MAS urges vigilance amid rising risks
MAS flags leverage risk in businesses tied to trade and property, as risks to global financial stability rise
Singapore’s central bank warns of rising risks to global financial stability amid a synchronised slowdown and ongoing trade tensions, although it views the city-state’s domestic financial system as resilient.
Corporate leverage is stable, while household balance sheets have strengthened, the Monetary Authority of Singapore (MAS) says in its annual Financial Stability Review, published on November 28.
The central bank urges vigilance, citing elevated corporate debt levels and strong headwinds
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