Singapore bids to be Asian derivatives and clearing hub

Asian migration

Singapore lion

In the wake of new derivatives and clearing reforms in the US and impending reforms in Europe, Singapore is ramping up its efforts to broaden its exchange-traded and centrally cleared products in a bid to pull business to Southeast Asia.

In the largest financial system overhaul in the past 30 years, the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into US law on July 21, 2010, means that standardised derivatives will have to be traded on exchanges or swap execution facilitie

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