MAS THE FINANCIAL SECTOR: PERFORMANCE AND GROWTH

THE FINANCIAL SECTOR:
PERFORMANCE AND GROWTH

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Modest Recovery in 2003

Financial Market Activity

FINANCIAL MARKET ACTIVITY

.	Lending in the Domestic Market	.	Rise in Asian Dollar Market Lending	.	Box 12 – A Robust Financial System
.	Deepening Singapore Government Securities Market	.	Healthy Growth in Corporate Debt Market	.	Active Trading in Equities and Futures Market
.	IPO Prospectus Registration and CIS Approval	.	Vibrant Treasury Market	.	Box 13 – The Singapore IPO Market
.	Asset and Wealth Management – Impressive Performance	.	Mixed Performance for Insurance	.	Box 14 – Bank Loans to HDB Flat Buyers

IPO Prospectus Registration and CIS Approval

Between 1 January 2003 and 31 December 2003, MAS registered 58 Prospectuses for initial public offers of shares by companies, authorised 56 Collective Investment Schemes (CIS) constituted in Singapore, and recognised 78 CIS constituted overseas.

Enhancing Risk-focused Supervisory Approach	Box 1 – Fostering a Sound and Progressive Financial Services Sector	Enhancing MAS’ Supervisory Capabilities
Box 2 – Stress Testing of Life Insurers	Box 3 – Streamlining Inspection Function	Thematic Inspections to Improve Surveillance