January 22, 2017 6:49 AM ET

Diversified Financial Services

Company Overview of Monetary Authority of Singapore

Company Overview

Monetary Authority of Singapore is a government institution that regulates monetary, banking, and financial aspects of Singapore. The institution assists in promotion of non-inflationary growth of economy; issuing currency and government securities; and developing monetary policies. It operates as a financial agent of the government and develops strategies for development of private sector. In addition, it offers economic research services and assists in regulating banking, insurance, and securities sectors. It also focuses on global free trading and developing economic and financial policies. The institution was founded in 1971 and is based in Singapore. It has additional offices in New Yor...

10 Shenton Way

MAS Building

Singapore,  079117


Founded in 1971


65 6225 5577


65 6229 9229

Key Executives for Monetary Authority of Singapore

Managing Director, Director, Member of Risk Committee and Member of Staff Committee
Deputy Managing Director of Financial Supervision
Executive Director of Corporate Planning & Communications and Executive Director of Capital Markets Intermediaries I
Assistant Managing Director of Corporate, Human Resources & IT Services and Assistant Managing Director of MAS Academy
Chief Economist and Assistant Managing Director of Economic Policy
Compensation as of Fiscal Year 2016.

Monetary Authority of Singapore Key Developments

Monetary Authority of Singapore Presents at 12th Annual FIA Asia Derivatives Conference, Dec-06-2016

Monetary Authority of Singapore Presents at 12th Annual FIA Asia Derivatives Conference, Dec-06-2016 . Venue: The St. Regis Singapore, Singapore, Singapore. Speakers: Ng Yao Loong, Executive Director, Markets Policy & Infrastructure Department.

The Monetary Authority of Singapore Fines Standard Chartered and Coutts for 1MDB-Linked AML Breaches

The Monetary Authority of Singapore (MAS) has fined the Singapore branches of Standard Chartered Bank (SCB) and Coutts for violation of anti-money laundering (AML) requirements linked to scandal-ridden Malaysian state fund 1Malaysia Development Berhad (1MDB). SCB has been fined SGD 5.2 million, while Coutts has been fined SGD 2.4 million for these breaches. Despite finding the breaches, the central bank said that it did not find pervasive control weaknesses or wilful misconduct at SCB. In case of Coutts, an overall 24 breaches of AML requirements in relation to customer due diligence measures for politically exposed persons (PEPs) were found. In addition, the central bank also plans to issue a prohibition order against former Goldman Sachs director Tim Leissner for making false statements on behalf of Goldman Sachs (Asia) without the bank’s knowledge.

The Monetary Authority of Singapore and Korean Financial Services Commission Sign Cooperation Agreement in FinTech

The Monetary Authority of Singapore (MAS) and the Korean Financial Services Commission (KFSC) signed a cooperation agreement to foster greater cooperation in FinTech. The agreement provides a framework for cooperation in FinTech between Singapore and South Korea. Under the agreement, MAS and KFSC will explore potential joint innovation projects on technologies such as big data and mobile payments. MAS and KFSC will also discuss issues of common interest, and share information on FinTech trends and how it may impact existing regulations.

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