Singapore Banking & Financial Services Q2 2019
Singapore is one of Asia's major financial hubs, and it is likely to benefit from the government's favourable policies todevelop the financial services sector. The economy's reliance on the financial sector will, therefore, persist over the coming years. Itsbanking sector is well capitalised due to a robust regulatory framework, but loan growth will likely come under pressure from thegovernment's property cooling measures and rising global trade tensions over the coming quarters. While the domestic market issmall, there are opportunities within the region as economic growth will likely be relatively healthy over the coming years.
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