Singapore correct not to impose OTC trading mandate
Liquidity issues mean the MAS is right not to bring in Sef trading
The Monetary Authority of Singapore's (MAS) February decision not to impose a trading mandate for over-the-counter derivatives was correct given existing liquidity issues and the limited extent of market development compared with the US, according to panellists at a conference in Hong Kong yesterday.
While the US mandated the trading of certain classifications of OTC derivatives on swap execution
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