MAS IN THE INTERNATIONAL ARENA

.	Fostering Regional Cooperation and Development	.	Formulating and Implementing Global Standards	.	Box 18 – Meetings of Minds
.	On the Boards of IMF and WB	.	Box 19 – Singapore to Host IMF and WB Meetings in 2006

On the Boards of IMF and WB

Minister in the Prime Minister’s Office, Second Finance Minister and MAS Deputy Chairman Lim Hng Kiang has been appointed to chair the 2004 IMF and WB Group Boards of Governors Annual Meetings for a one-year period. The Boards of Governors are the two institutions’ highest decision-making bodies mandated to preserve stability in the international monetary and financial system, and to reduce poverty worldwide. As Chairman, Minister Lim will preside over the 2004 IMF WB Annual Meetings, as well as the Joint Committee on Remuneration, which deliberates on the remuneration of Executive Directors of IMF and WB member countries and that of their Alternates.

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