Singapore clearing mandate timed to avoid US/Europe overlap

With sufficient clearing options now available MAS is ready to set out clearing mandate

monetary-authority-singapore
MAS: progress on clearing mandate

Singapore is building on the recent agreement it signed with European regulators recognising the equivalence of clearing houses based in the city-state, and has taken steps to start mandating the clearing of certain classes of over-the-counter derivatives.

The Monetary Authority of Singapore released a consultation on July 1 that proposes the clearing of Singapore dollar fixed to floating swaps, linked to Singapore's swap offer rate, and their US dollar equivalents that are fixed to Libor. In

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