Another step to cool the market! More to come???????????????
MAS to step up Financial Risk monitoring
Singapore is stepping up efforts to monitor banks and financial institutions for potential risks.
This came from the Managing Director of the Monetary Authority of Singapore, Heng Swee Keat.
He told reporters on the sidelines of a conference that as a regulator, MAS is always vigilant about risks building up in the system.
He said one of the lessons of the Asian Financial crisis is that the central bank needs to be continually vigilant.
Policy makers including Singapore Prime Minister Lee Hsien Loong raised concerns last month that capital flows may have inflated real estate and stock prices.