The Singapore central bank’s equities market review group is targeting to complete a report recommending measures to develop the local market by August, a year after it was set up for the purpose.
According to Gan Kim Yong, chairman of the Monetary Authority of Singapore (MAS), the group may provide updates and recommendations in phases before then.
Gan, who is also Singapore’s deputy prime minister, was responding to a parliamentary question about the group’s timeline for the report. His reply was posted on the central bank’s website on January.
The review group is chaired by Chee Hong Tat, the second minister for finance, and is supported by an enterprise and markets workstream, and a regulatory workstream.
The enterprise and markets workstream focuses on ways to encourage listings, increase investor participation and improve trading liquidity.
The regulatory workstream aims to streamline the regulatory framework and bolster corporate governance standards.