dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Lah!

IMF Reaffirms Singapore’s Financial Sector Oversight As “Among the Best Globally”

  • July 16, 2019
Total
0
Shares
0
0
0

The Monetary Authority of Singapore (MAS) said today that the International Monetary Fund (IMF) has completed its Financial Sector Assessment Programme (FSAP) for Singapore and reaffirmed Singapore’s financial sector oversight to be “among the best globally”.

The IMF commented that the economic fundamentals of Singapore were strong and its economic policies sound. Overall, the financial sector in Singapore was assessed to be resilient, with healthy buffers to withstand severe adverse shocks. The IMF also noted that MAS has struck a good balance in fostering financial innovation while strengthening regulatory oversight since its last FSAP review in 2013.

Key findings from the assessment include :

  • Singapore’s financial system is resilient even under very adverse scenarios, as demonstrated by stress tests, including a large-scale global financial market turmoil.
  • MAS’ crisis management and resolution regime for distressed financial institutions has been strengthened, with the introduction of enhanced resolution powers in 2017.
  • The MAS Electronic Payments System (MEPS+) operations and oversight are compliant with international standards.
  • MAS has the ability to act proactively to address emerging threats to financial stability through the use of macroprudential policies.
  • In the area of FinTech regulation and supervision, MAS has struck a good balance between promoting financial innovation, while safeguarding financial stability.

MAS welcomes the positive assessment of Singapore’s financial system. We will review the IMF’s recommendations within the reports, and undertake appropriate measures to further strengthen our financial oversight. We thank the financial industry representatives for participating in the FSAP.

Mr Ravi Menon, Managing Director of MAS, said, “The FSAP is a rigorous assessment, and we are pleased that it has reaffirmed Singapore’s standing as a sound, stable and well regulated financial centre. But ensuring that regulation and supervision remain relevant is always work-in-progress and we are pleased to have had the opportunity to learn from the IMF’s global experience in financial sector surveillance and analysis.”

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Finance
  • IMF
  • MAS
majulah

Previous Article
  • Cities

How Do You Measure The Value Of A Historic Site?

  • July 15, 2019
View Post
Next Article
  • Cities

Here’s The Ultimate City Bike

  • July 16, 2019
View Post
You May Also Like
View Post
  • Lah!

Tariffs, Trump, and Other Things That Start With T – They’re Not The Problem, It’s How We Use Them

  • John Francis
  • March 25, 2025
View Post
  • Lah!

Canonical announces 12 year Kubernetes LTS

  • John Francis
  • March 4, 2025
dotlah-smartnation-singapore-lawrence-wong
View Post
  • Artificial Intelligence
  • Featured
  • Features
  • Lah!
  • Machine Learning
  • Technology

Growth, community and trust the ‘building blocks’ as Singapore refreshes Smart Nation strategies: PM Wong

  • Dean Marc
  • October 9, 2024
dotlah-singapore-ndp-2024
View Post
  • Lah!

Here’s what to expect for NDP 2024!

  • dotlah.com
  • August 9, 2024
dotlah-singapore-airlines_may_21-1716298816
View Post
  • Lah!

Severe turbulence during Singapore Airlines flight leaves several people badly injured. One man died

  • majulah
  • May 22, 2024
dotlah-pm-lee-lawrence-wong-9656d4cd-1fa4-40ed-905d-e19e639b8476_728802dd
View Post
  • Lah!
  • People
  • Politics

End of Lee Era for Singapore as PM Steps Down

  • dotlah.com
  • May 16, 2024
DPM Lawrence Wong will be Singapore's fourth prime minister on May 15. ST PHOTO: LIM YAOHUI
View Post
  • Lah!
  • People
  • Politics

7 things to know about Singapore’s next prime minister Lawrence Wong

  • dotlah.com
  • May 15, 2024
When asked about his leadership style, DPM Lawrence Wong said he will be open and consultative, but he will not shirk from doing what is necessary for Singapore's future. ST PHOTO: LIM YAOHUI
View Post
  • Features
  • Lah!
  • People
  • Politics

‘We are prepared to relook everything’: Lawrence Wong on a changing society and his hopes for S’pore

  • dotlah.com
  • May 15, 2024


Trending
  • bench-aaron-burden-2bg1jPty490-unsplash 1
    • Features
    • People
    The 7 Types of Rest You Need to Recharge
    • July 21, 2023
  • 2
    • Technology
    Game On! Singtel’s PVP Esports Community Leagues Scale Up In 2020
    • February 6, 2020
  • europe-map-globe-christian-lue-7dEyTJ7-8os-unsplash 3
    • Features
    • People
    Where You Can Buy Residence Permits
    • February 19, 2023
  • 4
    • Lah!
    New Therapeutic Garden At Telok Blangah Hill Park
    • March 10, 2020
  • 5
    • Cities
    • Lah!
    How The Government Is Building Citizen-Centric Digital Services
    • March 7, 2019
  • 6
    • Cities
    • Lah!
    Singapore Ranked Best Smart City For 2017
    • March 16, 2018
  • 7
    • People
    • Technology
    Jobs Of Tomorrow: Mapping Opportunity In The New Economy
    • February 19, 2020
  • 8
    • Lah!
    Singapore Changi Airport Community Donates Oxygen Concentrators To Indonesia To Support Fight Against COVID-19
    • August 22, 2021
  • 9
    • Cities
    • Society
    COVID-19: This Is How Asia-Pacific Is Emerging From Lockdown
    • May 8, 2020
  • 10
    • Cities
    Aeroflot To Launch Inaugural Moscow-Singapore Service
    • February 10, 2020
  • 11
    • Society
    NUS Business School Launches New Master Of Science In Accounting Programme
    • October 30, 2020
  • 12
    • Cities
    • Lah!
    Know Your Tree – NParks Launches Interactive Map Of Trees Across Singapore
    • February 5, 2018
Trending
  • Bluetooth speakers 1
    Best Bluetooth Speakers Under $200 (2025 Edition)
    • October 16, 2025
  • 2
    Apple Vision Pro upgraded with the powerful M5 chip and comfortable Dual Knit Band
    • October 15, 2025
  • 3
    Apple unveils new 14‑inch MacBook Pro powered by the M5 chip, delivering the next big leap in AI for the Mac
    • October 15, 2025
  • 4
    Apple introduces the powerful new iPad Pro with the M5 chip
    • October 15, 2025
  • 5
    Singapore’s national identity excludes those who don’t look like a ‘regular family’
    • October 9, 2025
  • Smart Watch 6
    Best Smartwatches, Your Gateway to Health Monitoring and Everyday Use
    • October 5, 2025
  • Cooking pots and pans 7
    Best Pots and Pans 2025: All-Season, All-Purpose Picks for Every Kitchen
    • September 23, 2025
  • 8
    Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading
    • September 21, 2025
  • Kitchen Knives - Best All-Around Picks in 2025 9
    Kitchen Knives : The Surgeons of Cooking – Best All-Around Picks in 2025
    • September 15, 2025
  • 10
    Apple unveils iPhone 17 Pro and iPhone 17 Pro Max, the most powerful and advanced Pro models ever
    • September 9, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.