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Singapore financial system’s direct exposure to fallen short United States financial institutions ‘unimportant’

By: Financial News Buzz

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© Reuters. SUBMIT IMAGE: The logo design of the Monetary Authority of Singapore (MAS) is envisioned at its structure in Singapore in this February 21, 2013 documents picture. REUTERS/Edgar Su

SINGAPORE (Reuters) – Singapore financial system has unimportant direct exposure to fallen short financial institutions in the USA, its reserve bank stated on Monday.

Financial Institutions in Singapore are well capitalised as well as carry out normal cardiovascular test versus rates of interest as well as various other dangers, the Monetary Authority of Singapore (MAS) stated in a declaration.

MAS remains in close touch with regional authorities to analyze any kind of possible effect on Singapore start-ups, consisting of those with united state procedures.

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