SFEMC

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 was established in 1986 to foster growth and development of Singapore, with specific focus on foreign exchange, money markets, fixed income and derivatives markets... The SFEMC also works closely with the Association of Banks in Singapore, the Singapore Money Brokers Association (SMBA), the Financial Markets Association of Singapore, the Investment Management Association of Singapore, the Association of Corporate Treasurers (Singapore), as well as other similar committees involved in financial markets.