SINGAPORE: Singapore Exchange (SGX) has again been recognised as the “Exchange of the Year” in the 3rd Regulation Asia Awards for Excellence 2020. This is the third time SGX has received the accolade.
The 2020 award recognised SGX’s achievements in sustainability and innovation. Cited in the award were SGX’s initiatives to boost awareness of ESG and sustainability issues. Among others, SGX reviewed companies’ sustainability disclosures to identify areas for improvement, held discussions and focus groups to understand financial institutions’ needs regarding ESG, and increased investor awareness and understanding of sustainability disclosures.
Other factors a panel of industry experts serving as judges for the award cited were SGX’s investment in AI to improve market surveillance and its sensitivity to market needs amid COVID-19 including helping companies in respect of financial results announcements and the holding of AGMs.
“COVID-19 brought a new set of challenges and we are honoured to be recognised for rising above these to help companies, investors and the marketplace as a whole. Sustainability and technology are very much our focus; we have invested much effort and resource in both. These will help build a marketplace where long-termism dominates, and where the spirit, rather than just the letter, of the law and rules prevails,” said Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo).