Singapore Embraces Global Standard

June 2011
Best's Review;Jun2011, Vol. 112 Issue 2, p36
Trade Publication
The article reports that the Monetary Authority of Singapore (MAS) says that the country is seeking to establish a regional and reinsurance center with a prudential regulatory regime that is eligible with global standards. Luz Foo of MAS states that the number of general offshore insurance business is bigger compared with domestic business in the country. It mentions that MAS had conducted regulatory reviews on corporate governance, risk management, and risk-based capital standards.


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