THE FINANCIAL SECTOR:
PERFORMANCE AND GROWTH
     
Content Page
Modest Recovery in 2003
Financial Market Activity
 
FINANCIAL MARKET ACTIVITY
 
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Rise in Asian Dollar Market Lending . Box 12 – A Robust Financial System
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Healthy Growth in Corporate Debt Market . Active Trading in Equities and Futures Market
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Vibrant Treasury Market . Box 13 – The Singapore IPO Market
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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