Singapore - MAS Sets Up Steering Committee to Drive the Interest Rate Benchmark Transition from SGD Swap Offer Rate (SOR) to Singapore Overnight Rate Average (SORA)

The Monetary Authority of Singapore (MAS) announced today the establishment of the Steering Committee for SOR Transition to SORA (SC-STS).  This committee will oversee an industry-wide interest rate benchmark transition from SOR to SORA.

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