Bank Regulation in Singapore
Christian Hofmann
Journal of Financial Regulation, 2015, vol. 1, issue 2, 306-324
Abstract:
This article discusses the most important principles of one of the most relevant financial markets in the world—Singapore. While little affected by the Global Financial Crisis, Singapore is currently reforming the regulatory framework for banks operating in its territory, both nationally and foreign headquartered. This contribution starts by providing some brief information on the structure of the Singaporean banking sector and its regulator, the Monetary Authority of Singapore. The main discussion focuses on the principles of bank regulation, especially in comparison to the rules of the Third Basel Accord (Basel III). This part is followed by the principles that apply to banks in crises and Singapore's role in cooperation with regulators from other jurisdictions. This last section includes an analysis of Singapore's willingness to participate in transnational efforts that seek to address the challenges resulting from the activities of global systemically important banks.
Keywords: bank; regulation; Singapore (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1093/jfr/fjv004 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:refreg:v:1:y:2015:i:2:p:306-324.
Access Statistics for this article
Journal of Financial Regulation is currently edited by Dan Awrey, Geneviève Helleringer and Wolf-Georg Ringe
More articles in Journal of Financial Regulation from Oxford University Press
Bibliographic data for series maintained by Oxford University Press ().