Monetary Authority of Singapore – Singapore

The Monetary Authority of Singapore (MAS) is the central bank and integrated financial regulator of Singapore. Established in 1971, MAS oversees all elements of monetary policy, banking, insurance, securities, and the financial sector in Singapore.

Key Functions and Responsibilities

• Monetary Policy and Financial Regulation: MAS formulates and implements monetary policy, manages the exchange rate, and oversees the financial sector to ensure its stability and development.
• Consumer Protection: MAS ensures the financial services industry operates transparently and fairly, safeguarding consumer interests through regulation and supervision.
• Market Integrity: It works to maintain the integrity and efficiency of Singapore’s financial markets by enforcing robust regulatory frameworks and promoting best practices.

Strategic Initiatives

MAS is committed to enhancing Singapore’s position as a leading international financial center. This includes initiatives to promote fintech innovation, strengthen cybersecurity, and advance sustainable finance. For instance, MAS has launched the ESGenome portal to streamline sustainability reporting and enhance investor access to ESG data.

Recent Developments

MAS has recently collaborated with the National Bank of Cambodia to set up a Financial Transparency Corridor, aiming to support small and medium enterprises by facilitating cross-border financial services. This highlights MAS’s commitment to fostering international cooperation and financial inclusion.