Singapore : Report on the Observance of Standards and Codes

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

November 14, 2013

Electronic Access:

Free Full text (PDF file size is 571 KB).Use the free Adobe Acrobat Reader to view this PDF file

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:

English

Publication Date:

November 14, 2013

ISBN/ISSN:

9781475520309/1934-7685

Stock No:

1SGPEA2013002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

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