Mission:
The Committee enables exchange of
information on local and regional financial issues through
presentations by
speakers and informal networking opportunities.
Representatives of major
American and international financial institutions also exchange views
on issues
for potential advocacy to local or regional authorities.
Industry
Brief:Singapore
has earned a highly
regarded reputation as a top international financial center.It is a leading world
trading hub in foreign
exchange and derivatives.There
are
about 900 local and foreign banking and financial institutions in Singapore
that provide services relating to trade financing, foreign exchange,
derivatives products, capital markets activities, loan syndication,
underwriting, mergers and acquisitions, asset management, securities
trading,
financial advisory services and specialized insurance services.The
Monetary Authority of Singapore (MAS) performs all the functions of a
central
bank and maintains responsibility for all matters relating to banks and
financial institutions.Besides
regulating financial institutions, the MAS operates a Financial Sector
Promotion Department that encourages new financial activities, develops
IT
infrastructure along with manpower resources for the financial sector
and
designs appropriate incentives to attract international financial firms
to
conduct activities in Singapore.AmCham’s
committee members have extensive experience working with the MAS and
frequently
share their insights with fellow members through various AmCham events.
Meetings:
The Committee holds a meeting
and invites a speaker to discuss issues of concern to members on a
monthly basis.
Click here
for a list of past Financial Services commitee meetings.
