MAS IN THE INTERNATIONAL ARENA
     
Content Page
 
 
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Formulating and Implementing Global Standards . Box 18 – Meetings of Minds
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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