12 Jun '13, 2pm

Singapore Regulator Said to Plan Bank Reprimand on Rates via @BloombergNews

Singapore Regulator Said to Plan Bank Reprimand on Rates via @BloombergNews

Singapore’s central bank plans to reprimand banks in the city-state as early as Friday following an 11-month review into how benchmark interest rates are set, five people with knowledge of the matter said. The Singapore Foreign Exchange Market Committee, which includes the Monetary Authority of Singapore and banks, plans to separately announce changes to the rate-setting process on the same day, two of the people said yesterday, asking not to be identified before the announcements are made. The island nation’s review into possible manipulation of the Singapore interbank offered rate follows a global crackdown on rigging of benchmark borrowing costs by banks and brokers. Barclays Plc (BARC) , UBS AG and Royal Bank of Scotland Group Plc (RBS) were fined $2.5 billion to settle claims with U.S. and U.K financial regulators. A British markets supervisor is considering opening a...

Full article: http://www.bloomberg.com/news/2013-06-12/singapore-regula...

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Singapore Censures Banks Over Rates

online.wsj.com 14 Jun '13, 1pm

SINGAPORE—Singapore's central bank censured 20 global banks Friday over allegations that traders tried to manipulate local...

Singapore Censures Banks Over Rates

online.wsj.com 14 Jun '13, 4pm

SINGAPORE—Singapore's central bank censured 20 global banks Friday over allegations that traders tried to manipulate local...

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Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates

Singapore Censures 20 Banks for Attempts to Rig...

bloomberg.com 14 Jun '13, 11am

Singapore’s monetary authority censured banks for trying to rig benchmark interest rates and ordered them to set aside as ...

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Singapore raps 20 banks for trying to rig rates

money.cnn.com 14 Jun '13, 2pm

Singapore's investigation into banks was triggered by the Libor-rigging scandal last year. LONDON (CNNMoney) Singapore has...