INTEGRATED APPROACH TO FOSTER SAFETY AND SOUNDNESS OF
FINANCIAL INSTITUTIONS AND FINANCIAL SYSTEM

Financial System Surveillance

The ongoing crisis has brought into sharper focus the need for MAS to leverage on our structure as an integrated financial supervisor and central bank in monitoring economic and financial developments for any potential risks to Singapore's financial stability. To this end, MAS continued to step up efforts to combine information, analysis and perspectives from our macroeconomic surveillance, supervisory and market functions. MAS has taken several actions to mitigate risks identified and to enhance the resilience of the financial system. In the past year, we have strengthened considerably our ability to respond to risk events in a timely manner.