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- Media Releases
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- Tokyo, 13 March 2017… The Monetary Authority of Singapore (MAS) and the Financial Services Agency (FSA) of Japan announced the establishment of a Co-operation Framework to enhance FinTech linkages between both countries. 2 The Framework enables MAS and FSA to refer FinTech companies in their countries
- We believe that this Framework strengthens the relationship between FSA and MAS and promotes innovation in our respective markets.” ****
- In addition, the Framework also sets out how the regulators plan to share and use information on financial services innovation in their respective markets. 3 Sopnendu Mohanty, Chief FinTech Officer, MAS, said: “Technology and innovation remain key enablers of financial sector growth in Singapore
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) announced that Mr Lucien Wong, the Attorney-General, will be appointed to MAS’ Board of Directors.
- Mr Wong’s term of appointment will be from 1 February 2018 to 31 May 2020. 2 The members of the MAS Board of Directors are listed in the Annex. *** Annex Board of Directors of the Monetary Authority of Singapore (as of 1 February 2018) Mr Tharman Shanmugaratnam (Chairman) Deputy Prime Minister and
- Industry Professor Tan Chorh Chuan Chief Health Scientist, Ministry of Health and Executive Director, MOH Office for Healthcare Transformation Mr V K Rajah Senior Counsel and Member of Essex Court Chambers Duxton (Singapore Group Practice) Mr Lucien Wong Attorney-General Mr Ravi Menon Managing Director, MAS
- MAS
- Media Releases
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- MAS expects to announce the appointment within a week. We will keep investors informed of the progress of the review by the independent financial adviser. MAS is continuing to work closely with the trustee to ensure that investors' interests are safeguarded. ***
- not wish to remain invested in the notes. 3 MAS will arrange for an independent financial adviser to be appointed to advise on the relative merits and feasibility of the proposals.
- Both proposals are from international financial institutions licensed by MAS to operate in Singapore. The proposals are confidential at this stage, and the details are being finalised. The final proposals will require the necessary agreements of the relevant parties.
- MAS
- Media Releases
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- Mr Ravi Menon, Managing Director, MAS, said, “This MOU not only paves the way for deeper collaboration between IFSCA and MAS, but will also facilitate greater partnership between financial institutions in India and in Singapore.
- Gujarat, India , 29 July 2022… International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) today exchanged a Memorandum of Understanding (MOU) on supervisory cooperation, in the presence of the Honourable Prime Minister of India Shri.
- Welcoming the partnership with MAS, Shri. Injeti Srinivas, Chairperson, IFSCA said that India and Singapore have shared a longstanding strategic economic and financial relationship.
- MAS
- FAQs
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- Q3 Which are the European authorities who have signed the MoU with the MAS? A3 The MAS has entered into the MoU with authorities of 27 European Union or European Economic Area countries.
- Provides guidance on the cross-border cooperation between MAS and European authorities relating to the supervision of Alternative Investment Funds, their managers and depositories.
- A1 The MoU provides a formal basis for supervisory cooperation between the MAS and the European authorities for the regulation and supervision of Alternative Investment Funds (AIFs), managers of AIFs and depositaries of AIFs.
- MAS
- Monetary Policy Statements
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- MAS stands ready to intervene if necessary to keep it within the band. 4 MAS will review its policy stance in July, and will be making a statement on monetary policy then. *** Related: Past Monetary Policy Decisions
- MAS has not changed its policy of allowing a gradual, modest appreciation of the trade-weighted Singapore dollar within a policy band, as stated in the MAS Monetary Policy Statement of Feb 2001. Although the trade-weighted S$ has weakened since then, it has remained within the policy band.
- This is not so. 3 MAS manages the Singapore dollar exchange rate against a trade-weighted basket of currencies, and not against any single currency.
- MAS
- Pages
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- Please refer to the FAQs (165 KB) and Infographics (192.9 KB) on MAS FinTech Regulatory Sandbox framework. If you have further questions, please approach your MAS Review Officer, or email fintech_sandbox@mas.gov.sg .
- Depending on the experiment, MAS will provide appropriate regulatory support by relaxing specific legal and regulatory requirements prescribed by MAS, which the sandbox entity will otherwise be subject to, for the duration of the sandbox.
- From time to time, MAS receives information on companies that have claimed to be approved by MAS to experiment in the sandbox. Consumers should exercise care when dealing with these companies or with other persons acting on their behalf. Find out who fall under the alert list here .
Q&A covered- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today signed a Memorandum of Understanding (MoU) with the Office of the Commissioner of Insurance of Hong Kong (OCI).
- Under the MoU, MAS and OCI agree to provide mutual assistance and exchange information in relation to the regulation of the insurance industry in their respective jurisdictions. 2 The MoU was signed in Singapore by MAS Executive Director (Insurance), Mrs Hauw Soo Hoon and by the Commissioner of Insurance
- We are confident that the MoU will help to forge even closer mutual assistance and exchanges between MAS and OCI, said Mrs Hauw Soo Hoon. ***
- MAS
- Enforcement Actions
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- MAS may, pursuant to section 35ZF of the IA, grant permission to a registered insurance broker to negotiate and place risk with an insurer that is not licensed in Singapore, if MAS is satisfied that, by reason of the exceptional nature of the risk or other exceptional circumstances, it is not reasonably
- MAS expects all insurance brokers to comply with the provisions of the IA, its regulations and all applicable regulatory requirements at all times.
- 1 On 15 September 2015, MAS reprimanded Willis (Singapore) Pte Ltd [“Willis”], a registered insurance broker under the IA, for contravention of section 35ZE of the IA. 2 Section 35ZE of the IA states that no registered insurance broker shall, in the course of its business as such, negotiate
- MAS
- Media Releases
Last revised date:
- The European Securities and Markets Authority (ESMA), the European Union’s (EU) securities markets regulator, and the Monetary Authority of Singapore (MAS) today signed a Memorandum of Understanding (MOU), completing the process to allow the use of Singapore’s financial benchmarks in the EU.
- Under the MOU, ESMA and MAS will share information and supervisory activities on Singapore-regulated financial benchmarks. 2.
- Ong Chong Tee, Deputy Managing Director (Financial Supervision) of MAS, said, “This MOU is testament to the close working partnership between MAS and our EU counterparts. The EU’s equivalence decision affirms the robustness of Singapore’s regulatory framework on financial benchmarks.