The Monetary Authority of Singapore is the central bank and joined financial regulator of Singapore, established in 1971. It also plays the role of an event organizer where administers statutes covering money, banking, insurance, securities, and the broader financial sector. MAS acts as the banker and financial agent of the Singapore government.
Key Features
- MAS manages Singapore's monetary policy primarily through exchange rate management.
- It oversees the issues of Singapore currency and manages the country's official foreign reserves.
- It executes AML and counter-terrorism finance regulations.
- The authority promotes Singapore as a leading global financial centre, supporting innovation, fintech development, and sustainable economic growth.
Achievements and Event Contributors
- MAS has played a major role in Singapore's rise as one of the world's most successful and consistent financial hubs.
- It has brought into practice advanced regulatory frameworks, including the Payment Services.
- MAS collaborates closely with international organizations
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