Singapore regulator joins in global benchmark manipulation probe

The Monetary Authority of Singapore (MAS) has issued a statement stating that it is prepared to cooperate with regulators elsewhere investigating alleged manipulation of forex benchmark trading rates.

MAS has become the second Asian regulator to make an official statement and the move follows the Hong Kong Monetary Authority’s announcement on October 16 that it was speaking to banks under its jurisdiction and other regulators about allegations relating to global currency rate fixing that first s