Jacqueline Loh: The changing world

Keynote speech by Ms Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore, at The World Federation of Exchanges General Assembly and Annual Meeting, Singapore, 9 October 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
11 October 2019

Mr. Loh Boon Chye, Chief Executive Officer, Singapore Exchange (SGX),

Dr. Urs Ruegsegger, Chairman, The World Federation of Exchanges,

Ms. Nandini Sukumar, Chief Executive Officer, The World Federation of Exchanges,

Ladies and gentlemen, good morning.


1     Let me begin by welcoming you to Singapore for the World Federation of Exchanges 59th General Assembly and Annual Meeting.

2     Exchanges have a long and illustrious history, dating back to the establishment of the Amsterdam Stock Exchange from as early as 1602. Four centuries on, exchanges continue to play a crucial role in facilitating trade and disseminating information, enabling companies to raise capital, and providing investors with a fair, orderly, and transparent marketplace to trade financial assets and carry out risk management activities. 

3     The World Federation of Exchanges ("WFE") has played a critical role in promoting the development of organised and regulated markets to meet the world's capital raising needs. As the leading global industry group for exchanges and clearing houses, the WFE has actively pushed for greater industry collaboration and international regulatory coherence to make public markets more vibrant and robust.