MAS proposes to amend laws to allow trade reporting of counterparty name
Consultation on the reporting of derivative contracts includes a reporting threshold for non-financial persons and collateral reporting requirements
The Monetary Authority of Singapore (MAS) is proposing to amend laws to provide clarity on the ability for Singapore licensed banks to report over-the-counter derivative trades to trade repositories.
In a consultation paper released by MAS on June 26 on the reporting of derivative contracts, MAS said it is "considering legislative changes to allow banks to report client identity in OTC derivatives transactions without breaching banking confidentiality".
Singapore licensed banks are subject to
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