MAS ‘front-loads’ interest rate benchmark reform effort


The Monetary Authority of Singapore will outline new “specific deadlines” to cease the usage of its current interest rate benchmark, as it looks to fast-track reform.

Speaking on September 9, deputy governor Jacqueline Loh said the central bank will be issuing guidance in October to ensure banks “move in a concerted way” towards transitioning.

“With the end-2021 deadline approaching, it is not prudent for banks and end-customers to enter into new Sor contracts that mature beyond end-2021,” she

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