MAS lifts Sing dollar restrictions

NEWS

SINGAPORE -- The Monetary Authority of Singapore has liberalised its Singapore dollar policy, to allow greater participation in its capital markets by international investors and financial institutions.

Restrictions lifted in March include a requirement for Singaporean financial institutions to maintain documentary evidence that Sing dollar FX option transactions with non-resident entities are for hedging purposes.

Cross-currency repos, cross-currency swaps and asset swaps may also now be tra