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

December 5, 2013

Preview Citation

Format: Chicago

Singapore: Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2013) accessed December 26, 2024

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.

Subject: Banking, Credit, Credit risk, Financial regulation and supervision, Liquidity risk, Market risk, Money, Operational risk, Stress testing

Keywords: Banking group, CR, Credit, Credit risk, Credit risk, Global, ISCR, Liquidity risk, Market risk, Operational risk, Risk management, Risk profile, Senior management

Publication Details

Pages:

245
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/342
Stock No:

1SGPEA2013005
ISBN:

9781475530957
ISSN:

1934-7685

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