When you have a copycat market you may as well have copycat crimes. If it's good enough for London, it should be good enough for Singapore, too.
But let's think a little more about what sort of crime was committed here. Were some banks in Singapore consistently made to pay artificially high interest rates to other banks for borrowing money from them on the interbank market?
We can assume there were no allegations of traders establishing artificially low rates among themselves, at least not for money actually borrowed. It would raise suspicions of bribery and be more a matter for the Singapore police than the monetary authority. Full story
