Brexit relief aids Singapore on EU swaps trading equivalence
Sources say decision imminent, but Singapore venues may still face EU licensing requirements
The European Commission’s (EC) long-awaited equivalence decision on Singapore’s swaps trading venues could come within the next few weeks, helping to maintain a global liquidity pool that includes Asian and European players, according to three people familiar with the situation.
Equivalence will also ease the way for the Monetary Authority of Singapore to implement its own trading obligation, which will require market participants to trade affected instruments on a Singapore-regulated or
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