IMF team involved in stress tests flags risks from jump in credit, real estate prices
[SINGAPORE] Singapore banks are so well-buffered that they will be able to withstand even a 50 per cent plunge in property prices here if this were to occur over the next two years, say stress tests done by the International Monetary Fund (IMF) and the Monetary Authority of Singapore (MAS).
The tests were performed as part of the IMF's Financial Sector Assessment Programme (FSAP), which the Fund undertakes every five years with the world's major financial centres, of which Singapore is one.
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Private Residential Property Price Index
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