ABS, SFEMC, SC-STS launch consultation paper on SIBOR to SORA transition

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No It aims to make SORA the main interest rate benchmark for SGD financial markets. The Association of Banks in Singapore (ABS), the Singapore Foreign Exchange Market Committee (SFEMC), and the Steering Committee for SOR Transition to SORA (SC-STS) have issued a consultation report on discontinuing the SGD Singapore Interbank Offered Rates (SIBOR) and to shift into using the Singapore Overnight Rate Average (SORA). read more