southeast-asian-bourses-agree-to-federation

Southeast Asian bourses agree to federation

Citigroup conference plays facilitator to a proposal to set up a workshop for Asean stock exchanges.
CEOs at the leading stock exchanges in Southeast Asia have agreed to establish a federation for Southeast AsiaÆs bourses, to provide a forum for discussion, cooperation and further integration.

Francis Lim, president and CEO at the Philippine Stock Exchange, brought up the idea at a recent conference in Singapore organised by Citigroup Corporate and Investment Banking entitled Crossing Borders Towards an Integrated Asean Association of Southeast Asian Nations Market The conference supporting cross-border cooperation among Southeast Asian markets was held in Singapore on 19-20 July.

Less than two hours after LimÆs suggestion, the first signs of a cohesive Asean exchanges organisation emerged, with executives from Bursa Malaysia, Jakarta Stock Exchange and Singapore Exchanges agreeing...
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