MAS announces key initiatives to support SORA adoption

07 Aug 2020

In line with the global shift by major financial centres to risk-free rate-centred approach for interest rate benchmark in expectation of the demise of the scandal tainted USD LIBOR next year, MAS has announced several initiatives to support the adoption of SORA which is administered by MAS.  They complement the industry-led transition roadmap from SOR – the current benchmark used to price derivatives and business loans in Singapore which uses LIBOR in its computation – to SORA set out by the Steering Committee for SOR Transition to SORA, to develop vibrant and robust SORA markets.
 
This article highlights these key initiatives.

Please click here to read more about the update.