SGX and ASIC Play it Safe During Coronavirus Epidemic

[mlawson71]

The coronavirus pandemic is ravaging the world but some entities and regulators are doing their best to encourage, if not ensure, economic stability in the midst of the crisis.

One such example is the , the Singapore Exchange (SGX), which launched a $3.5 million aid campaign facilitating the local financial community. This sum will be spread out over the next year to ensure a smooth partition.

The idea is to support the city-state’s place in the financial industry so they wouldn’t be as vulnerable to crisis in the stock market.

The Australian regulator ASIC, in the meantime, is working to ensure the stability of the Australian equity market by issuing a limit to the daily executable trades that large equity market participants do.

Source

This may have a positive results in the short term but what will be the long term impact of this crisis?

[7bledin]

It's cool that companies create more loyal conditions for their clients and support them in the crisis period... This is exactly what gives confidence that everything will be in perfect order. 

[Burinis]

I don't know, but it seems to me that everything is gradually getting better... 

[mlawson71]

Are you referring to the pandemic or the market?