European Parliament Library

Singapore :, Financial System Stability Assessment

This paper discusses key findings of the Financial System Stability Assessment on Singapore. The Singapore financial system is highly developed, and well regulated and supervised. Singapore’s current regulation and supervision are among the best globally. The Monetary Authority of Singapore (MAS) oversees the entire financial system, and has the analytical and operational capabilities to do so effectively. Singapore is exposed to a broad array of domestic and global risks, especially in light of its interconnectedness with other financial centers. Stress tests suggest that these risks are manageable. This reflects the decisive macroprudential actions taken by MAS to address the threat of a bubble in the housing sector
Table Of Contents
Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; TABLES; 1. Key Recommendations; FINANCIAL SYSTEM STRUCTURE AND RISKS; RESILIENCE TO RISKS; A. Banks-General; B. Banks-Interconnectedness; C. Insurance; D. Capital Market Intermediaries and Transactions; E. Financial Market Infrastructures; FINANCIAL OVERSIGHT; A. Systemic Liquidity Risks and Management; B. Macroprudential Oversight; C. Microprudential Oversight; CRISIS MANAGEMENT AND RESOLUTION; A. Institutional Arrangements; B. Toolkit; C. Cross-Border Cooperation; BOXES; 1. Stress Test Scenarios for Banks
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
Form Of Item

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