FX Global Code of Conduct Recognised by Singapore Monetary Authority

[kreslik.news]

The Monetary Authority of Singapore (MAS) has today confirmed its commitment to adhere to the FX Global Code of Conduct. Almost a year after the publication of the document by the Bank of International Settlements, the financial watchdog decidedly signaled that it expects its counterparts to be bound by the rules dictated by the new framework that governs FX transactions globally.

Singapore is one of the biggest FX centers globally and is notorious with its strict regulatory framework. The voluntary commitment to the FX Global Code of Conduct has left many industry participants watching and waiting how ... (read more)