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- MAS
- Financial Stability Reviews
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- The Monetary Authority of Singapore (MAS) conducts regular assessments of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications for the soundness and stability of Singapore’s financial system. The analyses and results are contained in the Financial Stability Review (FSR), which aims to contribute to a greater understanding among market participants, analysts and the public on issues affecting Singapore's financial system. November
- MAS
- Parliamentary Replies
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- payment token service providers licensed by MAS.
- It is therefore not possible to determine the proportion of cryptocurrency holdings that the public has obtained through MAS-licensed DPT service providers. 2. MAS has continued to reiterate its warnings that retail investors should not trade in cryptocurrencies.
- QUESTION NO 2113 NOTICE PAPER 1336 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 12 September 2022 Name and Constituency of Member of Parliament Mr Derrick Goh, MP, Nee Soon GRC Question : To ask the Prime Minister what is the current percentage of the public’s retail exposure to digital
- MAS
- Speeches
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- Good morning, and welcome to Day 2 of the Singapore FinTech Festival. It’s great to be able to meet in person after three long years. Pandemic and lockdowns notwithstanding, FinTech innovation has marched on briskly. If anything, digitalisation has gathered pace and become more pervasive. Yes, in the realm of a crypto assets, a harsh winter has set in, even fears of an Ice Age. But I believe it is an overdue cleansing of unsustainable business models, highly risky practices, and unviable use cases
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Consultation Paper on Technology Risk Management Guidelines (514.1 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Technology Risk Management Guidelines (370.2 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON THE TECHNOLOGY RISK MANAGEMENT GUIDELINES 1 Introduction 1.1 On 13 June 2012, MAS conducted a consultation on the Technology Risk Management Guidelines, (the Guidelines). The Guidelines include guidance on existing
- MAS
- Media Releases
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- Digital payment token service providers licensed by MAS under the Payment Services Act are regulated for money laundering and terrorism financing risks as well as technology risks, but not safety and soundness.
- MAS
- Speeches
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- Mr Speaker, Sir, 1 I am speaking in the capacity as Finance Minister and Deputy Chairman of the Monetary Authority of Singapore (MAS). Today, Minister Josephine Teo, Minister-of-State Desmond Tan and I will address a total of 39 1 parliamentary questions that have been posed to MAS, MCI, and MHA arising from the recent OCBC phishing scams. They cover a wide range of issues – from whether the banks can do more to mitigate the risks of such scams, to how the telco infrastructure, enforcement actions
- MAS
- Monographs/Information Papers
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- The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) announced Project Cedar Phase II x Ubin+, a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments involving multiple currencies. The Cedar x Ubin+ experiment examined whether distributed ledger technology (DLT) could be used to improve the efficiency of cross-border wholesale payments
- MAS
- Speeches
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- Five years ago, we had a vision – to make Singapore a Smart Financial Centre. A financial centre where innovation is pervasive and technology is used widely - to increase efficiency; to create new opportunities; to manage risks better; and most importantly to improve people’s lives. A new buzzword was emerging on the scene - “FinTech”. We set our goal to become a leading global FinTech hub. At the core of our drive was a conviction that technology will fundamentally transform financial services
- MAS
- Media Releases
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- Singapore, 11 November 2018… The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have successfully developed Delivery versus Payment (DvP) 1 capabilities for the settlement of tokenised assets across different blockchain platforms 2 . This will help simplify post-trade processes and further shorten settlement cycles. 2 The DvP prototypes, developed with technology partners Anquan, Deloitte and Nasdaq, demonstrated that financial institutions and corporate investors are able
- MAS
- Media Releases
Last revised date:
- Singapore, 21 June 2023… The Monetary Authority of Singapore (MAS) today published a whitepaper proposing a common protocol to specify conditions for the use of digital money such as central bank digital currencies (CBDCs), tokenised bank deposits Tokenised Bank Liabilities – tokens on a ledger that represent a commercial bank's liability , and stablecoins on a distributed ledger. 2 The whitepaper was supported by the release of software prototypes that demonstrate the concept of Purpose Bound Money