jep

Journal of Economics and Political Sciences(Türkiye)

2792-0410

Düzce Üniversitesi

Political Science (Other)

Siyaset Bilimi (Diğer)

The Basel Agreements' Impact on Banking and Monetary Authority of Singapore Policy

https://orcid.org/0000-0001-7469-9983

Hamarat

Çağlar

University of Strathclyde

12 30 2023

3 2 106 112 08 08 2023 09 26 2023

2021

Journal of Economics and Political Sciences(Türkiye)

This article focuses on the historical context of the Basel Accords, explores the relevance of the Basel Accords to banking systems, and emphasises the efforts that the Basel Accords are making to minimise the risk associated with banking. In addition, I discuss the goals of the Monetary Authority of Singapore (MAS) for financial oversight and stability, and I seek to differentiate between the capital requirements of the MAS and those of the Basel Standards that apply to financial institutions. The objectives of the MAS regarding monitoring and financial stability are worthy of praise. As a result, the MAS is in a solid position to safeguard the financial stability of the nation. The MAS is examining its objectives to expand Singapore into a flourishing financial centre while also ensuring that the stability of the financial system will be maintained. These evaluations aim to ensure that Singapore will continue to retain its position as an international financial centre.

Banking Regulation Basel Monetary Authority of Singapore

Ministry of National Education of Türkiye

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