MAS needs expanded resolution powers, FSB report says

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The FSB peer review says Singapore has made “good progress” on improving financial stability

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 a

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