LCH.Clearnet, the London Stock Exchange-controlled clearing house, has secured regulatory approval to operate in Singapore as it seeks to benefit from regulatory changes there.
The firm said in a statement on February 1 that it had been granted full clearing house status with the Monetary Authority of Singapore for its SwapClear unit - the world's largest clearer of interest rate swaps - its foreign exchange unit ForexClear and its EnClear freight division.
