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    • MAS
    • Letters to Editor

    Last revised date:

    • Dear Editor, We thank Ms Ang Chiew Leng for her feedback on the use of software tokens for two-factor authentication in online banking applications. (“Give customers a choice between digital and hardware tokens”, The Straits Times, 15 April 2017) The Monetary Authority of Singapore (MAS) does not prescribe any particular technology for use in two-factor authentication. This is to enable financial institutions (FIs) to innovate and better meet their customers’ needs for security and convenience. Software
    • MAS
    • Annual Reports

    Last revised date:

    • Annual Report 2006/2007 -------- -------- -------- INTEGRITY Trustworthy and professional, we strive to promote sustained non-inflationary economic growth, and a sound and progressive financial centre. -------- -------- Contents INTEGRITY Chairmans Message Board of Directors Board Committees Management Team ENTERPRISE: Our Role BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT The World Economy: A Fourth Consecutive Year Of Robust Global Growth Box 1 -Economic and Financial Integration
    • MAS
    • Annual Reports

    Last revised date:

    • MONETARY AUTHORITY OF SINGAPORE A N N U A L R E P O R T 2 0 0 1 / 2 0 0 2 Our Mission: To promote sustained and non- inflationary economic growth and a sound and progressive financial services sector. To promote sustained and non-inflationary economic growth and a sound and progressive financial services sector. Our Objectives: To conduct monetary policy, and to manage the official foreign reserves and the issuance of government securities. To supervise the banking, insurance
    • MAS
    • Speeches

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    •  Keynote Address by DPM Lee Hsien Loong, Chairman MAS, at MAS 30th Anniversary Conference Date: 20 July 2001 INTRODUCTION 1   It is a great pleasure for me to welcome you to MAS' 30th Anniversary Conference. We are honoured to have with us so many distinguished central bankers, financial supervisors, market participants and economists. 2   A new economic and financial landscape is emerging. Financial markets are becoming globalised; cross-border capital flows are larger and faster; financial institutions
    • MAS
    • Macroeconomic Reviews

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    • Presentation Slides for Briefing PDF (1.11 MB) Volume XVIII, Issue 2 October 2019 -------- Volume XVIII, Issue 2 October 2019 Economic Policy Group Monetary Authority of Singapore -------- ISSN 0219-8908 Published in October 2019 Economic Policy Group Monetary Authority of Singapore http://www.mas.gov.sg All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanised, photocopying
    • MAS
    • Monographs/Information Papers

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    • The inaugural MAS Enforcement Report sets out the enforcement actions taken by MAS for the reporting period of July 2017 to December 2018. The report also outlines MAS’ enforcement priorities, the types of misconduct MAS is currently investigating and the key initiatives MAS has undertaken to uphold Singapore’s reputation as a clean and trusted financial centre. The report can be downloaded in full in PDF format and viewed and printed with Adobe® Acrobat® Reader. ENFORCEMENT REPORT JULY 2017 TO
    • MAS
    • Letters to Editor

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    • Dear Editor We agree with Ms Camilia Ng on the importance of improving consumer awareness of the risks associated with investments in initial coin offerings (ICOs) (“Do more to warn public of risks of initial coin offerings,” Straits Times, 21 May 2018). Indeed, over the past year, MAS has stepped up efforts to alert consumers of such risks. MAS has issued several advisories to warn consumers to act with extreme caution should they wish to invest in such products. ICO issuers are often located outside
    • MAS
    • Speeches

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    • Dr Zhou Xiaochuan, President, China Society for Finance and Banking, and former Governor, People’s Bank of China Mr Tharman Shanmugaratnam, Senior Minister and Chairman, MAS Mr Goh Chok Tong, Emeritus Senior Minister and Senior Advisor to MAS Distinguished guests, friends and colleagues, good morning. Welcome to the tenth MAS Lecture. Since its launch in 2000, the MAS Lecture has featured leading members of the international financial community to share their perspectives on the economic and financial
    • MAS
    • Financial Stability Reviews

    Last revised date:

    • See MAS consultation paper Proposed Regulatory Measures for Digital Payment Token Services, published on 26 Oct 2022 https://www.mas.gov.sg/publications/consultations/2022/consultation-paper-on-proposed-regulatory- measures-for-digital-payment-token-services. -------- 106 Financial Stability Review
    • In this regard, MAS proposed a set of regulatory measures in October 2022 that covers broad areas of consumer access, business conduct and technology, as well as industry best practices to address market integrity concerns. 108 Business conduct measures requiring Digital Payment Token service providers
    • MAS
    • Consultations

    Last revised date:

    • These are individuals with mandate to authorise or approve, the release of funds or the transmission of digital payment tokens, to facilitate payments by an FI or a customer of the FI, regardless of the counterparty to which the payment is made.