Singapore Hosts Regulators Forum on Risk Management

23 October 1999... The Monetary Authority of Singapore (MAS) and the International Swaps and Derivatives Association (ISDA) jointly hosted the MAS-ISDA forum in Singapore on 22 to 23 October 1999. The forum was opened by Mr Tharman Shanmugaratnam, Deputy Managing Director, MAS, and Mr Ernest T. Patrikis, Senior Vice-President and General Counsel, AIG and ISDA Director. Topics discussed this year included the supervision of risk management and the evolution of techniques used to manage risks.

At the end of the two-day forum, there was a broad agreement among the participants to continue the dialogue and exchange of views among the regulators and the derivatives industry to promote informed understanding and treatment of issues relating to swaps and other derivatives not transacted on exchanges.

Participants in the Singapore meeting included financial regulators from seven¹ Asian jurisdictions, the MAS and representatives of the over-the-counter (OTC) derivatives industry. The aim of this forum is to encourage greater understanding and exchange of views on areas of mutual interest.

China and Hong Kong SAR, India, Indonesia, Japan, Malaysia and Thailand.