Singapore’s financial system resilient amid increased global risks – MAS
Despite headwinds the financial system can withstand ‘severe shocks’, the central bank says
Tighter financial conditions, trade tensions and crypto assets have increased the risks to the global financial system, but Singapore’s system remains resilient, the Monetary Authority of Singapore has said.
The central bank’s financial stability review says asset quality is improving despite loan growth and banks continue to maintain healthy balance sheets with liquid assets “well above regulatory requirements”.
The report also points to the “wealth” risks associated with a decline in the
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