Question

Pls do not handwrite the answer, this is for easy reading

Question 1:-

c) Develop arguments about how the MAS (Monetary Authority of Singapore) could manage the conflict in its dual roles of regulating the financial market as well as promoting Singapore as an international financial centre. Give relevant cases to support your saying.

refer to this link http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2018/MAS-Annual-Report-201718.aspx

Answer 1

Answer:

MAS (Monetary Authority of Singapore) has the dual roles of regulating the financial market as well as promoting Singapore as an international financial centre. Hence it needs to maintain a balance between both the roles. Singapore has to continuously monitor its ability to attract more and more international investors, traders and others to participate in their financial markets to satisfy their funding requirements.Singapore cannot operate as stand alone in the market since it is affected by other factors in the financial system.Singapore has to gain confidence of the investors with clear rules and regulations becuase the confidence and stability can help singapore to increase the no. of investors to increase their investment. Singapore has to raise itself to meet the international standards and expectations by introducing international rules and best practices where appropriate.Singapore has to ensure that there is fair and orderly trading. Following were the main events in the Singapore financial system:

July 1973 Floating of the Singapore dollar is instituted.

August 1973 Dealings in the gold market are completely liberalized.

July 1975 Cartel system for fixing interest rates is abolished.

June 1978 Exchange control is completely liberalized.

March 1987 The stockbroking industry is opened to local banks and foreign financial institutions.