Page 59 - 期货和衍生品行业监管动态（2022年11月）

期货和衍生品行业监管动态

同时，新加坡的银行和保险公司拥有强大的资本缓冲能力，以应对在压力条

件下资产质量可能下降的情况。

基本上，新加坡金融行业已经建立了强大的缓冲区，以应对全球金融环境的

挑战。新加坡定期进行压力测试，以评估金融行业对潜在下行风险的抵御能力。
MAS 始终保持警惕，并继续与金融行业紧密合作，以确保健全的风险管理。

Reply to Parliamentary Question on extent of vulnerability of the financial sector

in Singapore (2022/11/7)

Question:

To ask the Prime Minister in light of the recent global financial stability concerns

and the unusually challenging financial stability environment as articulated in the

International Monetary Fund's October 2022 Financial Stability Report, what is the

extent of vulnerability of Singapore's financial sector.

Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in

charge of MAS:

As the Member has highlighted, the IMF Global Financial Stability Report points

to increased global financial stability risks arising from a disorderly tightening in

financial conditions. The cost of borrowing for sovereigns, corporates and households

has already increased significantly around the world.

MAS is closely monitoring the implications for Singapore. Two key aspects are

important. First, the smooth functioning of domestic funding markets and financial

institutions (FIs’) access to liquidity. Second, FIs’ asset quality, amid pressures on

the debt servicing ability of corporates and households.

The key funding markets in Singapore are functioning normally, despite
heightened volatility in international financial markets. Market participants are able to

access funding as needed, though at higher interest rates. Banks continue to have
sufficient liquidity to intermediate SGD and foreign currency loans. The fund

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