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

International Monetary Fund

No 2013/342, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; risk profile; senior management; risk management; banking group; credit risk; Market risk; Credit risk; Liquidity risk; Credit; Operational risk; Global (search for similar items in EconPapers)
Pages: 245
Date: 2013-12-05
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