Download or read book Financial Services and Wealth Management in Singapore written by Tan Chwee Huat and published by NUS Press. This book was released on 2011-08-01 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last decade, many changes have taken place in the Singapore financial marketplace. The Monetary Authority of Singapore has implemented numerous reforms to liberalize financial services sector. Since 2002, two new laws have come into effect. The Securities and Futures Act and the Financial Advisors Act have important impact on the financial community. Institutions must hold the Capital Market Services (CMS) licence and the Financial Advisors licence and their representatives must pass the CMFAS examinations. This book discusses the changes in detail. Part A provides details of the reforms and discusses the impact of the new laws and regulations. Part B highlights the wide range of financial services and products provided by the institutions. In this edition, two new chapters have been added. They focus on issues related to wealth management which has become the recent focus of many banks that provide services to high net worth individuals or HNWIs. This book should be of interest to all financial institutions and professionals. It is also a must-read for investors who have to choose from a wide range of financial products. It will be especially useful to students and professionals in banking and finance.
Download or read book Financial Services in Singapore written by Chwee Huat Tan and published by NUS Press. This book was released on 2004 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past few years, many important changes have taken place in Singapore's financial marketplace, and the Monetary Authority of Singapore has implemented numerous reforms to liberalise the financial services sector. Since 2002, two new laws have come into effect. The Securities and Futures Act (SFA) and the Financial Advisors Act (FAA) both have important implications on the financial profession. One example is that financial institutions must hold a Capital Market Services (CMS) licence and a Financial Advisors licence, and their representatives must pass the Capital Market and Financial Advisory Services (CMFAS) Examination. This book discusses the changes in detail: Part A explains the reforms and new laws and regulators and Part B examines the wide range of financial services and products provided by the institutions. The work highlights the new collective investment scheme and changes that have affected the Central Provident Fund scheme. Financial Services in Singapore should be of interest to all who work in the financial services sector. It is also a must read for investors who have to choose from a wide range of financial products it will be especially useful to students
Download or read book Trusts and Modern Wealth Management written by Richard C. Nolan and published by Cambridge University Press. This book was released on 2018-05-31 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust law has grown and developed over recent years through the continued ingenuity of practitioners and the provision of innovative new trust laws by offshore jurisdictions. The wealth managed through the medium of trust law has also changed in recent years, as increasingly it has come from the newly rich of Asia. This brings distinctive issues to the fore: the role of settlors, family members and trusted advisors in trust administration; the position of trustees in relation to instructions coming from such persons; and an increased desire for confidentiality in trust administration and the settlement of trust disputes. This collection focuses on trusts which are deliberately created to manage wealth and the concomitant issues such trusts raise in other areas of law. Essays from leading members of the judiciary, practitioners and academics explore these developments and their implications for the users of trust law and for society in general.
Download or read book Re Imagining Offshore Finance written by Christopher M. Bruner and published by Oxford University Press. This book was released on 2016-11-11 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small jurisdictions have become significant players in cross-border corporate and financial services. Their nature, legal status, and market roles, however, remain under-theorized. Lacking a sufficiently nuanced framework to describe their functions in cross-border finance - and the peculiar strengths of those achieving global dominance in the marketplace - it remains impossible to evaluate their impacts in a comprehensive manner. This book advances a new conceptual framework to refine the analysis and direct it toward more productive inquiries. Bruner canvasses extant theoretical frameworks used to describe and evaluate the roles of small jurisdictions in cross-border finance. He then proposes a new concept that better captures the characteristics, competitive strategies, and market roles of those achieving global dominance in the marketplace - the "market-dominant small jurisdiction" (MDSJ). Bruner identifies the central features giving rise to such jurisdictions' competitive strengths - some reflect historical, cultural, and geographic circumstances, while others reflect development strategies pursued in light of those circumstances. Through this lens, he evaluates a range of small jurisdictions that have achieved global dominance in specialized areas of cross-border finance, including Bermuda, Dubai, Singapore, Hong Kong, Switzerland, and Delaware. Bruner further tests the MDSJ concept's explanatory power through a broader comparative analysis, and he concludes that the MDSJs' significance will likely continue to grow - as will the need for a more effective means of theorizing their roles in cross-border finance and the global dynamics generated by their ascendance.
Download or read book Global Private Banking and Wealth Management written by David Maude and published by John Wiley & Sons. This book was released on 2010-02-09 with total page 571 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wealth management is one of the areas in which banks and other personal financial services players are investing heavily. But the market is changing fast. Going forward, players therefore need to adapt their strategies to the new realities: what worked in the past will not, for the most part, be appropriate in the future. This unique book, written by a former McKinsey consultant, offers an up-to-date, detailed, practical understanding of this exciting area of financial services.
Download or read book Singapore written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-07-15 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper on Singapore highlights the attractiveness of Singapore as a financial center is underpinned by strong economic fundamentals, sound economic policies, and a sophisticated financial oversight framework. The financial system is exposed to global and regional macrofinancial shocks through significant trade and financial channels but appears resilient even under adverse scenarios. However, banks’ US dollar liquidity is vulnerable to stress conditions. Fintech developments so far have focused on partnerships with existing financial institutions and do not appear to contribute significantly to systemic risk. Singapore authorities should continue to enhance its strong oversight of the financial system. Strengthening the framework for resolution and safety nets, namely by devoting more resources to the Monetary Authority of Singapore (MAS)’ Resolution Unit; and enhancing the oversight of MAS Electronic Payments System by ensuring more staffing resources are two other important areas for action.
Download or read book Singapore written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2014-10-17 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Outlook and risks. Following an upturn in 2013, growth is expected to moderate somewhat during 2014-2015, narrowing the positive output gap. The impact of recovering demand in advanced economies is likely to be offset by the ongoing real appreciation of the currency and the gradual tightening in global monetary conditions. Transitional costs related to the economic restructuring (see next paragraph) are also expected to dampen growth in the near term. As a very open economy, Singapore is particularly exposed to external risks related to a protracted period of slower growth in advanced and emerging economies, a continued buildup and eventual unwinding of excess capacity in China, an abrupt surge in financial market volatility as investors reassess underlying risks, and geopolitical risks. Medium- and long-term challenges. The authorities focus squarely on the implementation of their medium-term economic restructuring plan. With the aim to boost the productivity of labor and land, the plan could set the stage for a new era of sustainable growth. However, productivity improvements may take some time to materialize. For example, the slowing inflow of foreign workers, a key part of the reform agenda, could moderate potential growth and lower competitiveness in light of the tight labor market. The social safety net is being strengthened in the context of a rapidly aging population. Policy assessment. Singapore continues to implement a strong set of macroeconomic and financial sector policies. The moderately tight monetary policy remains appropriate but the fiscal stance is looser than would be warranted by cyclical considerations. The 2014 budget focuses on noncyclical considerations, including support for companies’ efforts to raise productivity and additional social spending on healthcare for the elderly. The authorities’ plan to raise social and infrastructure spending by 1-2 percent of GDP over the medium term should help reduce the large current account surplus. Financial regulation and supervision is among the best globally and Singapore is a frontrunner in implementing global regulatory reforms. Macroprudential policies have contributed to cool the housing and car permit markets and good progress has been made in implementing key short•term FSAP recommendations.
Download or read book Current Issues in Islamic Banking and Finance written by Angelo M. Venardos and published by World Scientific. This book was released on 2010 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Resilience and Stability A Socio-Economic Response in South East Asia (A M Venardos); Brunei: A Niche Money Market for Offshore Islamic Finance (K A Khairuddin); Legal and Regulatory Issues Concerning Islamic Finances Development in Malaysia (N N Thani & M M Hussain); Making Sense of the Fast-Growing Islamic Finance Market (T Maeda); Islamic Banks: Resilience & Stability Not Immune from Crisis (S Akhtar)); USA and Southeast Asia: Islamic Banking and Finance Development Opportunities (M Kuo); The Risk Profile of Mudaraba and Its Accounting Treatment (H S Latiff); Current Developments of Islamic Banking in Indonesia (H Hamzah); Islamic Trusts for Wealth Management (A Z Hj Abdul Rashid & K A Jamil); Islamic Capital Markets: A Growing Area for Investment (M Mahlknecht); Legal and Regulatory Changes to Promote the Development of Islamic Banking and Finance in Singapore (A Selvam); Lessons from the Pakistani Model (B Rasul); Islamic Structured Products: Issues and Challenges (A Bin Hasan); and other papers.
Download or read book A Tale of Three Cities written by Edmund Li Sheng and published by Springer Nature. This book was released on with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Routledge Handbook of Banking and Finance in Asia written by Ulrich Volz and published by Routledge. This book was released on 2018-10-26 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Banking and Finance in Asia brings together leading scholars, policymakers, and practitioners to provide a comprehensive and cutting-edge guide to Asia’s financial institutions, markets, and systems. Part I provides a country-by-country overview of banking and finance in East, Southeast, and South Asia, including examples from China, Japan, Hong Kong, India, and Singapore. Part II contains thematic chapters, covering topics such as commercial banking, development banking, infrastructure finance, stock markets, insurance, and sovereign wealth funds. It also includes examinations of banking regulation and supervision, and analyses of macroprudential regulation, capital flow management measures, and monetary policy. Finally, it provides new insights into topical issues such as SME, green, and Islamic finance. This handbook is an essential resource for scholars and students of Asian economics and finance and for professionals working in financial markets in Asia.
Download or read book A Tale of Three Cities written by Edmund Li Sheng and published by Springer Nature. This book was released on with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Singapore And Switzerland Secrets To Small State Success written by Yvonne Guo and published by World Scientific. This book was released on 2016-07-22 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cases of Singapore and Switzerland present a fascinating puzzle: how have two small states achieved similar levels of success through divergent pathways? Are both approaches equally sustainable, and what lessons do they hold for each other? While Singapore is the archetypal developmental state, whose success can be attributed to strong political leadership and long-term planning, Switzerland's success is a more organic process, due to the propitious convergence of strong industries and a resilient citizenry. Yet throughout the course of their development, both countries have had to deal with the dual challenges of culturally heterogeneous populations and challenging regional contexts. Edited by Yvonne Guo and Jun Jie Woo, with forewords from Ambassadors Thomas Kupfer and Tommy Koh, Singapore and Switzerland: Secrets to Small State Success features contributions from distinguished scholars and policymakers who explore the dynamics of two small states which have topped international rankings in a dazzling array of policy areas, from economic competitiveness to education to governance, but whose pathways to success could not be more different.
Download or read book Future Asia written by Rajiv Biswas and published by Springer. This book was released on 2016-04-30 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: With traditional growth engines failing, the world is looking to Asia for economic salvation. This book charts the rise of China, India and ASEAN nations, who are increasingly being seen as the new growth drivers for the world, and discusses the imminence of a new global economic order.
Download or read book Federal Register written by and published by . This book was released on 2012-10 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 3 in 1 Governing A Global Financial Centre written by Jun Jie Woo and published by World Scientific. This book was released on 2017-06-21 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3-in-1: Governing a Global Financial Centre provides a comprehensive understanding of Singapore's past development and future success as a global financial centre. It focuses on three transformational processes that have determined the city-state's financial sector development and governance — globalisation, financialisation, and centralisation — and their impacts across three areas: the economy, governance, and technology. More importantly, this book takes a multidimensional approach by considering the inter-related and interdependent nature of these three transformational processes. Just like the 3-in-1 coffee mix that is such an ubiquitous feature of everyday life in Singapore, the individual ingredients of Singapore's success as a global financial centre do not act alone, but as an integrated whole that manifests itself in one final product: the global financial centre.
Download or read book Building Immunity Crisis And Contagion In The City State written by Jun Jie Woo and published by World Scientific. This book was released on 2022-01-27 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the financial contagion of the 2007 Global Financial Crisis (GFC) to viral contagion in the recent COVID-19 pandemic, Singapore has been severely impacted by ripples and shockwaves that have emanated from global financial and healthcare crises. At the same time, it has proven to be highly resilient amidst such instability. This book provides an in-depth account of Singapore's policy responses to the COVID-19 pandemic and GFC. It focuses on the policy capacity-building efforts that have taken place in the aftermath of earlier crises such as the 2003 Severe Acute Respiratory Syndrome (SARS) outbreak and the 1997 Asian Financial Crisis.Linked across time and space, these four crises — SARS, COVID-19, the AFC and GFC — reflect a consistent pattern in Singapore's approach to crisis management. This is a pattern that involves policy learning and capacity-building after each crisis, and the application of these lessons and capacities to subsequent crises. In focusing on the role of policy capacity in Singapore's crisis response measures, this book will provide policymakers and practitioners with a useful framework that can be used to plan for future crises and pandemics.
Download or read book Mumbai An International Financial Centre written by India. Ministry of Finance. High Powered Expert Committee and published by SAGE. This book was released on 2007-04-19 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ministry of Finance, Government of India established a High Powered Expert Committee in 2006 to study the feasibility of India's entry into the global market for international financial services and that of Mumbai becoming an international financial center. The Committee's report analyses Mumbai's strengths and weaknesses in terms of the above seven key factors essential for the success of an IFC. The report strives to deliver a nuanced appreciation of the likely costs and benefits of the path to an IFC, based on an understanding of which policy-makers can make a reasoned choice.
