Singapore: Financial System Stability Assessment

November 14, 2013

Preview Citation

Format: Chicago

Singapore: Financial System Stability Assessment, (USA: International Monetary Fund, 2013) accessed December 22, 2024

Summary

This paper discusses key findings of the Financial System Stability Assessment on Singapore. The Singapore financial system is highly developed, and well regulated and supervised. Singapore’s current regulation and supervision are among the best globally. The Monetary Authority of Singapore (MAS) oversees the entire financial system, and has the analytical and operational capabilities to do so effectively. Singapore is exposed to a broad array of domestic and global risks, especially in light of its interconnectedness with other financial centers. Stress tests suggest that these risks are manageable. This reflects the decisive macroprudential actions taken by MAS to address the threat of a bubble in the housing sector.

Subject: Banking, Basel III, Capital adequacy requirements, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Foreign banks, Money

Keywords: Asia and Pacific, Banking sector, Banking system, Basel III, Capital adequacy requirements, Capital base, Capital ratio, Central bank, Commercial banks, CR, Credit, Credit risk, Foreign banks, Foreign currency, Global, Housing market, Hurdle rate, Interest rate, ISCR, Market share, Nominal GDP, Parent bank, U.S. dollar

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/325
Stock No:

1SGPEA2013001
ISBN:

9781475513431
ISSN:

1934-7685

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