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Strengthening the Framework for Banking Supervision

In: RESILIENCE DYNAMISM TRUST 50 Landmark Statements by MAS Leaders

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  • Keng Swee Goh

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…

Suggested Citation

  • Keng Swee Goh, 2021. "Strengthening the Framework for Banking Supervision," World Scientific Book Chapters, in: Monetary Authority of Singapore (ed.), RESILIENCE DYNAMISM TRUST 50 Landmark Statements by MAS Leaders, chapter 18, pages 183-190, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811250125_0018
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    More about this item

    Keywords

    Monetary Authority of Singapore; Central Banks; Singapore; Monetary Policy; Fintech;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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