Name Institution Course Date Singapore financial system Introduction Singapore has one of the best developed "trade oriented market economies." This is seen in the well supervised and highly developed financial structure and its regulations which are compared to be the best in the whole world. For instance the "Monetary Authority of Singapore (MAS)" is responsible for overseeing every corner of the financial system since it has the operational and analytical capabilities of carrying out its duties effectively. However the financial system is also exposed to a comprehensive view of risks both globally and domestically. This is mainly in how it is interconnected to other outside financial organizations. However most of these risks are manageable (Bryant 1986). The Banking sector Singapore being an international center of finance it offers one of the best pro-business environment to the surrounding financial institutions (Bryant 1986). This environment is characterized to be cost competitive order to meet the market's needs. This has made researcher research on the financial system of the Singapore government. Reference Beaverstock J.V. 2002. Transnational elites in global cities: British expatriates in Singapore's financial district. Geoforum 33(4) pp.525-538. Bond S. Elston J.A. Mairesse J. and Mulkay B. 2003. Financial factors and investment in Belgium France Germany and the United Kingdom: A comparison using company panel data. The Review of Economics and Statistics 85(1) pp.153-165. Bryant R.C. 1986. The evolution of Singapore as a financial center (No. 45). Brookings Institution. Evans O. Leone A.M. Gill M. Hilbers P. Blaschke W. Krueger R. Moretti M. Nagayasu J. O Brien M. and Berge J.T. 2000. Macroprudential indicators of financial system soundness. Gerrard P. and Barton Cunningham J. 1997. Islamic banking: a study in Singapore. International Journal of Bank Marketing 15(6) pp.204-216. Schall L.D. and Haley C.W. 1980. Introduction to financial management. McGraw-Hill Companies. [...]
Write an 800 words essay on: Outline and discuss the Singapore financial system including the strengths and weaknesses of the system. It has to have a minimum of 6 references. Reference style has to be Harvard Referencing.