Singapore: Financial System Stability Assessment
Electronic Access:
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Summary:
Singapore’s financial sector, which is dominated by the banking sector, remains robust despite a series of economic downturns and substantial asset price declines. Economic developments in the past few years have highlighted Singapore’s vulnerability to exogenous shocks, including the outbreak of Severe Acute Respiratory Syndrome (SARS). Systemic liquidity is well managed. Singapore has proactively implemented significant financial sector reforms since 1998. Although it has undergone major structural changes in recent years, Singapore’s financial sector is still dominated by the banking industry.
Series:
Country Report No. 2004/104
Subject:
Banking Commercial banks Corporate bonds Financial institutions Foreign banks Insurance companies Loans
English
Publication Date:
April 26, 2004
ISBN/ISSN:
9781451834222/1934-7685
Stock No:
1SGPEA0022004
Pages:
88
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