Singapore: Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision

 
 
Publication Date: December 05, 2013
 
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Summary: This paper discusses key findings of the Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision on Singapore. The assessment of the Monetary Authority of Singapore (MAS) represents a very high level of compliance with the Basel Core Principles for Effective Banking Supervision and demonstrates a strong commitment by MAS to their implementation. MAS is well aware of the risks posed by a financial system that is significantly larger than the economy of Singapore. 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. 13/342
Subject(s): Basel Core Principles | Bank supervision | Banking sector | Financial Sector Assessment Program | Reports on the Observance of Standards and Codes | Singapore

 
English
Publication Date: December 05, 2013
ISBN/ISSN: 9781475530957/1934-7685 Format: Paper
Stock No: 1SGPEA2013005 Pages: 245
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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