European Parliament Library

Singapore :, Report on the Observance of Standards and Codes

Abstract
This paper discusses findings of the Report on Observance of Standards and Codes on Singapore. The Monetary Authority of Singapore (MAS) shows a very high level of compliance with the Basel Core Principles and demonstrates a strong commitment by MAS to their implementation. As a large financial center, MAS is well aware of the risks posed by a financial system that is significantly larger than the economy of Singapore, and comprised primarily of branches of foreign institutions operating in non-Singapore dollars. MAS has also set a high standard for approving foreign entrants, applying the same prudential framework to foreign branches as to its own locally incorporated banks
Table Of Contents
Cover; CONTENTS; GLOSSARY; BASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION; A. Introduction; B. Background Information and Methodology Used; C. Overview of the Institutional Setting and Market Structure; D. Preconditions for Effective Banking Supervision; E. Main Findings; TABLES; 1. Singapore: Summary Assessment of the Basel Core Principles; F. Recommended Actions; 2. Recommended Actions to Improve Compliance with the Basel Core Principles; G. Authorities' Response to the Assessment; CPSS-IOSCO PRINCIPLES FOR FINANCIAL MARKET INFRASTRUCTURES; A. Introduction
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (71 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780147551542

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