Singapore: Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision
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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. 2013/342
Subject:
Banking Credit Credit risk Financial regulation and supervision Liquidity risk Market risk Money Operational risk Stress testing
English
Publication Date:
December 5, 2013
ISBN/ISSN:
9781475530957/1934-7685
Stock No:
1SGPEA2013005
Pages:
245
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