DOCSLIB.ORG

Sibos Issues

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sibos Issues Sibos Week in review 2015 in review Week Issues he official daily newspaper of Sios Singapore - ctoer Future of Reinventing Responding Renminbi: An industry Money: banks for the to risk Not if, ripe for “We’re all in digital age page 10 but when transformation this together.” page 7 page 14 page 18 page 4 PUBLISHER’S LETTER Something for everyone Dear Sibos 2015 delegates Let me begin by thanking you for making this year’s Sibos in Singapore the iggest event we have held in the sia-acific region and the second iggest Sibos ever. A total of 8,213 of you walked through the doors of the Marina Bay Sands Expo and Convention Centre over the four days of Sibos 2015, and I trust that your experience was a valuable and enjoyable one. Our aim is to make Sibos relevant to the broadest spectrum of the financial community. his year’s record-reaing figures suggest we’re getting something right, but we continue to seek improvements and value your feedback. We realise that most people attend Sibos for a variety of reasons, which is why we try to meet your high expectations both from a content perspective – providing high-level big issue debates on the Internet of Things, disruptive risks and the internationalisation of the RMB as well as more granular and interactive discussions and workshops – and in terms of opportunities to sit down with customers and network with peers. Of course, Sibos is not purely a once-a-year experience. We hope that you take home with you some new ideas and perspectives that can help improve your performance and that of your organisation in the year ahead. To that end, this wrap edition of Sibos Issues contains summaries of the main sessions and industry themes explored at Sibos 2015, highlighting the main points of discussion that may inform your future decisions. e loo forward to finding out next year how your usinesses have progressed and how the industry has evolved and – importantly – how Sibos can further support your needs. We are already well advanced in our planning for Geneva. Look out for more details on www.sibos.com, and of course the first edition of Sios ssues. Best wishes Sven Bossu, head of Sibos Publisher: Sven Bossu, SWIFT Managing editor: Alan Rowan, SWIFT Sibos Issues is written and produced by Asset International on behalf of SWIFT Advertising contact: Stephanie Gerniers, SWIFT; [email protected]; +32 2 655 4734 Printed by Innovative Print Solutions Pte Ltd Legal notice: SWIFT © 2015 Reproduction is authorised with acknowledgement of source. All other rights reserved SWIFT, the SWIFT logo, Sibos, Accord, SWIFTReady, and SWIFTNet are registered trademarks of SWIFT. Photographs feature SWIFT employees, customers and partners. Sibos, powered by SWIFT. Sibos Issues 1 www.sibos.com www.swift.com CONTENTS PUBLISHER’S PAYMENTS LETTER The payments Something for conundrum everyone page 33 page 1 SECURITIES FUTURE OF MONEY Firms plot route out “We’re all in this of perfect storm together.” page 36 page 4 COMPLIANCE FORUM BIG ISSUE DEBATE: Banks, regulators INTERNET OF grapple with THINGS evolving challenges Reinventing banks page 38 for the digital age page 7 CORPORATE FORUM BIG ISSUE DEBATE: Singapore feels full DISRUPTION, force of trade winds GEOPOLITICS, AND page 41 FINANCE Responding to risk DIVERSITY page 10 Not just a numbers game BIG ISSUE DEBATE: page 44 RMB Not if, but when ASEAN page 14 Balancing act page 47 PLENARIES An industry ripe for SWIFT INSTITUTE transformation Finance under the page 18 microscope page 50 MARKET INFRASTRUCTURES WORKSHOPS FORUM Picture this Creativity behind page 52 the scenes page 21 GAME CHANGERS Are you ready for TECHNOLOGY the next great leap FORUM forward? Getting relevant, page 54 staying safe page 24 SIBOS 2015 SINGAPORE STANDARDS FORUM IN NUMBERS What’s the secret of Page 57 standards success? page 27 INNOTRIBE Reaching for a digital future page 30 Sibos, powered by SWIFT. Sibos Issues 2 www.sibos.com www.swift.com Wondering where Sibos is next year? (Here‘s a subtle hint.) As one of Switzerland’s finest exporters of quality services, we are delighted that Sibos 2016 moves to our neck of the woods (and lakes and mountains…!). And we look forward to welcoming all of you to what will certainly be a brilliant Sibos in Geneva. See you next year! Securities Services FUTURE OF MONEY We’re all in this together. Digital innovation can transform credit provision – but only if solution providers collaborate to embrace real-world change. “What is the next big trend in our lives? The next big disruption will be at the heart of the finance industry, which is credit,” said Udayan Goyal, co-founder and co-managing partner, Apis Partners, opening Innotribe’s 2015 ‘Future of Money’ session. To ensure a ‘crossfire’ of ideas on the future of credit, the speaker panel was split between bankers and ‘disruptive’ technology providers, who were placed on either side of a packed conference room. “The people you see on this stage are fundamentally disrupting credit, but the big pools of capital sit within the global institutions,” said Goyal referring to panellists on the other side of the room. But was this about the disruption or the are starting to engage in this industry, we Rules of engagement transformation of credit assessment and have Google, Amazon, Apple. Standing still provision? Goyal went on to propose “co- is not an option,” said Goyal. What is needed A number of messages were emphasised opetition” as a model for the future – the – and what the session amply delivered – is throughout the session: bankers need to idea that we can compete and collaborate not so much a confrontation, as active and work together and together with innovative at the same time. “There are innovators on creative engagement between very different startups (and with others, such as telcos); both sides who are making that happen. Also, actors and speakers, all with substantive bankers also need to recognise that they outside this room, there are the telcos, who contributions to make. can be innovators too. And innovators need Sibos, powered by SWIFT. Sibos Issues 4 www.sibos.com www.swift.com FUTURE OF MONEY There is a need for collaboration between the various actors, not just startups and banks, but also governments and regulators, incubators and tech channels. Claire Calmejane, director of innovation, Lloyds Banking Group to recognise that they need banks as much company, figuring out who to partner with, as banks need them, not least because who to learn from, who to invest in, who to banks offer scale. Claire Calmejane, director partner with in strong or weak networks, of innovation at Lloyds Banking Group, you may be missing the boat.” said: “We have a strong view about the We have to work together, possibly with need for collaboration between the various unexpected partners, possibly in unfamiliar actors, not just startups and banks, but also ways. But work together on what? “It’s governments and regulators, incubators really about data and analytics, and it’s and tech channels such as Google and about committing a lot of resources, and Facebook.” In short, we’re all in this if you’re not focused on that, you’re together. Steve Ellis, group head, innovation not going to be relevant in five years, group, Wells Fargo, said: “The smartest perhaps even in three,” Ellis added. By people in the world don’t work for your this mid-point in the session, delegates company. If you’re not looking outside your had already heard short presentations GLOBAL TRANSACTION BANKING & SECURITIES SERVICES MEET US NEXT YEAR AT SIBOS IN SWITZERLAND SIBOS.SOCIETEGENERALE.COM Societe Generale is a credit institution and investment services provider (entitled to perform banking activities and/or to 26-29 provide investment services other than the operation of multilateral trading facilities) authorised and regulated by the French Autorité de Contrôle Prudentiel et de Résolution (Prudential and resolution control authority), Autorité des Marchés Financiers SEPTEMBER (Financial markets authority) and for prudential purpose, by the European Central Bank (ECB). Societe Generale benefi ts from the EC passport authorising the provision of certain banking and investment services within the EEA. This material has been prepared solely for information purposes and does not constitute an offer from Societe Generale to enter into a contract. Not all 2016 products and services offered by Societe Generale are available in all jurisdictions. Please contact your local offi ce for any further information. © 2015 Societe Generale group and its affi liates. © Corbis. FRED & FARID Sibos,SOGE_1509_SIBOS_ISSUE_WARP_UP_GTB_SGSS_180x118.indd powered by SWIFT. 1 Sibos Issues 5 www.sibos.com www.swift.com22/09/2015 12:04 FUTURE OF MONEY hard part is not making the loan; the hard part is getting the money back.” And that was where the creative engagement really broke out. The innovators asserted the Partnering is the way ability of their credit-scoring methodologies that this will play to correlate behaviour with a tendency towards repayment; the global bankers then out, probably more led the discussion on the full range of issues than you think. that will have to be addressed prior to the banking industry’s widespread conversion Steve Ellis, group head, innovation group, Wells Fargo to the tech-enabled future for credit scoring. There were contributions from Neal Cross, chief innovation officer at S an, eda told, could be applied to small- to medium- Glyptis, head of EMEA Innovation Centre, sized enterprises, retail customers and Mellon, nu atwardhan, gloal chief even those currently excluded from credit. innovation officer, Standard hartered an, iscussing the typically moile-owning and Angus Scott, head of product strategy unaned, who y definition cannot offer and innovation at Euroclear.
Load more

Recommended publications
  • Introduction to Network Science & Visualisation
    IFC – Bank Indonesia International Workshop and Seminar on “Big Data for Central Bank Policies / Building Pathways for Policy Making with Big Data” Bali, Indonesia, 23-26 July 2018 Introduction to network science & visualisation1 Kimmo Soramäki, Financial Network Analytics 1 This presentation was prepared for the meeting. The views expressed are those of the author and do not necessarily reflect the views of the BIS, the IFC or the central banks and other institutions represented at the meeting. FNA FNA Introduction to Network Science & Visualization I Dr. Kimmo Soramäki Founder & CEO, FNA www.fna.fi Agenda Network Science ● Introduction ● Key concepts Exposure Networks ● OTC Derivatives ● CCP Interconnectedness Correlation Networks ● Housing Bubble and Crisis ● US Presidential Election Network Science and Graphs Analytics Is already powering the best known AI applications Knowledge Social Product Economic Knowledge Payment Graph Graph Graph Graph Graph Graph Network Science and Graphs Analytics “Goldman Sachs takes a DIY approach to graph analytics” For enhanced compliance and fraud detection (www.TechTarget.com, Mar 2015). “PayPal relies on graph techniques to perform sophisticated fraud detection” Saving them more than $700 million and enabling them to perform predictive fraud analysis, according to the IDC (www.globalbankingandfinance.com, Jan 2016) "Network diagnostics .. may displace atomised metrics such as VaR” Regulators are increasing using network science for financial stability analysis. (Andy Haldane, Bank of England Executive
    [Show full text]
  • Funds Europe & Funds Global
    Funds Europe & Funds Global - Audience 2018 1 • About Funds Europe & Funds Global…………………........................Page 3 • Readership by Seniority……….………………......................................Page 4 • Print Circulation……….……………………………………………………………… Page 5 • Online Audience……………………………………………………………………… Page 6 • Email Audience……….…..…….…………………………………………………… Page 8 • Media Partnerships…….…….……………………………………………….…… Page 9 • Forward Features…....………………….……………………………………….… Page 10 • Deadlines/On-sale Dates…....………………….…..……………………….… Page 11 2 Funds Europe – A multi channel audience Funds Europe is the leading monthly title for senior institutional investors, fund 18,540 print managers, asset servicing professionals and fund distributors. Each issue offers exclusive news, analysis, features and interviews providing a complete view of the cross border funds industry; including coverage of investment strategy, geo-political issues 55,000+ online that affect investments, asset allocation, regulation, custody and transfer agency. Funds Global is all about connecting the growing funds world across the East-West Corridor between Asia, Middle East, Latin America and Europe. The industry is about connectivity, partnership and sharing; Funds Global seeks to join local markets 16,000+ emails around the world. Funds Europe & Funds Global content is available in print, online, via daily newsletter & social media. 6,000+ Followers 3 Readership by Seniority & Function Level Title Share Type Function Share Chief Executive Officer Institutional Investors 38% Senior
    [Show full text]
  • 'The Apprentice': Ex-Diversityinc Employee Gives Us the Inside Scoop by Yoji Cole
    http://www.diversityinc.com 'The Apprentice': Ex-DiversityInc Employee Gives Us the Inside Scoop By Yoji Cole If you're a fan of NBC's Donald Trump-led "Apprentice," Surya Yalamanchili, the most recently fired candidate and the former marketing director of DiversityInc, wants to tell you the show is less about dealing with office politics than it is about dealing with being a game contestant. "It wasn't what I expected," said Yalamanchili, who was depicted as intense and focused on the show in contrast to other contestants who were more playful. "I expected a six-week job interview and got a game show, but the game show was the experience of a lifetime." Yalamanchili, 25, who is currently a brand manager for emerging media strategy at Procter & Gamble, one of DiversityInc's 25 Noteworthy Companies in 2006, is an achiever. His potential was evident early on. Prior to P&G, he worked at DiversityInc as an intern and was promoted to director of marketing while he attended college full time. In addition to his salary, DiversityInc paid his tuition at Rutgers University. "Surya is one of the most intelligent people I've ever met," says DiversityInc Partner and Cofounder Luke Visconti. "He was an exceptionally capable intern, easily No. 1 out of hundreds we've employed over the years. He has a keen strategic mind." "At DiversityInc I learned about how diversity should work at an organization to make it stronger," says Yalamanchili. "At Procter, I saw those principles at work. The people here have the utmost integrity.
    [Show full text]
  • View Or Download the Dealers List Here
    DEALERS Compiled by Robin Hildyard FSA (Last updated July 2021) “CHINA-MEN. This business is altogether shopkeeping, and some of them carry on a very considerable trade, joining white flint glass, fine earthenware and stoneware, as well as teas, with their china ware. They usually take with an apprentice from 20 to 50£, give a journeyman 20 to 30£ a year and his board, and employ a stock of 500£ and often more” A General Description of all Trades digested in alphabetical order Printed by T.Walker at the Crown & Mitre, opposite Fetter Lane, Fleet Street 1747. --------------------------------------------------------------- “The Earthen-Ware Shop is a Dependant on the Pot-House. They buy their Goods from several Houses in England, from Holland, and at the Sales of the East-India Company. They generally deal in Tea, Coffee and Chocolate” R.Campbell, The London Tradesman, London 1747 ----------------------------------------------- This list, which can never be complete, includes retailers with their shops and warehouses, factory shops, auctioneers, suppliers of tools and materials to the pottery trade, independent enamellers, gilders and printers together with their suppliers, japanners, glass cutters, glass engravers, glass enamellers, china menders, toymen, jewellers, confectioners, wine merchants and other trades likely to be involved in selling, embellishing or hiring china, earthenware or glass. ----------------------------------------------------------- ANONYMOUS: 1735, at the Glass Sellers Arms, next door to the Globe Tavern in Fleet Street, to be sold very cheap, “very cheap China Ware” and glass etc. (Daily Journal 30 Aug. 1735, Buckley notes Ceramics Dept. library 9B10). This is Benjamin Payne (qv), and see also under Mr.Ward at this address in 1736.
    [Show full text]
  • Sibos Issues I Sibos 2018 Sydney I 22-25 October
    WRAP-UP EDITION Sibos Issues I Sibos 2018 Sydney I 22-25 October Expect the Catching up with A problem Meshing new Asia’s great unexpected the customer shared … with old leap forward page 6 page 12 page 18 page 24 page 30 Sibos 2018 Sydney PUBLISHER’S LETTER in numbers Contents page TOTAL PARTICIPANTS MALE 73% FEMALE 27% 7526 5494 2032 From Sydney to London UK/NORDICS 26% 1248 16% 1931 Dear Sibos delegates We hope you enjoyed attending Sibos 2018 as much as we enjoyed hosting it. The attendance and networking metrics speak for themselves: more than 7,500 delegates attended the conference and exhibition, sharing their contacts via their Sibos badges 100,000 times. Some things can’t be measured of course, such as the value of the AMERICAS unique insights gained by delegates from their individual Sibos experience. We can 13% only hope that the opportunities to understand industry trends and develop business 990 opportunities in Sydney will bear fruit in the months and years to come. The Sibos team always looks to learn from one year to the next to ensure we continue APAC to enhance the experience of delegates and exhibitors. Personally speaking, three 45% elements made Sibos in Sydney a special occasion: a great location, with the light- filled venue set in a spectacular and welcoming host city; a dynamic industry buzz, 3357 animated by exciting future opportunities driven by demographics and technology; and an insightful content programme, in which experts from across the industry and the wider business community shared their perspectives on multiple hot topics.
    [Show full text]
  • EMPOWERMENT Imagine Believe Achieve
    2016 Sponsorship Prospectus EMPOWERMENT Imagine Believe Achieve DETROIT page 2 Welcome Thank you for your interest in partnering with and sponsoring the National Association of Asian American Professionals (NAAAP). As a sponsor or partner, you will have access to NAAAP’s 3,000 registered members, 27 chapters across North America, and a reach of more than 20,000 Asian professionals. This prospectus highlights 2016 sponsorship opportunities including: • 2016 National Leadership Academy with ERG Leadership Symposium (February 19 - 21, 2016 in Denver) • 2016 National Convention with ERG Summit and Recruitment Expo in Las Vegas, NV (August 11-13, 2016 in Las Vegas) • "Women in NAAAP" Leadership Program • National Student Scholarship Program • Leadership and Professional Development Series • National Career Center Join us to provide leadership development programs and experiences among Asian American & Pacific Islander professionals and entrepreneurs. Fabian De Rozario Farzana Nayani Mike Valdez NAAAP National NAAAP National Director NAAAP National Chief Business President/CEO of ERG Relations Development Officer 404.409.2471 213.631.1328 815.451.3300 [email protected] [email protected] [email protected] Senior Consultant, Programs and Vice President, Korn/Ferry International Membership Director, Northern Trust Principal, GlobalConnect Asian Business Association Chicago IL Consulting & Training Los Angeles CA Atlanta GA page 2 Welcome We are pleased to announce that the National Association of Asia American Professionals, NAAAP, has opened its Detroit Chapter! We are motivated, organized, and moving forward with an exciting and aggressive schedule of events: Our informal kickoff event in July, held in collaboration with the Council of Asian Pacific Americans, attracted more than 1,000 people.
    [Show full text]
  • Guide to Sibos 2020 5−8 October 2020 At
    Join us at the Deutsche Bank running alongside Sibos from 5−8 October 2020 Deutsche Bank Corporate Bank Guide to Sibos 2020 5−8 October 2020 at www.sibos.com www.db.com/sibos The Deutsche Bank festival of On the finance occasion of Sibos join us for a unique 5–8 October 2020 interactive experience ANDRE TOM PAULA BAJORAT MARION POPE ROELS VIET LABOURE LINH LE Deutsche Bank Yoga & Keynotes Art Expert Mindfulness Experience FinTech Workshops Talks Register now to attend at bit.ly/festivaloffinance db.com/sibos //3 The Deutsche Bank Welcome festival With Sibos 2020 almost upon us, we present our handy Guide to Sibos. Not only does it provide an overview of each day, but we have included of some short articles from a range of experts touching on a number of the themes in the conference programme. In addition we are offering you a unique way to experience what Deutsche Bank has in store during Sibos 2020 – via a 3D interactive world, where your Avatar can On the finance network with others ‘in person’ … the closest you’ll get to the real occasion of Sibos experience. Sibos join us 5–8 October 2020 for a unique We look forward to “seeing” you at Sibos. interactive experience Your Deutsche Bank flow Editorial Team Contents ANDRE TOM PAULA BAJORAT MARION POPE ROELS VIET Welcome and Contents 3 LABOURE LINH LE 1 Deutsche Bank's Festival of Finance 4 2 Connecting the financial community 5 3 Towards a digital Sibos 7 4 Day 1: Delivering digital value 8 Finance 4.0 for Industry 4.0 9 Where are we on the journey to ISO 20022? 11 5 Day 2: Responsible
    [Show full text]
  • The Society for Worldwide Interbank Financial Telecommunication (SWIFT)
    The Society for Worldwide Interbank Financial Telecommunication (SWIFT) This book traces the history and development of a mutual organization in the financial sector called SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Over the last 40 years, SWIFT has served the financial services sector as proprietary communications platform, provider of products and services, standards developer, and conference organizer (Sibos). Founded to create efficiencies by replacing telegram and telex (or “wires”) for international payments, SWIFT now forms a core part of the financial services infrastructure. It is widely regarded as the most secure trusted third-party network in the world serving 212 countries and over 10,000 banking organizations, securities institutions, and corporate customers. Through every phase of its development, SWIFT has maintained the status of indus- try cooperative, thus presenting an opportunity to study broader themes of globaliza- tion and governance in the financial services sector. In this book the authors focus on how the design and current state of SWIFT were influenced by its historical origins, presenting a comprehensive account in a succinct form which provides an informative guide to the history, structure, activities, and future challenges of this key international organization. This work will be of great interest to students and scholars in a wide range of fields including IPE, comparative political economy, international economics, busi- ness studies, and business history. Susan V. Scott is a Reader in the Information Systems and Innovation Group, Department of Management, at The London School of Economics and Political Science. She received a Ph.D. from the Judge Business School at the University of Cambridge.
    [Show full text]
  • The Fintech Opportunity for Sydney
    Unlocking the potential: The Fintech opportunity for Sydney October 2014 Unlocking the potential: the Fintech opportunity for Sydney Foreword from the Deputy Premier Sydney’s position as Australia’s financial services powerhouse is set to move up a gear. The convergence of digital and financial sector strengths and growing global recognition of the city’s role as a key financial hub for the Asia Pacific are fuelling Sydney’s fast emergence as one of the world’s most exciting new financial centres. The NSW Government has recognised this opportunity and is working with businesses and researchers to improve collaboration and knowledge sharing across the NSW financial services industry. We are supporting the establishment of an industry-led Knowledge Hub for financial services to create a new platform for collaboration, to enhance productivity and innovation, build capabilities, and identify market opportunities. With an improved culture of innovation and collaboration between government, industry and research, we have the potential to provide fresh insights for NSW businesses to help them build sustainable long term competitive advantages. The Financial Services Knowledge Hub, coordinated by the Committee for Sydney, aims to capitalise on this by positioning the NSW financial services industry for new markets, new opportunities, new capabilities and global growth. This report provides some specific insights into the rapidly developing market for financial services technology or Fintech, and it will help to inform the activities of the Financial Services Knowledge Hub. Fintech presents a fantastic opportunity for Sydney as a leading financial services and technology hub for Australia and the Asia Pacific. I commend the Committee for Sydney for commissioning this highly relevant research, and for its important ongoing role in driving growth and innovation with the Financial Services Knowledge Hub.
    [Show full text]
  • Class and Politics in Malaysian and Singaporean Nation Building
    CLASS AND POLITICS IN MALAYSIAN AND SINGAPOREAN NATION BUILDING Muhamad Nadzri Mohamed Noor, M.A. Political Science College of Business, Government and Law Flinders University Submitted in fulfillment of the requirements for the degree of Doctor of Philosophy August 2017 Page Left Deliberately Blank. Abstract This study endeavours to deliver an alternative account of the study of nation-building by examining the subject matter eclectically from diverse standpoints, predominantly that of class in Southeast Asia which is profoundly dominated by ‘cultural’ perspectives. Two states in the region, Malaysia and Singapore, have been selected to comprehend and appreciate the nature of nation-building in these territories. The nation-building processes in both of the countries have not only revolved around the national question pertaining to the dynamic relations between the states and the cultural contents of the racial or ethnic communities in Malaysia and Singapore; it is also surrounded, as this thesis contends, by the question of class - particularly the relations between the new capitalist states’ elites (the rulers) and their masses (the ruled). More distinctively this thesis perceives nation-building as a project by political elites for a variety of purposes, including elite entrenchment, class (re)production and regime perpetuation. The project has more to do with ‘class-(re)building’ and ‘subject- building’ rather than ‘nation-building’. Although this thesis does not eliminate the significance of culture in the nation-building process in both countries; it is explicated that cultures were and are heavily employed to suit the ruling class’s purpose. Hence, the cultural dimension shall be used eclectically with other perspectives.
    [Show full text]
  • Beijing to Taipei, Via Singapore from the 2015 Summit to the 2016 Taiwanese Elections
    China Perspectives 2016/1 | 2016 Photo Essay: Deng Xiaoping’s Failed Reform in 1975-1976 Beijing to Taipei, via Singapore From the 2015 Summit to the 2016 Taiwanese Elections Stéphane Corcuff Translator: Michael Black Electronic version URL: http://journals.openedition.org/chinaperspectives/6925 DOI: 10.4000/chinaperspectives.6925 ISSN: 1996-4617 Publisher Centre d'étude français sur la Chine contemporaine Printed version Date of publication: 1 March 2016 Number of pages: 55-58 ISSN: 2070-3449 Electronic reference Stéphane Corcuff, « Beijing to Taipei, via Singapore », China Perspectives [Online], 2016/1 | 2016, Online since 01 March 2016, connection on 15 September 2020. URL : http://journals.openedition.org/ chinaperspectives/6925 © All rights reserved Current affairs China perspectives Beijing to Taipei, via Singapore From the 2015 Summit to the 2016 Taiwanese Elections STÉPHANE CORCUFF he announcement of the summit held between the Chinese and Tai - being too confident of its chance of success. It appears that not only did wanese Presidents on 7 November 2015 in Singapore had the effect the intervention not benefit the KMT electorally, but also that the interna - of a thunderclap in Taipei, such was the surprise at the lack of prior tional benefits derived by Taiwan from such a summit proved to be real, T (1) information provided by the authorities on both shores. Various causes demonstrating that China cannot control the Taiwanese game: neither the have been advanced for the holding of the summit, an idea that has been carrot nor the stick seem to have any effect in the face of the affirmation discussed for 20 years, but which had never taken place due to the many of a Taiwanese nation.
    [Show full text]
  • The Remarkable Healthcare Performance in Singapore
    OUP CORRECTED PROOF – FINAL, 25/7/2019, SPi 3 The Remarkable Healthcare Performance in Singapore M. Ramesh and Azad Singh Bali Introduction Singapore’s healthcare system ranks among the best in the world in terms of various commonly used criteria such as infant and maternal mortality rates, life expectancy, and disability adjusted years, prompting Business Week magazine to rank it as the healthiest country on the planet. What is even more remarkable is that the fine outcomes are accomplished at less than half the costs in comparable countries. Policy reformers around the world have taken note of its achievements in recent years and have explored emulating it, though most observers admit that the social and political conditions in the island state are too different to allow emulation. Yet there are lessons to be drawn from the case that would be relevant to most countries. While the specific factors underlying the achievement of high healthcare out- comes at relatively low costs in Singapore are rooted in the country’s rather unique economy and politics, it is undeniable that the government has been the main architect of the system and a key driver of the reforms. In this chapter, we will chronicle and analyse the evolution of the policy measures and their performance since Independence. For the sake of simplicity, we will classify the vast and diverse range of factors that shape the performance of the healthcare sector under three categories: socio-economic development, policy tools, and political conditions. As will see in the chapter, there is no grand health ‘policy’ in Singapore.
    [Show full text]