Singapore: Financial System Stability Assessment

April 26, 2004

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Format: Chicago

Singapore: Financial System Stability Assessment, (USA: International Monetary Fund, 2004) accessed September 19, 2024

Summary

Singapore’s financial sector, which is dominated by the banking sector, remains robust despite a series of economic downturns and substantial asset price declines. Economic developments in the past few years have highlighted Singapore’s vulnerability to exogenous shocks, including the outbreak of Severe Acute Respiratory Syndrome (SARS). Systemic liquidity is well managed. Singapore has proactively implemented significant financial sector reforms since 1998. Although it has undergone major structural changes in recent years, Singapore’s financial sector is still dominated by the banking industry.

Subject: Banking, Commercial banks, Corporate bonds, Financial institutions, Foreign banks, Insurance companies, Loans

Keywords: After-tax profit growth, Bank, Bank loan, Commercial banks, Corporate bonds, CR, Foreign banks, Global, Insurance companies, Interest, Interest margin, ISCR, Loan concentration, Loans, Local bank, Non-interest income, Profits from Malaysia, Weighted average capital adequacy ratio

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/104
Stock No:

1SGPEA0022004
ISBN:

9781451834222
ISSN:

1934-7685

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