Global Correspondence
GFMA Submits Comments to the Monetary Authority of Singapore on Proposed Regulation of OTC Derivatives
GFMA provides comments to the Monetary Authority of Singapore (MAS) the consultation paper issued regarding the proposed regulation of OTC Derivatives. Many of the current legislative and regulatory reforms will have a significant impact upon the operation of the global foreign exchange (FX) market and we feel it is vital that the potential consequences are fully understood and that new regulation improves efficiency and reduces risk, not vice versa.
