MAS aims to move OTC derivatives trading to ‘organised market’
Plan would require around 80% of interest rate swaps to be executed on centralised facilities
The Monetary Authority of Singapore has proposed regulations to require over-the-counter derivatives to be traded in “organised markets”, aiming to “improve market transparency”.
The consultation, issued on February 21, marks the final stage of Singapore’s implementation of G20 OTC derivatives reforms and follows similar trading obligations implemented by the US and European Union regulatory authorities in February 2014 and January 2018, respectively.
In this latest regulatory push, the MAS
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