Singapore: Selected Issues
The major objectives of the banking system reform are twofold: first, to continue to gradually open domestic banks to greater competition from foreign banks, and second, for Singapore banks to retain significant domestic market share in this more open environment as well as to become significant participants in the regional market. The authorities have clearly stated that they see the process of mergers and consolidation of the local banks as inevitable, but that they do not intend to force the process.
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Volume/Issue:
Volume 2001
Issue 177
Publication date: October 2001
ISBN: 9781451834192
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Finance , Industries - Manufacturing , ISCR , CR , credit facilities , interest rate , government bond , banking sector , bond issue , currency swap , S$ proceeds , equity listing , foreign currency , insider trading , S$ credit facilities , exchange rate , Manufacturing , Securities markets , Labor productivity , Capital productivity , Financial sector , Global
Summary
The major objectives of the banking system reform are twofold: first, to continue to gradually open domestic banks to greater competition from foreign banks, and second, for Singapore banks to retain significant domestic market share in this more open environment as well as to become significant participants in the regional market. The authorities have clearly stated that they see the process of mergers and consolidation of the local banks as inevitable, but that they do not intend to force the process.
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