Asian regulators must harmonise
their stock exchange regulatory and corporate governance
regimes to aid more exchange integration in the region.
Baker & McKenzie’s Sydney-based partner,
Frank Castiglia believes the link-up of stock exchanges in the
Asean [Association of South East Asian Nations] region set a
precedent for the next stage in exchange integration. But he
believes regulators now need to commit more if similar
alliances were to be possible elsewhere.
Regulatory hurdles faced in the proposed New York stock
exchange/ Deutsche Borse merger and the failed union of the
Australian Securities Exchange (ASX) and Singapore Exchange
(SGX) went some way to prove how...