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Singapore on track to SORA transition despite market volatility

Covid-19 outbreak likely an impetus for banks to complete its transition

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Amid the recent turmoil in the financial markets, Singapore is still looking to build active derivatives trading off a transition benchmark rate - known as the Singapore Overnight Rate Average (SORA) - by the end of this year.

Singapore

AMID the recent turmoil in the financial markets, Singapore is still looking to build active derivatives trading off a transition benchmark rate - known as the Singapore Overnight Rate Average (SORA) - by the end of this year.

The Republic remains on track to make the...