Why MAS did not sign ARFP deal: exclusive

Singapore’s central bank and financial regulatory authority, MAS, has explained to AsianInvestor why it declined to sign up to the pending Asia Region Funds Passport (ARFP) scheme. Officials from the city-state surprised market commentators when they opted not to sign a statement of understanding (SOU) at the Apec finance ministers meeting in Cebu, the Philippines, on September 11. Six nations did sign up including Japan, as reported. Singapore had been part of the original grou…