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

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

December 5, 2013

Electronic Access:

Free Full text (PDF file size is 1348 KB).Use the free Adobe Acrobat Reader to view this PDF file

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:

English

Publication Date:

December 5, 2013

ISBN/ISSN:

9781475530957/1934-7685

Stock No:

1SGPEA2013005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

245

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