Singapore: Selected Issues

International Monetary Fund

No 2001/177, IMF Staff Country Reports from International Monetary Fund

Abstract: The major objectives of the banking system reform are twofold: first, to continue to gradually open domestic banks to greater competition from foreign banks, and second, for Singapore banks to retain significant domestic market share in this more open environment as well as to become significant participants in the regional market. The authorities have clearly stated that they see the process of mergers and consolidation of the local banks as inevitable, but that they do not intend to force the process.

Keywords: ISCR; CR; credit facilities; interest rate; government bond; banking sector; bond issue; currency swap; S$ proceeds; equity listing; foreign currency; insider trading; S$ credit facilities; exchange rate; Manufacturing; Securities markets; Labor productivity; Capital productivity; Financial sector; Global (search for similar items in EconPapers)
Pages: 83
Date: 2001-10-09
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Citations: View citations in EconPapers (7)

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