The implications of Singapore's regionalization program on Singapore banks

The high growth prospects of neighbouring countries have been repeatedly emphasized through the media over the last three years and as the drive to go regional becomes evident, it is imperative that the changing role of banks, both in the domestic economy as well as in the region, be explored. Si...

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Main Authors: Chong, Juliana Kim Kian, Chua, Jill Anne Suyin, Loh, Sook Fun
Other Authors: Ong Leong Hock
Format: Final Year Project
Language:English
Published: 2015
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Online Access:http://hdl.handle.net/10356/63012
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-630122023-05-19T06:16:17Z The implications of Singapore's regionalization program on Singapore banks Chong, Juliana Kim Kian Chua, Jill Anne Suyin Loh, Sook Fun Ong Leong Hock Nanyang Business School DRNTU::Business::Finance The high growth prospects of neighbouring countries have been repeatedly emphasized through the media over the last three years and as the drive to go regional becomes evident, it is imperative that the changing role of banks, both in the domestic economy as well as in the region, be explored. Singapore's Regionalization Program is expected to significantly change the structure, operational demands, and potential profitability of the banks in Singapore. The aim of this project is to examine the reasons why Singapore banks need to go regional and the implications for this expansion abroad. The widening contrast between the limited potential in the local market and the bountiful opportunities existing in the region will induce Singapore banks to expand abroad aggressively over the next few years. With regionalization, the related growth, profitability, and risk management issues come to the forefront of the agenda for top level bank managers. A survey was therefore conducted among top level bank managers to gather consensus opinions about the key issues in the regionalization process. The project also highlights the more recent potential areas of growth and profitability like venture capital, project financing and loan syndication, and private banking as well as the problems and risks faced by Singapore banks in their regional expansion. The survey results indicated that the recruitment of qualified personnel in the regional market, difficulties in assessing credit quality of bank instruments, and regulatory restrictions continue to be main areas for bankers as they regionalize. Singapore banks, in seeking to regionalize should identify the niche areas where they have strengths and establish the optimal level of risk they are willing to take in each new market. The ability to redress their deficiencies as compared to foreign banks will have a vital impact on the future success as regional banking players. BUSINESS 2015-05-05T03:34:23Z 2015-05-05T03:34:23Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/63012 en Nanyang Technological University 105 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business::Finance
spellingShingle DRNTU::Business::Finance
Chong, Juliana Kim Kian
Chua, Jill Anne Suyin
Loh, Sook Fun
The implications of Singapore's regionalization program on Singapore banks
description The high growth prospects of neighbouring countries have been repeatedly emphasized through the media over the last three years and as the drive to go regional becomes evident, it is imperative that the changing role of banks, both in the domestic economy as well as in the region, be explored. Singapore's Regionalization Program is expected to significantly change the structure, operational demands, and potential profitability of the banks in Singapore. The aim of this project is to examine the reasons why Singapore banks need to go regional and the implications for this expansion abroad. The widening contrast between the limited potential in the local market and the bountiful opportunities existing in the region will induce Singapore banks to expand abroad aggressively over the next few years. With regionalization, the related growth, profitability, and risk management issues come to the forefront of the agenda for top level bank managers. A survey was therefore conducted among top level bank managers to gather consensus opinions about the key issues in the regionalization process. The project also highlights the more recent potential areas of growth and profitability like venture capital, project financing and loan syndication, and private banking as well as the problems and risks faced by Singapore banks in their regional expansion. The survey results indicated that the recruitment of qualified personnel in the regional market, difficulties in assessing credit quality of bank instruments, and regulatory restrictions continue to be main areas for bankers as they regionalize. Singapore banks, in seeking to regionalize should identify the niche areas where they have strengths and establish the optimal level of risk they are willing to take in each new market. The ability to redress their deficiencies as compared to foreign banks will have a vital impact on the future success as regional banking players.
author2 Ong Leong Hock
author_facet Ong Leong Hock
Chong, Juliana Kim Kian
Chua, Jill Anne Suyin
Loh, Sook Fun
format Final Year Project
author Chong, Juliana Kim Kian
Chua, Jill Anne Suyin
Loh, Sook Fun
author_sort Chong, Juliana Kim Kian
title The implications of Singapore's regionalization program on Singapore banks
title_short The implications of Singapore's regionalization program on Singapore banks
title_full The implications of Singapore's regionalization program on Singapore banks
title_fullStr The implications of Singapore's regionalization program on Singapore banks
title_full_unstemmed The implications of Singapore's regionalization program on Singapore banks
title_sort implications of singapore's regionalization program on singapore banks
publishDate 2015
url http://hdl.handle.net/10356/63012
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