MAS commits to Foreign Exchange Global Code

The code promotes a robust, fair, liquid, open, and transparent FX market.

The Monetary Authority of Singapore (MAS) affirmed its commitment to the Foreign Exchange Global Code developed by the Bank for International Settlements (BIS).

“MAS will adhere to the principles of the code when acting as a market participant and ensure that its internal practices and processes are aligned with these principles,” the central bank said in an announcement.

The code applies to the wholesale foreign exchange (FX) market globally. MAS noted that it sets out principles that promote a robust, fair, liquid, open, and appropriately transparent FX market, underpinned by high ethical standards.

It was developed through a collaborative process between the BIS’s Foreign Exchange Working Group and private sector market participants.

“MAS also strongly encourages wholesale FX market participants in Singapore to demonstrate adherence to the code, to promote the integrity and effective functioning of the global FX Market,” it added.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia