Singapore Looks Well-Equipped to Weather Financial Shocks, MAS Review Shows

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SINGAPORE—Singapore’s corporate, household and financial sectors are in good shape to withstand shocks, but still face risks that could test their resilience, a review by the country’s central bank showed.

The Monetary Authority of Singapore’s Financial Stability Review, which gauges how well the city-state’s financial system can weather global risks and domestic vulnerabilities, found that most companies, banks and households have sufficient buffers to manage shocks to income and financing costs. Stress tests showed broad resilience among the sectors but also some weak spots that are more vulnerable to the impact of factors like high interest rates and slower global growth, according to the review released Monday.

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