Singapore outlines new OTC derivatives rules
The Monetary Authority of Singapore (MAS) has launched a consultation paper outlining new rules aimed at intermediaries dealing in over-the-counter (OTC) derivatives.
The consultation paper also includes a set of risk mitigation requirements for intermediaries that deal in non-centrally cleared OTC derivatives. Under the reforms, mandatory clearing and reporting of over-the-counter derivatives traded bilaterally will be extended to include OTC derivatives trades executed on a platform.
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