EU close to granting swaps-trading equivalence to Singapore

Planned MAS trading obligation would otherwise seal off local traders from global liquidity

singapore flag - Getty.jpg
It would be the first EU equivalence determination for swaps trading in Asia

The European Commission is gearing up to deem Singapore an equivalent jurisdiction for trading over-the-counter derivatives, on the back of a new trading obligation being drawn up by the city state, according to two sources. This could be essential to prevent the proposed Singaporean rules from isolating the Asian country’s traders from global liquidity pools.

“Discussions I’ve had with the European Commission show they stand prepared to grant equivalence to Singapore,” says one Europe-based

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: