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MAS’ Lee outlines ambitions for OTC derivatives market reform

“After more than three years of industry consultations, quantitative impact studies, legislative changes and regulatory drafting, we are finally at the cusp of seeing the first fruits of global OTC [over-the-counter] derivatives regulatory reforms,” says Lee Chuan Teck, assistant managing director of the Monetary Authority of Singapore, at a recent conference in the city-state. Quoting a passage from the communiqué…

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