Australia, Singapore Sign MoU on Access To OTC Derivatives Trade Repository Data

On September 17, 2014, the Monetary Authority of Singapore (“MAS”) announced that it had entered into a Memorandum of Understanding (“MoU”) with the Australian Securities and Investments Commission (“ASIC”).

The MAS and ASIC reached this MoU regarding cooperation arrangements to facilitate the access by each of them to information on derivatives contracts held in licensed trade repositories for the purpose of enabling them to fulfill their respective responsibilities and mandates, while ensuring that the privacy of that information is appropriately protected. This will contribute to the transparency, integrity, stability and effective regulation of derivatives markets.

MoU a World-First

The signing ...