MAS needs expanded resolution powers, FSB report says
Singapore's central bank should clarify oversight of macro-prudential policies, says peer review
Authorities in Singapore need to extend the scope of the country’s resolution framework, along with boosting the central bank’s capacity for bank resolution, according to a peer review by the Financial Stability Board.
The Monetary Authority of Singapore should also clarify how it oversees its macro-prudential policies, says the review, which was published on February 26.
The peer review says Singaporean authorities have made “good progress” in boosting financial stability, but lists several
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