Monetary Authority of Singapore (MAS)
FastMatch sets up matching engine in Singapore
The ECN looks to diversify its product and client base by plugging into the city-state’s FX infrastructure effort
Citi sets up pricing engine in Singapore
Move by US bank consolidates city-state’s position
MAS and SGX develop DvP for digital assets
This will shorten settlement cycles and simplify post-trade processes
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
Singapore aims to become e-FX hub for Asia, says Loh
Speaking at FX Week Asia, MAS’s Jacqueline Loh says Singapore wants more price discovery to take place
FX volumes rebound in London and New York
Semi-annual surveys of seven major central banks show FX activity in the US and UK rising by 7%
Singapore to play leading role in GCC adherence, Loh says
Speaking at FX Week Asia, Jacqueline Loh stressed the importance of adherence to the FX Global Code of Conduct
MAS looks to overhaul payment systems
City state has access to some of the most advanced payment systems, but cash and cheque usage remains high
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
RBI and BIS gain access to China's interbank FX market
Second batch of official investors receive permission to trade FX spot and derivatives onshore; MAS and BoK are among them
BNY Mellon chooses Singapore for new FX dealing room
Keon Ho Kang leads a nine-strong team focusing on G-10 currencies as BNY Mellon looks to tap increasing demand for FX in Singapore
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for the Chinese currency in July – latest step in growth of offshore market
Deutsche-MAS allegations may go back five years
Monetary Authority of Singapore says it is in touch with Deutsche Bank over its investigation of improper communications between the two, which could be as old as five years
Corporates and investors need confidence to tap offshore RMB, say banks
As the internationalisation of renminbi continues to gain traction, buy-side engagement in the currency varies significantly across geographies and sectors
FX benchmark probes leave buy side unconcerned
Currency managers remain comfortable using FX benchmarks despite widespread investigations into the practice, with some questioning how benchmarks could be manipulated
Dual reporting requirements in Asia cause concern
While Singapore will mandate single-sided trade reporting, regulators in Australia and Hong Kong will follow the European Union’s requirement for dual reporting, leading to concerns among market participants
MAS overhauls benchmarking practices
Twenty banks found to have deficient procedures in place after a year-long review of benchmark submissions
MAS warns on fragmented clearing and reporting
Asian financial markets have made progress in setting up CCPs and trade repositories, but greater harmonisation is needed across borders, Singaporean regulator warns
Singapore eyes regional hub status for offshore RMB
Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China
Australian regulators clamps down on leveraged forex trading
Australia joins global regulators to roll out rules protecting retail foreign exchange client assets
Next economic crisis to come from pension funds
Unregulated pension fund industry will be a systemic concern
MAS tests new rules for margin FX trading
Singapore looks to reduce over-leveraging by retail FX traders
DTCC expands repository footprint into Asia
The DTCC this week unveiled a data centre in Asia to support global reporting but the October launch of its FX repository may slip as a result of CFTC delays, the firm has warned
Singapore’s FX exemption welcomed as a sign of global consistency
A proposal by the Monetary Authority of Singapore to exempt FX swaps and forwards from mandatory clearing is seen as a positive move to harmonise treatment of FX with the US