Monetary Authority of Singapore Annual Report 2012/2013
Anchor of Economy


Industry Wide Stress Test / Financial Sector Assessment Programme Stress Test

In 2012, MAS conducted an industry-wide stress test of financial institutions in Singapore. Banks were stress tested on solvency and liquidity risks, well ahead of Basel III requirements. On the whole, the key financial institutions were found to be resilient to the projected scenario, which included stressed conditions in the Eurozone, reflecting the generally small exposures that Singapore’s banking system had to the Euro zone. MAS is also working with the financial sector on stress tests in preparation for the International Monetary Fund’s Financial Sector Assessment Programme (FSAP) in 2013.