Singapore Foreign Exchange Market Committee (SFEMC)

Singapore Foreign Exchange Market Committee (SFEMC) aims to foster growth of the Singapore financial market as a leading international centre for transactions in foreign exchange, money market, fixed income and derivatives instruments.
 
The objectives of Singapore Foreign Exchange Market Committee (SFEMC):

To foster the growth and development of the treasury market in Singapore;

To enhance the stature and reputation of the Singapore markets by promoting high standards of professional conduct and competencies;

To discuss technical issues and recommend appropriate standards and codes for use in the market. In this capacity, the Committee is responsible for the Singapore Guide to Conduct and Market Practices for Treasury Activities (“Blue Book”);

To serve as a channel of communication amongst market participants and the Monetary Authority of Singapore (MAS); and

To mediate disputes among market participants where the parties involved agree to such mediation.

The Committee also works closely with the Association of Banks in Singapore, the Singapore Investment Banking Association, the Singapore Money Brokers Association, ACI Singapore – The Financial Markets Association and Committees of similar nature, locally and globally, involved in the financial market

The above introduction has been taken from The Singapore Foreign Exchange Market Committee or SFEMC's official site which can be visited at http://www.sfemc.org/.


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