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Singapore clearing mandate timed to avoid US/Europe overlap
With sufficient clearing options now available MAS is ready to set out clearing mandate
![monetary-authority-singapore monetary-authority-singapore](/sites/default/files/styles/landscape_750_463/public/import/IMG/759/186759/monetary-authority-singapore.jpg.webp?h=e5dedfa8&itok=tYPWrJfh)
Singapore is building on the recent agreement it signed with European regulators recognising the equivalence of clearing houses based in the city-state, and has taken steps to start mandating the clearing of certain classes of over-the-counter derivatives.
The Monetary Authority of Singapore released a consultation on July 1 that proposes the clearing of Singapore dollar fixed to floating swaps, linked to Singapore's swap offer rate, and their US dollar equivalents that are fixed to Libor. In
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