IMF Staff Country Reports

Singapore: Detailed Assessment of Observance-Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures

December 5, 2013

Download PDF

Preview Citation

Format: Chicago

Singapore: Detailed Assessment of Observance-Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures, (USA: International Monetary Fund, 2013) accessed September 27, 2024

Summary

This paper discusses key findings of the Detailed Assessment of Observance of the Committee on Payment and Settlement Systems–International Organization of Securities Commissions Principles for Financial Market Infrastructures(FMIs) in Singapore. Singapore has a well-developed payment, clearing, and settlement infrastructure, which includes two central counterparties for financial products. The infrastructure includes a large value payment system operated by the central bank and securities and derivatives clearing and settlement systems operated by the Singapore Exchange Limited. The FMIs in Singapore are subject to effective regulation, supervision, and oversight of the Monetary Authority Singapore (MAS). The legal framework provides the MAS with sufficient powers to obtain timely information and induce change.

Subject: Banking, Central counterparty clearing house, Collateral, Credit risk, Financial institutions, Financial markets, Financial regulation and supervision, Government securities, Securities

Keywords: Business plan, Central counterparty clearing house, Clearing fund, Clearing rule, Collateral, CR, Credit risk, Global, Government securities, ISCR, Liquidity risk, Risk management, Securities, Security deposit, Settlement bank

Publication Details

  • Pages:

    300

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2013/345

  • Stock No:

    1SGPEA2013008

  • ISBN:

    9781475565591

  • ISSN:

    1934-7685

You May Also Be Interested In...

Togo: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo

September 23, 2024

Navigating External Shocks in Southeast Asia's Emerging Markets: Key Lessons and Challenges in Applying the IMF’s Integrated Policy Framework

September 23, 2024

Systemic Implications of Financial Inclusion

September 20, 2024

Satellite-Based Census of Residential Buildings: Application for Climate Risk Assessment

September 20, 2024