Singapore

Singapore MAS widen policy band for FX flexibility

SINGAPORE - The Monetary Authority of Singapore said Wednesday 10 October it has decided to widen its policy band to allow a greater flexibility in managing the exchange rate, as it expects more volatility in financial markets.

Singapore sets new liquidity levels for banks

SINGAPORE - The Monetary Authority of Singapore (MAS) today, 27 July, moved to introduce a new risk-based liquidity supervision system for banks, which will increase their flexibility to manage funds but may not immediately boost profits, analysts said.

Singapore risk management

ARTICLE - G10 central bank study says that consolidation has heightened possibility of systemic risk. Central banks of G10 countries recently released a joint study on the impact of consolidation on financial risk, payment systems and monetary policy,…

Asia and the IMF

SPEECH - Stanley Fischer, First Deputy Managing Director at the International Monetary Fund spoke about Asia's relationship with the IMF at the Institute of Policy Studies, Singapore on 1 June.

Duisenberg speech on central bank responsibilities

SPEECH - Wim Duisenberg, President of the European Central Bank, gave a speech at the Central Bankers' Panel at the International Monetary Conference, Singapore on 4 June. The speech was titled What exactly is the responsibility of central banks of large…

International Monetary Conference speech

SPEECH - Deputy Prime Minister Lee Hsien Loong has given the luncheon address at the International Monetary Conference, Singapore on 4 June. It was titled Financial Centres Today and Tomorrow: A Singapore Perspective.

Stable Europe important to growth - Duisenberg

SINGAPORE - European Central Bank (ECB) President Wim Duisenberg told delegates at the International Monetary Conference in Singapore on 4 June that economic stability in the euro zone was the best contribution Europe could make to world growth.

Meeting the challenge of the global economy

SPEECH - Lim Hng Kiang, Singapore's second minister for finance has made the opening remarks at the 36th SEACEN Governors' Conference, Singapore. Among other things he discusses the challenges for Asia with the slowing of the US economy and the much…

SE Asian central bank governors begin meeting

SINGAPORE - The annual conference of Governors of the South-East Asian Central Banks (SEACEN) needs to focus on ways to maintain its relevance amid a proliferation of regional and international forums, a Singapore government minister said on 31 May.

MAS chairman on building one financial world

SPEECH - Lee Hsien Loong, chairman of the Monetary Authority of Singapore, has delivered the keynote address at the ACI world congress, Singapore. The speech was delivered on 25 May and concerned Asia's experience of managing financial integration.

MAS to welcome more foreign banks

Tharman Shanmugaratnam, the new managaing director of Singarpore's monetary authority, has indicated that the authority plans to issue more banking licenses to foreign banks.

MAS promotes four senior officials

SINGAPORE - Effective April 1, Tharman Shanmugaratnam took office as the Monetary Authority of Singapore's new managing director, and three other officials were promoted to key positions, the central bank said in a statement issued late on Apr 4, 2001.

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