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- MAS
- Monetary Policy Statements
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- (Chart 1) 2 In January 2001, MAS decided to maintain this stance of a modest appreciation of the trade-weighted Singapore dollar within an unchanged policy band.
- MAS will continue to guide the S$NEER within this exchange rate band, and stands ready to intervene to dampen excessive volatility should this become necessary. *** Related: Past Monetary Policy Decisions
- There is no reason for any persistent weakening of the Singapore dollar. 12 MAS has therefore shifted to a neutral exchange rate policy stance, with a policy band centred on a zero percent appreciation of the S$NEER.
- MAS
- Media Releases
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- It reduces the duration of transporting goods between China and ASEAN to one-third the time. ) (“ 金融互 联互通 · 服 务 “ 一 带一路 ”— 金融 开放创新助推陆海新通道 ”). 2 Mr Ong Ye Kung, Minister for Education and Board Member of the Monetary Authority of Singapore (MAS), in his welcome address at the Summit, noted that financial
- There will also be an exchange of ideas and developments in other areas of common interest such as financial technology, green finance, as well as trade, logistics and supply chain financing. 4 Mr Ravi Menon, Managing Director, MAS said, “The CCI Finance Pillar has expanded beyond connecting Chongqing
- The Summit is co-organised by the Monetary Authority of Singapore, the Ministry of Trade and Industry’s Chongqing Connectivity Initiative Office, the China Ministry of Commerce, the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission
- MAS
- Media Releases
Last revised date:
- Singapore, 14 June 2022… The Monetary Authority of Singapore (MAS), in partnership with the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP), today launched an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia
- This knowledge is a real catalyst, and an important reason as to why UNDP is delighted to collaborate with IFC and the Monetary Authority of Singapore in this important initiative.
- This information will help businesses involved in cross-border trade obtain easier access to financing. 5 Sopnendu Mohanty, Chief FinTech Officer of MAS, said, “An empowered MSME is essential to an equitable and sustainable digital economy. Such enablement begins with digital economy literacy.
- MAS
- Media Releases
Last revised date:
- MAS will continue to do so when necessary to offset any market impact of such corporate demand for US$ against the S$.
- MAS had stated that it would intervene whenever necessary to dampen excessive S$ exchange rate movements, including movements arising from the funding of corporate M&A activities. In accordance with this policy, MAS intervened last week to keep the S$ within its policy band.
- However, they do not alter Singapore's economic fundamentals, and hence have no influence on the target band the MAS sets for the trade-weighted S$.
- MAS
- Media Releases
Last revised date:
- Singapore, 14 March 2018… The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to work together to support the development of the FinTech ecosystems and encourage greater financial innovation in the two countries.
- Sopnendu Mohanty, Chief FinTech Officer, MAS, said: “MAS aims to foster a thriving FinTech hub and create opportunities for FinTech companies in Singapore. The agreement with Bank of Lithuania helps companies in both countries tap on each other’s resources to expand into new markets.” 4.
- The agreement with MAS will strengthen the ties between Lithuania and Singapore in the field of FinTech, supporting the growth of Lithuanian and Singaporean FinTech companies.”
- MAS
- Media Releases
Last revised date:
- Singapore, 23 March 2007...The Monetary Authority of Singapore (MAS) released a policy consultation paper on the proposed amendments to the Property Fund Guidelines ("REIT Guidelines"). 2 The Singapore REIT market continues to witness robust growth.
- There is also a healthy pipeline of proposals seeking to securitise real estate located in the Asia-Pacific region. 3 To keep pace with market development, MAS proposes amendments to the REIT Guidelines.
- ; (iii) rationalise guidelines where compliance costs exceed benefits; and (iv) introduce a licensing framework for REIT managers under the Securities and Futures Act (SFA). 5 The consultation paper is available on the MAS Website ( Click here to see the consultation paper (112.8 KB) ).
- MAS
- Media Releases
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- Comments by MAS Spokesperson on Market Conditions: "MAS has been closely monitoring developments in global financial markets and the impact on Singapore's markets and financial institutions. Financial institutions in Singapore are functioning normally.
- MAS has responded by keeping a higher level of liquidity in the banking system through its market operations. S$ interest rates have since eased to below 2%.
- MAS will continue to anticipate the market's funding needs, and will consider on a case-by-case basis any unique liquidity needs of individual banks. We stand prepared to inject additional liquidity as required."
- MAS
- Circulars
Last revised date:
- ID 02/23 17 February 2023 To Chief Executives All Direct Life and Composite Insurers Dear Sir/Madam ISSUANCE OF INSURANCE (PRESCRIBED INTERESTS UNDER SECTION 34(6)) REGULATIONS 2023 The Monetary Authority of Singapore (MAS) has issued the Insurance (Prescribed Interests
- recognises that investments made using these funds are for the primary benefit of the policyholders. 3 please contact your companys liaison officer in MAS.
- Yours faithfully (sent via MASNET) DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT The Regulations are available on the MAS website (link).
- MAS
- Speeches
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- MAS does not think this is likely. None of the post-merger banks will be big enough to be over-dominant.
- MAS believes that there will be sufficient competition in the banking industry even after consolidation. The foreign banks will probably increase their share of the retail market and will provide vigorous competition. MAS' banking liberalisation programme will enhance this competition.
- MAS welcomes this, and is optimistic that these banks will find ways to meet this need. The Government will monitor the situation closely.
- MAS
- Parliamentary Replies
Last revised date:
- MAS does not think this is likely. None of the post-merger banks will be big enough to be over-dominant.
- MAS believes that there will be sufficient competition in the banking industry even after consolidation. The foreign banks will probably increase their share of the retail market and will provide vigorous competition. MAS' banking liberalisation programme will enhance this competition.
- MAS welcomes this, and is optimistic that these banks will find ways to meet this need. The Government will monitor the situation closely.