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.The aggregate unsecured credit facilities (other than credit card and charge card facilities) which may be granted to ... granting and monitoring processes of the bank to approve the granting of credit facilities to related companies andanbsp;...
|Title||:||Singapore: Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision|
|Author||:||International Monetary Fund. Monetary and Capital Markets Department|
|Publisher||:||International Monetary Fund - 2013-12-06|