The Implementation Of Basel Ⅱ In Singapore

To meet the latest requirement of banking supervision, the Basel Committee onBanking Supervision(BCBS) issued the"International Convergence of CapitalMeasurement and Capital Standards:A Revised Framework"(BaselⅡ) on June 26,2004, whose general framework is set up with three pillars: Minimum capitalrequirement, supervisory review process, and market discipline. For the first time,BaselⅡintroduces the concept of comprehensive risk management, and it will bringprofoundimpactonthebankingsupervision.Atpresent,itisjusttherighttimefortheBaselⅡtobeappliedallovertheworld.The implementation of BaselⅡin Singapore surely has positive researchsignificance, for its major financial market status and its advanced bankingsupervisionintheworld.Combiningseveralresearchmethodslikenormativeanalysis,empirical analysis, qualitative analysis and quantitative analysis, this paper attemptstogofurtherstudyontheimplementationofBaselⅡinSingaporewithintheBaselⅡframework.Thepaperisoutlinedwithsevenchapters:ChapterⅠintroducestheBaselⅡimplementation background in Singapore and its research significance; ChapterⅡtells the relative knowledge about BaselⅡ; ChapterⅢis about the conditions andgeneral plans of BaselⅡimplementation in Singapore; ChapterⅣpoints outSingapore's minimal capital requirement under BaselⅡ; Chapter V studies onSingapore's Supervisory review process under BaselⅡ; ChapterⅥconcerns aboutSingapore'smarketingdiscipline;ThefinalChapterⅦmakes ageneralconclusiononthis research. From the above analysis, we can see Singapore's attitude toward theBaselⅡis both positive and cautious, and its experience brings us a positivereference.Thelastpartofthispaperistheappendixandpostscript.