Monetary Authority of Singapore

HSBC and Standard Chartered were among 20 banks at which 133 traders tried to manipulate the Sibor in the city state, MAS said in a statement yesterday.

Singapore censures banks for rate rigging

The Monetary Authority of Singapore censured banks for trying to rig benchmark interest rates and ordered them to set aside about S$12 billion (HK$74.4 billion) at zero interest pending measures to improve internal controls.