1.

Record Nr.

UNINA9910822746503321

Titolo

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

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4755-6316-7

1-4755-6304-3

1-4755-3102-8

Edizione

[1st ed.]

Descrizione fisica

1 online resource (246 p.)

Collana

IMF Staff Country Reports

Disciplina

332.1/025

Soggetti

Banks and banking - Singapore

Finance - Singapore

Banks and Banking

Finance: General

Money and Monetary Policy

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Financing Policy

Financial Risk and Risk Management

Capital and Ownership Structure

Value of Firms

Goodwill

Financial Institutions and Services: Government Policy and Regulation

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Banking

Financial services law & regulation

Finance

Monetary economics

Market risk

Credit risk

Stress testing

Liquidity risk

Financial regulation and supervision

Credit

Money



Operational risk

Banks and banking

Financial risk management

Singapore

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; GLOSSARY; INTRODUCTION; BACKGROUND INFORMATION AND METHODOLOGY USED; OVERVIEW OF THE INSTITUTIONAL SETTING AND MARKET STRUCTURE; TABLES; 1. Structure of the Banking System as of End-2012; PRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION; SUMMARY OF THE RESULTS; 2. Summary Compliance with the Basel Core Principles; DETAILED PRINCIPLE BY PRINCIPLE ASSESSMENT; 3. Detailed Assessment of Compliance with the Basel Core Principles; RECOMMENDED ACTIONS; 4. Recommended Actions to Improve Compliance with the Basel Core Principles

AUTHORITIES' RESPONSE TO THE ASSESSMENT

Sommario/riassunto

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.