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MAS inks MOU to allow financial benchmarks to be used in EU

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
MAS inks MOU to allow financial benchmarks to be used in EU
"This will promote greater cross-border connectivity between our respective financial markets to the benefit of both regions,” says Ong Chong Tee, deputy managing director of financial supervision at MAS.
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SINGAPORE (Apr 19) The Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) with the European Union’s (EU) securities markets regulator, completing the process to allow the use of Singapore’s financial benchmarks in the EU.

The MOU was signed between MAS and the European Securities and Markets Authority (ESMA) on April 17.

Under the MOU, ESMA and MAS will share information and supervisory activities on Singapore-regulated financial benchmarks.

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