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Singapore proposes changes to key financial benchmark SIBOR

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - Singapore published proposals on Monday to improve the way it calculates a key money market rate that is widely used to price various banking products including mortgages.The entities that manage the Singapore Interbank Offered Rates (SIBOR) have asked for feedback from stakeholders on the proposals, which come against the backdrop of a global push to reform financial benchmarks after a number of rigging scandals. The main changes relate to the methodology that banks use to submit inputs for the calculation of SIBOR, the expansion of the transactions used for reference, ...

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First Published: Mon, December 04 2017. 13:52 IST