The International Swaps and Derivatives Association (ISDA), on behalf of 20
industry participants, has submitted a letter to the Monetary Authority of Singapore (MAS) to drive trade reporting of over-the-counter (OTC) derivatives in Singapore ahead of the mandatory reporting timeline of April 1, 2014. As key participants in the OTC
derivatives sector in Singapore, the signatories to the letter commit to begin trade reporting of OTC derivatives by February 3, 2014 for standardised interest rate and credit derivatives transactions.
MAS welcomed the initiative on the part of ISDA and the signatory banks to commence trade reporting of OTC interest rate and credit derivatives in Singapore ahead of the mandatory timeline of 1 April 2014.
© Finextra Research 2014