Diversified Financial Services
Company Overview of Monetary Authority of Singapore
Monetary Authority of Singapore 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. MAS 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 York City and London, United Kingdo...
10 Shenton Way
Founded in 1971
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
Assistant Managing Director of Corporate, Human Resources & ITServices and Assistant Managing Director of Mas Academy
Chief Economist and Assistant Managing Director of Economic Policy
Compensation as of Fiscal Year 2015.
Monetary Authority of Singapore Key Developments
Monetary Authority of Singapore Announces Formation of New FinTech and Innovation Group; Announces Executive Appointments to the FinTech and Innovation Group
Jul 30 15
The Monetary Authority of Singapore announced the formation of a new FinTech and Innovation Group, or FTIG, within its organization structure, effective August 1, 2015. FTIG will be responsible for regulatory policies and development strategies to facilitate the use of technology and innovation to better manage risks, enhance efficiency, and strengthen competitiveness in the financial sector.
The company has appointed Sopnendu Mohanty as its Chief FinTech Officer to head FTIG. Sopnendu joins MAS from Citibank. He will report to Jacqueline Loh, Deputy Managing Director (Monetary Policy & Investment/Development & International). FTIG will comprise: Payments & Technology Solutions Office, led by Bernard Wee, which will formulate regulatory policies and develop strategies for simple, swift and secure payments and other technology solutions for financial services; Technology Infrastructure Office, led by Tan Yeow Seng, which will be responsible for regulatory policies and strategies for developing safe and efficient technology enabled infrastructures for the financial sector, in areas such as cloud computing, big data, and distributed ledgers; and Technology Innovation Lab, led by Roy Teo, which will scan the horizon for cutting-edge technologies with potential application to the financial industry and work with the industry and relevant parties to test-bed innovative new solutions.
The Monetary Authority of Singapore Reports Earnings Results for the Year Ended March 31, 2015
Jul 22 15
The Monetary Authority of Singapore reported earnings results for the year ended March 31, 2015. For the year, the company reported lower net profit of SGD 281 million, due to currency effects. The negative translation effect arose as the Singapore dollar strengthened against the euro and yen by 17.6% and 6.7% respectively, which more than offset translation gains as the Sing dollar weakened by 8.3% against the U.S. dollar.
Ifast Financial Pte. Ltd. Obtains Approval from Monetary Authority of Singapore for Extension of Dealing and Provision of Custodial Services to Include Bonds and ETFs
Apr 30 15
The Board of Directors of iFAST Corporation Ltd. announced that the Company's wholly-owned subsidiary, iFAST Financial Pte Ltd. has obtained approval from the Monetary Authority of Singapore to its application to extend its conduct of dealing in and providing custodial services for securities to include bonds and exchange-traded funds, subject to additional licence conditions proposed by MAS. The approval will allow iFAST Financial to broaden the range of investment products that it can distribute. iFAST Financial is planning to commence the distribution of bonds and ETFs in Singapore during the second quarter of 2015.
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