ABSTRACT
Over the past five decades, Singapore has established a sound and progressive financial center of international repute that serves both the local economy and the Asia-Pacific region. As an international financial center, it is home to a high concentration of over 1,200 financial institutions which offer myriad products and services across diverse asset classes. Financial markets in Singapore are well established, and the main financial services industries include banking (especially investment banking, wealth management and treasury activities), insurance, and capital market (securities, futures, and derivatives) services. The key descriptors of the financial center in Singapore are an efficient pro-business environment; an effective regulatory environment; excellent infrastructure; and the availability of a highly skilled and experienced pool of finance professionals.
