August 29, 2016 3:22 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 AVCJ Private Equity & Venture Forum - Singapore 2016, Jul-20-2016 11:45 AM

Monetary Authority of Singapore Presents at AVCJ Private Equity & Venture Forum - Singapore 2016, Jul-20-2016 11:45 AM. Venue: Four Seasons Hotel, 190 Orchard Boulevard, Singapore 248646, Singapore. Speakers: Sopnendu Mohanty, Chief Fintech Officer.

Monetary Authority of Singapore Order to Close Down BSI Bank

The Monetary Authority of Singapore's (MAS) order to close down BSI Bank sends out a strong message to banks and financial institutions operating in the Republic that it has a zero-tolerance policy towards those abusing the financial ecosystem here, industry experts said yesterday. MAS revoked BSI Bank's merchant banking licence in Singapore for serious breaches of anti-money-laundering rules amid a global probe into the accounts of Malaysian state investment fund 1MDB. It also imposed fines on the lender amounting to SGD 13.3 million. MAS is working with the Swiss authorities to ensure an orderly shutdown of BSI Bank's operations in Singapore. While industry experts said there will be no big impact on BSI Bank's clients in general, those found involved in illicit monetary transactions will be taken to task. Veteran market watcher Mano Sabnani said the problems at BSI are not likely to be contagious. In the past five years, rules surrounding tax reporting and anti-money-laundering have been tightened in Singapore and globally. While this has resulted in increased costs in compliance and surveillance, Ms. Tan Su Shan, the co-chair of MAS' Private Banking Industry Group, said it is better for all industry players in the long run as standards are lifted across the board. Singapore prides itself as a clean and trusted financial centre based on solid regulations. To continue to grow as a robust and sustainable financial hub, she said industry players must recognize that they play an important role to guard against illicit funds flows.

Monetary Authority of Singapore Presents at FT Asia Banking Forum, Jun-22-2016

Monetary Authority of Singapore Presents at FT Asia Banking Forum, Jun-22-2016. Venue: Singapore. Presentation Date & Speakers: Jun-22-2016, Lim Tuang Lee, Executive Director, Prudential Policy Department, Sopnendu Mohanty, Chief Fintech Officer.

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