakdown on 5 Nov. 

The MAS spokesperson reiterated that MAS has instructed SGX Board and CEO to do a thorough review to address the shortcomings that led to the lapse and that MAS will not hesitate to take supervisory actions against SGX if necessary.