IMF Staff Country Reports

Singapore : Financial System Stability Assessment

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

July 15, 2019

Electronic Access:

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Summary:

Singapore is a small and very open economy and a major financial center. The financial system is highly integrated into international financial markets and serves as an important regional financial hub. After a period of subdued economic activity, growth accelerated in 2017–18, but is expected to moderate in 2019. To strengthen long-term growth prospects, amid population aging, the government is pursuing a strategy to transform the economy by harnessing emerging digital technologies. In the financial services area, this strategy has put Singapore at the forefront in fintech.

Series:

Country Report No. 19/224

Subject:

Bank liquidity Central Banks External sector Financial crises Financial institutions Financial markets Financial soundness indicators Macroprudential policies and financial stability