06369oam 22014534 450 991079071550332120230803022737.01-4755-6564-X1-4755-1993-11-4755-3172-9(CKB)2550000001180104(EBL)1588597(SSID)ssj0001168180(PQKBManifestationID)11639245(PQKBTitleCode)TC0001168180(PQKBWorkID)11132656(PQKB)10925546(MiAaPQ)EBC1588597(Au-PeEL)EBL1588597(CaPaEBR)ebr10825509(CaONFJC)MIL560218(OCoLC)867928702(IMF)1SGPEE2013008(IMF)1SGPEA2013008(EXLCZ)99255000000118010420020129d2013 uf 0engurcnu||||||||txtccrSingapore : Detailed Assessment of Observance-Assessment of Observance of the CPSS-IOSCO Principles for Financial Market InfrastructuresWashington, D.C. :International Monetary Fund,2013.1 online resource (301 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4755-6559-3 1-306-28967-X Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; I. BACKGROUND, KEY FINDINGS AND FOLLOW UP; A. Introduction; B. Methodology and Information Used for the Assessment; C. Overview of Clearing and Settlement Landscape; FIGURES; 1. Landscape of FMIs in Singapore; 2. Organization Structure Group; TABLES; 1. Cleared Volumes CDP; 2. Cleared Volumes SGX-DC; D. Key Findings and Follow up for CDP-CCP; 3. Ratings Summary of CDP-CCP; E. Key Findings and Follow up for SGX-DC; F. Key Findings and Follow up for MAS; 4. Ratings Summary of SGX-DC5. Ratings Summary Responsibilities of the MASG. Recommendations for CDP-CCP; H. Recommendations for SGX-DC; I. Recommendations for the MAS; II. DETAILED ASSESSMENT FOR CDP-CCP; III. DETAILED ASSESSMENT FOR SGX-DC; IV. DETAILED ASSESSMENT RESPONSIBILITIES AUTHORITIES; V. AUTHORITIES' RESPONSE; APPENDIXES; 1. Organization Chart of SGX; 2. Risk Governance Structure SGXThis paper discusses key findings of the Detailed Assessment of Observance of the Committee on Payment and Settlement Systems–International Organization of Securities Commissions Principles for Financial Market Infrastructures(FMIs) in Singapore. Singapore has a well-developed payment, clearing, and settlement infrastructure, which includes two central counterparties for financial products. The infrastructure includes a large value payment system operated by the central bank and securities and derivatives clearing and settlement systems operated by the Singapore Exchange Limited. The FMIs in Singapore are subject to effective regulation, supervision, and oversight of the Monetary Authority Singapore (MAS). The legal framework provides the MAS with sufficient powers to obtain timely information and induce change.IMF Staff Country Reports; Country Report ;No. 2013/345Financial institutionsSingaporeFiscal policySingaporeBanks and BankingimfInvestments: GeneralimfIndustries: Financial ServicesimfFinance: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: General (includes Measurement and Data)imfFinancing PolicyimfFinancial Risk and Risk ManagementimfCapital and Ownership StructureimfValue of FirmsimfGoodwillimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfInvestment & securitiesimfFinanceimfBankingimfFinancial services law & regulationimfCollateralimfSecuritiesimfCredit riskimfGovernment securitiesimfFinancial institutionsimfFinancial regulation and supervisionimfCentral counterparty clearing houseimfFinancial marketsimfLoansimfBanks and bankingimfFinancial instrumentsimfFinancial risk managementimfClearinghousesimfSingaporeimfFinancial institutionsFiscal policyBanks and BankingInvestments: GeneralIndustries: Financial ServicesFinance: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: General (includes Measurement and Data)Financing PolicyFinancial Risk and Risk ManagementCapital and Ownership StructureValue of FirmsGoodwillPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsInvestment & securitiesFinanceBankingFinancial services law & regulationCollateralSecuritiesCredit riskGovernment securitiesFinancial institutionsFinancial regulation and supervisionCentral counterparty clearing houseFinancial marketsLoansBanks and bankingFinancial instrumentsFinancial risk managementClearinghouses332.1/52International Monetary Fund.DcWaIMFBOOK9910790715503321Singapore453486UNINA