By Jessica Cheam

SINGAPORE'S financial system remained relatively robust despite the global financial crisis, according to the World Economic Forum's latest report released on Friday.

The Forum's annual Financial Development Report shows Singapore's ranking improving to the top four in 2009, from 10th position in 2008.

The report ranks 55 of the world's leading financial systems and capital markets by analysing the drivers of financial system development and economic growth in various countries.

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