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Singapore rates committee says no new SOR swaps post-September

Risk.net
Report calls on market participants to end reliance on SOR in coming quarters
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Banks have been told to stop offering new derivatives contracts tied to Singapore’s swap offer rate, or SOR, by the third quarter of this year, in a new transition plan unveiled on March 31.
A report published by the Steering Committee for SOR and Sibor Transition to Sora proposed that financial institutions should cease the use of SOR no later than the end of September this year, except for the purpose of risk managing existing positions linked to the outgoing benchmark.
The announcement is ....

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MAS shakes up senior management - Central Banking

Central Banking
George Johnson
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The Monetary Authority of Singapore (MAS) on March 5 appointed a new deputy managing director of financial supervision, among several other changes to its management team.
Ho Hern Shin, who currently serves as an assistant managing director of banking and insurance, will become head of financial supervision when former chief Ong Chong Tee leaves.
Ong has been serving as deputy managing director at the Singaporean central bank for 16 years. Over that period he has overseen all four of the MAS’s
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MAS urges Singaporeans to use digital 'red envelopes' during Lunar New Year

Central Banking
Hong bao
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The Monetary Authority of Singapore (MAS) is urging Singaporeans to use digital hong bao – monetary gifts given during holidays in Asia – in the coming Lunar New Year celebrations.
Adopting digital hong bao will help reduce queues for physical notes and is more environmentally friendly, the MAS said in a statement on January 11. The move could reduce the carbon emissions generated by the production of new notes for Lunar New Year, estimated to be around 330 tonnes each year.
“The adoption of e
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