SINGAPORE, July 19 ― The Monetary Authority of Singapore (MAS) said today it is examining the setting of interest rate benchmarks by financial institutions operating in the city-state as central banks worldwide scrutinise the troubled Libor process.
“Regulators in several international financial centres are looking into the setting of key market interest rate benchmarks by banks. MAS is doing the same in Singapore,” a spokeswoman said in an emailed statement. Full story
