Analysis: Libor aftereffect hits Singaporean NDF market

05/7/2013 | Reuters

In the wake of investigations into 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 review reportedly has had a large effect on the nondeliverable-forward currency market, with banks suspending many NDF and interest-rate traders, sources say.

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