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Singapore Foreign Exchange Market Committee (SFEMC)

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Browse past SFEMC media releases and statements on key market developments, from interest rate benchmark reforms to FX market guidance.

Last updated on 10 September 2026

11 December 2020 | Key Financial Industry Committees Set Out Timelines for SIBOR Discontinuation

29 July 2020 | SIBOR Reform and the Future Landscape for SGD Interest Rate Benchmarks

26 March 2020 | GFXC Statement on FX Market Conditions

30 August 2019 | ABS-SFEMC Consults on the Roadmap for Transition of Interest Rate Benchmarks: From SGD Swap Offer Rate (“SOR”) to Singapore Overnight Rate Average (“SORA”)

24 July 2018 | ABS-SFEMC Finalises Proposals on the Evolution of SIBOR

12 Apr 2018 | Launch of the Revised Singapore Guide to Conduct and Market Practices for the Wholesale Financial Markets

04 Dec 2017 | ABS-SFEMC Consultation on the Evolution of SIBOR

25 May 2017 | Joint Statement on the Publication of the FX Global Code: May 2017

27 May 2016 | Joint Statement on the Publication of the FX Global Code - May 2016 Update

30 Mar 2015 | Press Release - Global Preamble – Codes of Best Market Practice and Shared Global Principles

20 Jan 2015 | Joint Statement on the Financial Stability Board’s Foreign Exchange Benchmarks Report

18 Feb 2014 | Singapore Market to Use JISDOR Benchmark

04 Nov 2011 | SFEMC statement on best market practice for unwinding of open positions in relation to MF Global Singapore Pte. Limited

21 Oct 2010 | Recommendations in light of the amend in Chinese Renminbi/US Dollar fixing (CNY SAEC) on 21st October 2010

20 May 2010 | Recommendations in light of the market disruption on THB settlement for 20 and 21st May

17 Mar 2010 | An open letter from the SFEMC to participants in the Singapore financial market

15 Sep 2008 | SFEMC statement on contingent third party information clearing house to facilitate the unwinding of open position

14 Sep 2008 | NYFXC Announcement

01 Aug 2008 | SFEMC statement on Vietnamese Dong fixings

18 Dec 2006 | Statement by SFEMC on Bank of Thailand's reserve requirement on short-term capital inflows

20 Sep 2006 | Recommendation by SFEMC on the settlement of Thai Baht (THB) transactions

Oct 2003 | An open letter from the Singapore Foreign Exchange Market Committee (SFEMC) to participants in the Singapore financial market.

29 Mar 2003 | SFEMC-ABS Joint Statement on SARS

26 Feb 2001 | Guidelines for closing-out outstanding Indonesian Rupiah

03 Sep 1998 | Notes of meeting on settlement of Malaysian Ringgit (MYR) deals