Financial Sector Liberalization and its Challenges to the Local Banks: The Experience of Singapore

• Main Authors: TAN, Swee Liang, TAN, Gilbert Yip Wei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Financial Services Liberalization; Bank Management; Financial Institutions and Services; Singapore; Asian Studies; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2679; https://ink.library.smu.edu.sg/context/lkcsb_research/article/3678/viewcontent/BBS_en_2006_04_Liang.pdf
• Institution: Singapore Management University

The main theme of the paper is about the challenges that financial sector liberalization poses to local banks. It reviews the experience of Singapore. We begin by explaining the unique circumstances surrounding Singapore. A small city-state controlled by a single party with about 65% majority in Par...