Singapore capitalizes on upheaval to become a financial hub

04/25/2011 | Economist (free content), The

During the past several years, Singapore has emerged as one of the leading financial centers of the world, partially thanks to its ability to take advantage of upheaval, according to The Economist. While some financial hubs, such as Switzerland and London, have tried to balance attracting bankers and punishing them for some activities, Singapore has welcomed them with open arms. Thousands of financial-services companies have registered with the city-state's monetary authority, and derivatives and other ancillary operations have thrived.

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Economist (free content), The

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