MAS brings Singapore regulations in line with global rules on OTC derivatives


The need to bring fundamental change to the way over-the-counter derivatives are cleared was emphasised by the Group of 20 (G-20) leaders at the September 2009 Pittsburgh Summit when they mandated that all standardised OTC derivatives contracts “should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end-2012 at the latest. OTC derivative contracts should be reported to trade repositories.”  Politicians i