A major revamp is on the cards following the Monetary Authority of Singapore’s review on the banks rate-setting process, which found that 20 banks had been rigging key financial rates. On the revamp, SMU Vice President (Business Development and External Relations) and Associate Professor of Finance Annie Koh said that there are now different sources. Instead of one indicative price from a bank, there is now a mix. “People will become more diligent and responsible, and that's called a traded platform" she added.