Singapore: Selected Issues
October 9, 2001
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The major objectives of the banking system reform are twofold: first, to continue to gradually open domestic banks to greater competition from foreign banks, and second, for Singapore banks to retain significant domestic market share in this more open environment as well as to become significant participants in the regional market. The authorities have clearly stated that they see the process of mergers and consolidation of the local banks as inevitable, but that they do not intend to force the process.
Subject: Banking, Capital productivity, Economic sectors, Financial markets, Financial sector, Labor productivity, Manufacturing, Production, Securities markets
Keywords: banking sector, bond issue, Capital productivity, CR, credit facilities, currency swap, equity listing, exchange rate, Financial sector, foreign currency, Global, government bond, insider trading, interest rate, ISCR, Labor productivity, Manufacturing, S$ credit facilities, S$ proceeds, Securities markets
Pages:
83
Volume:
2001
DOI:
Issue:
177
Series:
Country Report No. 2001/177
Stock No:
1SGPEA0012001
ISBN:
9781451834192
ISSN:
1934-7685
