Singapore: Report on the Observance of Standards and Codes

Publication Date: November 14, 2013
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Summary: 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.
Series: Country Report No. 13/326
Subject(s): Basel Core Principles | Banking sector | Bank supervision | Capital markets | Securities regulations | Securities markets | Insurance | Reports on the Observance of Standards and Codes | Singapore

Publication Date: November 14, 2013
ISBN/ISSN: 9781475520309/1934-7685 Format: Paper
Stock No: 1SGPEA2013002 Pages: 70
US$18.00 (Academic Rate:
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