Strengthening the Framework for Banking Supervision

Keng Swee Goh

Chapter 18 in Resilience, Dynamism, Trust:50 Landmark Statements by MAS Leaders, 2021, pp 183-190 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Since the introduction of the Banking Act in 1971, Singapore has developed into a financial centre of international importance. This is demonstrated by the presence here of a large number of financial institutions of international standing and reputation, the advent of new financial instruments, the rapid development of the Asian Dollar Market, the extensive nature of the financial transactions that are entered into and the numerous financial services that are now being provided. The liberalisation of exchange controls and the development of the capital market have also played their part in making the banking scene in Singapore vastly different from what it was at the time of the passing of the Banking Act…

Keywords: Monetary Authority of Singapore; Central Banks; Singapore; Monetary Policy; Fintech (search for similar items in EconPapers)
JEL-codes: E44 E5 E58 E6 F45 (search for similar items in EconPapers)
Date: 2021
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