One step at a time

The Monetary Authority of Singapore’s most recent relaxation of its currency regulations in March should have a positive effect on the Singapore dollar options market, says MAS executive director Ong Chong Tee. Nick Sawyer reports

The Monetary Authority of Singapore (MAS) seems to have refashioned itself as more of a benevolent uncle than a whip-yielding patriarch. In recent years, MAS has worked hard to ease restrictions on the heavily protected Singapore dollar, and has been one of the most proactive authorities in the region in developing and encouraging the city state’s capital market.
And a steady trickle of edicts aimed at slowly relaxing strict controls on the Singapore dollar seem to be working. Since

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