Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 02, 2015 9:13 PM ET

Diversified Financial Services

Company Overview of Monetary Authority of Singapore

Company Overview

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

MAS Building

Singapore,  079117

Singapore

Founded in 1971

Phone:

65 6225 5577

Fax:

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
Assistant Managing Director of Corporate, Human Resources & ITServices and Assistant Managing Director of Mas Academy
Chief Economist and Assistant Managing Director of Economic Policy
Chief Examiner
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

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

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

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2015
BR Properties S.A.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Monetary Authority of Singapore, please visit www.mas.gov.sg. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.