New margin rules coming for uncleared OTC derivatives
Move is part of global reforms and will reduce counterparty risk: MAS
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Singapore
THE Monetary Authority of Singapore (MAS) said on Thursday that it plans to impose new margin rules for "uncleared" over-the-counter (OTC) derivatives, in a bid to reduce the build-up of systemic risk arising from such instruments.
This will be done in phases beginning with the banks, it said.
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