Monetary Authority of Singapore Annual Report 2010/2011
Our Work
SINGAPORE AS AN INTERNATIONAL FINANCIAL CENTRE   33
Financial Sector Growth   33
Promoting Partnership Framework and Enhancing Infrastructure   34
Promoting Partnership Frameworks   34
Trading and Clearing Infrastructure   34
Box 4 : Private Banking Industry - Code of Conduct   35
Infrastructure for Long Term Growth   35
Raising Standards and Building Competencies   36
Deepening Competencies in Banking   36
Building Research Capabilities   36

Promoting Partnership Frameworks

Singapore's position as a political risk insurance and infrastructure finance centre within Asia Pacific received a boost from the establishment of the Multilateral Investment Guarantee Agency's (MIGA) Asian operations in August 2010. MIGA aims to promote foreign direct investment into developing countries by providing political risk insurance to the private sector, and its enhanced Asian presence will provide more efficient access for Asian investors looking at regional or global investment opportunities.