Under the MAS Act, the Board of Directors of MAS is appointed by the President. The Grant will help FinTech firms maintain their operations, and enable them to continue to innovate and grow.MAS Enhances its Significantly Rooted Foreign Bank FrameworkMAS will award Significantly Rooted Foreign Bank (SRFB) privileges to SCBSL, allowing it to operate additional places of business. Mr Ravi Menon was appointed Managing Director of the Monetary Authority of Singapore (MAS) in 2011. It is expected to begin operating by the end of this year.MAS conducted thematic inspections on enterprise-wide risk assessment on money laundering and terrorism financing (EWRA) in 2020. The Asian Institute of Digital Finance (AIDF) will provide thought leadership and strengthen synergies between education, research and entrepreneurship in the thriving area of digital finance. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre. It was established in 1971 to act as the Singapore Government's banker. Please complete this online form if you wish to provide a feedback or suggestion, or make an enquiry on MAS’ policies or any other MAS-related matters. The directory provides a list of financial institutions regulated by MAS and the regulated activities they are authorised to provide.

Disclaimer: (1) These rates are the average of buying and selling interbank rates quoted around midday in Singapore. The finance companies are also encouraged to offer shareholders the option of receiving the dividends to be paid for FY2020 in scrip in lieu of cash.MAS announces key initiatives to support the adoption of SORA. Get notified whenever news and updates are posted on this website.MAS Calls on Finance Companies to Moderate FY2020 DividendsMAS Announces Key Initiatives to Support SORA AdoptionNew Asian Institute of Digital Finance to Spearhead FinTech Education and ResearchEnhancing Robustness of Enterprise-Wide Risk Assessment on Money Laundering and Terrorism FinancingRecent Economic Developments in Singapore, July 2020Consultation Paper on the New Omnibus Act for the Financial Sector Media Releases

The Chairman of the Board is appointed by the President on the recommendation of the Cabinet This paper highlights inspection observations and MAS’ supervisory expectations of effective EWRA frameworks and processes that financial institutions should benchmark themselves against.

Consultations


Monographs/Information Papers Access UN lists of designated individuals and entities for anti-money laundering and countering the financing of terrorism. This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects.This consultation seeks views on the harmonised and expanded power to issue prohibition orders, the regulation of virtual asset service providers created in Singapore for anti-money laundering and countering of financing of terrorism purposes, the harmonised power to impose requirements on technology risk management, and the provision of statutory protection from liability to mediators, adjudicators and employees of an operator of an approved dispute resolution scheme.Learn about the functions MAS performs as a Central Bank.Find out about MAS' approach to macroprudential policy.Maintaining a Robust, Resilient & Trusted Financial CentreFind out about regulations under MAS and our approach to supervision.View formal regulatory and enforcement actions taken by MAS for breaches of laws and regulations.Find out more about MAS' regime to combat financial crime.Developing an Innovative & Inclusive Financial CentreGet the latest on our FinTech strategy and initiatives.Find out about the support and grants available for the development of Singapore's financial sector.Learn about initiatives to develop expertise and grow the financial sector talent pool.MAS releases regular policy statements, publications and statistics on a monthly, quarterly and semi-annual basis.IMPORTANT NOTICE: Scam emails, supposedly from MAS, have been sent to customers of moneylenders, asking for validation fees to be paid before loans are disbursed.
All rates are obtained, with permission, from Thomson Reuters and disseminated to the public for information and could differ from those quoted by … 6225 5577 It also includes MAS’ financial statements and a message from Mr Tharman Shanmugaratnam, Chairman, MAS.MAS Announces Key Initiatives to Support SORA AdoptionMAS announces key initiatives to support the adoption of SORA. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance.

MAS DOES NOT handle loan applications, nor collect validation fees or fees of any nature from the public. The list of formal regulatory and enforcement actions taken by MAS for breaches of laws and regulations administered by MAS. MAS will also enhance the SRFB Framework to recognise SRFBs with a significantly higher degree of rootedness.Learn about MAS' actions to support the Singapore economy and ensure the stability of our financial system amid the COVID-19 pandemic.MAS has urged finance companies incorporated in Singapore to cap their total dividends per share (“DPS”) for FY2020 at 60% of FY2019’s level. The Monetary Authority of Singapore (Abbreviation: MAS) is Singapore's central bank and financial regulatory authority.

Monetary Authority of Singapore is located at MAS Building, 10 Shenton Way, Tel 6225 5577, view Monetary Authority of Singapore location, products and services on Streetdirectory Map Advertise on Streetdirectory Business Pages andMAS is the central bank of Singapore. Recent Economic Developments Media Releases

The Annual Report outlines MAS' activities and achievements in FY 2019/2020. He was previously Permanent Secretary at the Ministry of Trade & Industry (MTI) and Deputy Secretary at the Ministry of Finance (MOF).

If you receive such emails, please DO NOT transfer any funds, and report the email to webmaster@mas.gov.sg. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.

Media Releases

The Monetary Authority of Singapore (MAS) enjoys considerable operational autonomy.

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