European Parliament Library

Singapore :, Report on the Observance of Standards and Codes

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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (71 p.)
Specific Material Designation
Form Of Item

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