Singapore: MAS does not see rising rates leading to rising foreclosures

clock • 3 min read

Singapore's financial regulator, the Monetary Authority of Singapore, has responded to a Parliamentary Question by stating it does not expect widespread foreclosures in the jurisdiction in response to rising interest rates. The response came to a question put by Alex Yam Ziming, MP. The answer was provided by Alvin Tan, minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and board member of MAS, on behalf of Tharman Shanmugaratnam, senior minister and minister in charge of MAS. The question read: "To ask the Prime Minister (a) what proportio...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?