The Singapore Exchange (SGX) has strengthened its risk management and regulatory (RMR) team with new appointments including Richard Teng as head of regulation, Kelvin Koh as head of market surveillance and Annie Ong as acting head of enforcement.
Teng joined SGX in 2007 as head of issuer regulation and chief of staff for the RMR team. In his new role, he will support Yeo Lian Sim, chief regulatory officer at SGX, to fulfil and uphold SGX's regulatory standards. Teng's responsibilities will focus specifically on the supervision of issuers, market participants and intermediaries.
In addition, Agnes Siew has been appointed as head of clearing risk and is responsible for the formulation of risk frameworks for new products and services. The former SGX regulatory policy unit has also been expanded to include legal functions related to regulation, to provide a more holistic perspective.
“Sound regulation is integral to the attractiveness of our markets,” said Yeo Lian Sim. “We will maintain the high regulatory standards and effective risk management that are important for our trading and clearing services.”
All changes are due to come into effect on 1 July 2011.
In the last two months, SGX has expanded its fixed income portfolio with government bonds, launched a consultation on opening and closing procedures and reduced its bid sizes in an effort to improve its competitiveness.