Since its first edition in 1978, Financial Markets and Institutions in Singapore has been the definitive reference work on Singapore's financial sector and the nation-state's strategy for becoming a financial center of global importance. Financial institutions are described in detail, as are the operation of the key markets - including the equity, forex, bond, capital, commodity and futures markets. Singapore's regulatory institutions and strategies are described as well. This new edition highlights the latest developments in Singapore's fast-changing financial services industry. The author examines recent developments, among them the introduction of new laws such as the Securities and Futures Act (SFA), Financial Advisers Act (FAA), the new Financial Sector Incentives (FSI) scheme, which consolidated several tax schemes applied to the different capital markets. Another highlight of recent changes is the newly-launched national financial education programme in Singapore, which aims to enhance the basic financial literacy of consumers. Financial Markets and Institutions in Singapore is an important textbook for students and the single best introduction to Singapore's financial sector.