SINGAPORE has come through the year-long global financial crisis with its reputation and standing enhanced, said Minister for Law and Second Minister for Home Affairs K Shanmugam on Tuesday.

He noted that local banks have avoided investing heavily in risky products and excesses, and the regulatory environment was such that prudence was emphasised.

'Our banks had strong capital base. Risk had been managed well. Throughout the crisis, no one questioned the stability or strength of our financial system or the banks,' he told an Asia conference of the Society of Trust and Estate Practitioners on Tuesday morning.

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