MAS’ rules on preventing mis-selling of complex products were assessed to be fully consistent with IOSCO’s principles
26 September 2019
In the report, IOSCO assessed that Singapore was fully consistent with all nine IOSCO principles aimed at preventing mis-selling of complex products. Of the 29 participating jurisdictions, only three others, in addition to Singapore, were assessed to be fully consistent with all nine principles.
Singapore’s regulations were affirmed by Basel Committee on Banking Supervision to be fully in line with international standards
19 March 2020
Singapore’s regulations on the large exposures framework and the net stable funding ratio standard were assessed as “Compliant” by the Basel Committee on Banking Supervision in its Regulatory Consistency Assessment Programme.
Singapore’s framework for financial oversight assessed by the International Monetary Fund (IMF) to be “among the best globally”
16 July 2019
The IMF completed its Financial Sector Assessment Programme (FSAP) for Singapore in 2019 and concluded that Singapore’s framework for financial oversight had been further strengthened since 2013.
The IMF assessors conducted two in-country missions to assess Singapore’s financial sector risks and vulnerabilities, and its compliance with selected international standards. Although the IMF assessors made policy recommendations in the assessed areas, it concluded that the main parts of the financial system appear resilient under very adverse scenarios. The final reports and recommendations from the assessments were published in July 2019.