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- Parliamentary Replies
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- For the Parliament Sitting on 2 March 2022 Name and Constituency of MP A/P Jamus Jerome Lim, Sengkang GRC Question MAS believes that Singapore is ready for a digital Sing dollar, but there is no pressing need for its issuance at this time. There are additional advantages to moving earlier on a digital Sing dollar. Some practical considerations could stand to be clarified . Answer by Mr Lawrence Wong, Deputy Chairman of MAS and Minister for Finance, on behalf of Mr Tharman Shanmugaratnam, Senior Minister
- MAS
- Speeches
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- Introduction 1. Good morning, good afternoon and good evening – depending on where you may be attending this global event from. I congratulate the BIS on the success of this inaugural BIS Innovation Summit; which demonstrates the central banking community’s strong commitment to innovation, so that we may better serve our stakeholders. 2. I would like to share some perspectives on central bank innovation to round off this event. Firstly, why central banks should embrace innovation; Secondly
- MAS
- Media Releases
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- Singapore, 29 October 2021… The Monetary Authority of Singapore (MAS) announced today the finalists for the Global FinTech Hackcelerator, as well as the Singapore FinTech Festival (SFF) Global FinTech Awards. These Awards are among the key highlights of SFF 2021, which will take place from 8 to 12 November 2021. Global FinTech Hackcelerator 2021 2 The theme for this year’s Global FinTech Hackcelerator is “Harnessing Technology to Power Green Finance”. The 20 finalists, comprising FinTech firms and
- MAS
- Media Releases
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- Singapore, 29 October 2021… The Monetary Authority of Singapore (MAS) announced today the finalists for the Global FinTech Hackcelerator, as well as the Singapore FinTech Festival (SFF) Global FinTech Awards. These Awards are among the key highlights of SFF 2021, which will take place from 8 to 12 November 2021. Global FinTech Hackcelerator 2021 2 The theme for this year’s Global FinTech Hackcelerator is “Harnessing Technology to Power Green Finance”. The 20 finalists, comprising FinTech firms and
- MAS
- Speeches
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- Introduction 1 I commend FOW for organising the 10th Asia-Pacific Derivatives Conference in Singapore. As has been the case for the past 9 years, the regional derivatives industry will greatly benefit from the quality of exhibitors and speakers at this annual conference. 2 My theme today is " Risk in a Networked Economy" . 3 It should be no surprise that as a regulator, my talk at this conference should be about risk. Like most regulators around the world, MAS is concerned to understand
- MAS
- Consultations
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- In 2016, MAS embarked on a review of the regulatory framework governing payment services in Singapore with a view to modernising and streamlining the existing frameworks to encourage the wider adoption of e-payments in Singapore. As part of the review, one key recommendation to encourage the use of e-payments was to enhance consumer or account user protection. On 13 February 2018, MAS proposed measures to protect funds belonging to account users and merchants in the Payment Services Bill. This is
- MAS
- Media Releases
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- Singapore and Wakefield, Mass, 26 May 2021…The Monetary Authority of Singapore (MAS) and the Mojaloop Foundation announced today that MAS is joining the Mojaloop Foundation as a Sponsor-level member to collaborate on providing the underserved access to affordable financial services through digital currency based settlement systems and foundational digital infrastructure See MAS report on critical infrastructure for an inclusive digital economy launched in April 2021. . MAS is the first central bank
- MAS
- Media Releases
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- Singapore and Wakefield, Mass, 26 May 2021…The Monetary Authority of Singapore (MAS) and the Mojaloop Foundation announced today that MAS is joining the Mojaloop Foundation as a Sponsor-level member to collaborate on providing the underserved access to affordable financial services through digital currency based settlement systems and foundational digital infrastructure See MAS report on critical infrastructure for an inclusive digital economy launched in April 2021. . MAS is the first central bank
- MAS
- Speeches
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- Ladies and gentlemen, good morning. What a man and what a story! Shaikh’s story shows how technology can help find innovative solutions to real problems. It shows how innovation guided by empathy can help create a more inclusive society. And of course it is a story that is an inspiration to all of us – to do better, to be better, to help others. That is why we asked Saqib to kick off the third edition of the Singapore FinTech Festival this morning. Because Saqib’s story exemplifies what Singapore
- MAS
- Speeches
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- Mr Peter Seah, Chairman, DBS Group Holdings, Mr Piyush Gupta, CEO, DBS Group Holdings, Ladies and Gentlemen, Introduction 1. Good morning to everyone. Thank you for inviting me to join you today. My heartiest congratulations to DBS on your 50th anniversary and for being the only Asian bank to win two awards on this very special occasion – the best digital bank and the best SME bank. This is something which I think all DBS staff would be very proud of and all of us are very proud of. 2. In