The Singapore Foreign Exchange Market Committee (“SFEMC”) aims to foster the growth and development of Singapore as a leading global financial centre in Asia, with specific focus on foreign exchange, money markets, fixed income and derivatives markets.
Its specific objectives are to:
The SFEMC is responsible for the Singapore Guide to Conduct and Market Practices for the Wholesale Financial Markets (“Blue Book”).
The SFEMC is also a member of the Global Foreign Exchange Committee (“GFXC”), and oversees the promotion and maintenance of the FX Global Code (“Code”) and associated adherence mechanisms in Singapore.
The SFEMC also works closely with the Association of Banks in Singapore, the Singapore Money Brokers Association (SMBA), the ACI Singapore, the Investment Management Association of Singapore, the Association of Corporate Treasurers (Singapore), as well as other similar committees involved in financial markets.