Analysis: Libor after-effects hit Singapore NDF market

05/7/2013 | Reuters

In the wake of investigations into the alleged manipulation of the London Interbank Offered Rate, the Monetary Authority of Singapore instructed banks to examine how they set rates on currency and interest. The reviews reportedly have had a large effect on the non-deliverable forward currency market, as banks suspended many NDF and interest-rate traders as a result of those investigations, according to people with knowledge of the situation.

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