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The Role of a Financial Futures Exchange

In: RESILIENCE DYNAMISM TRUST 50 Landmark Statements by MAS Leaders

Author

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  • J.Y. Pillay

Abstract

MAS has been closely associated with the Singapore International Monetary Exchange (SIMEX) from the outset. Uniquely, notwithstanding our role as regulator, we deployed two of our senior officers, Mr Ng Kok Song and Mr Koh Beng Seng, to serve on the board of SIMEX. Both of them, especially Mr Ng, worked strenuously to widen the range of contracts offered; strengthen links with exchanges overseas, particularly the Chicago Mercantile Exchange, or CME; expand membership and boost the level of activity. I am grateful to those two officers for their contributions. The fact that they have now withdrawn from active management of SIMEX is a sign that MAS believes that the exchange now rests on strong foundations and that the private sector is fully competent to run the show. May I congratulate Mrs Elizabeth Sam on her election as chairlady, and wish her, her board and members good fortune, prudence and stability…

Suggested Citation

  • J.Y. Pillay, 2021. "The Role of a Financial Futures Exchange," World Scientific Book Chapters, in: Monetary Authority of Singapore (ed.), RESILIENCE DYNAMISM TRUST 50 Landmark Statements by MAS Leaders, chapter 20, pages 198-203, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811250125_0020
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    More about this item

    Keywords

    Monetary Authority of Singapore; Central Banks; Singapore; Monetary Policy; Fintech;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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