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- Media Releases
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- DPM Tharman will be accompanied by officials from MAS and the Ministry of Finance. ***
- Singapore, 7 October 2015…Deputy Prime Minister Tharman Shanmugaratnam, as Chairman of the Monetary Authority of Singapore (MAS), will attend the meetings of the International Monetary and Financial Committee, the policy steering committee of the International Monetary Fund, from 8 to 10 October 2015
- MAS
- External Publications
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- guidance on risk management practices. 19 Paragraph 5.4.1 of MAS Guidelines on Outsourcing, 27 July 2016 sets out MAS expectation that FIs should subject service providers to appropriate due diligence processes to assess the risk associated with outsourcing arrangements
- Authority of Singapore Personal Data Protection Commission Suspicious Transaction Report Singapores Suspicious Transaction Reporting Office Working Group machine learning MAS PDPC STR STRO WG 33
- when considering such arrangements. 20 These principles are consistent with MAS Technology Risk Management Guidelines, June 2013 which make reference to FIs ensuring that outsourced service providers grant the FI access to their systems, operations, documentation and facilities
- MAS
- Media Releases
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- Singapore, 31 December 2009...The Monetary Authority of Singapore (MAS) announced that Mr Lim Chee Onn, Senior Advisor of Keppel Corporation Limited, and Mr Lucien Wong Yuen Kuai, Managing Partner of Allen & Gledhill, have been re-appointed to its Board of Directors for a further period of two years
- Their re-appointments take effect from 1 January 2010. 2 The members of the MAS Board of Directors are listed in the Annex (15.8 KB) . ***
- MAS
- Media Releases
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- MAS will inform the public when the new $20 notes are available for exchange. ***
- Singapore, 14 June 2019… The Monetary Authority of Singapore (MAS) announced today that it will issue an additional two million pieces of the Singapore Bicentennial $20 commemorative note and folder to meet strong public interest.
- MAS
- Media Releases
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- Singapore, 17 March 2006...Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore (MAS), will visit India from 18 to 19 March 2006. 2 Mr Shanmugaratnam will be participating in the Asia Society's 16th Asian Corporate Conference on 19 March 2006 in Mumbai
- , where he will deliver a keynote address on Asian integration prospects. 3 Mr Shanmugaratnam will also be meeting with leaders of Indian financial institutions and educational institutions. 4 He will be accompanied by officials from the Monetary Authority of Singapore
- MAS
- Media Releases
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- Singapore, 29 November 2019… The Monetary Authority of Singapore (MAS) today announced the renewal of the Bilateral Local Currency Swap Arrangement with the Bank of Japan (BOJ) for another three years. 2 The agreement was established in November 2016 to enable the two central banks to exchange local
- currencies with each other of up to SGD 15 billion or JPY 1.1 trillion. 3 Under the arrangement, MAS will be able to provide Japanese Yen liquidity to eligible Singapore financial institutions to support their cross-border operations.
- MAS
- Media Releases
Last revised date:
- Singapore, 6 April 2020...The Monetary Authority of Singapore (MAS) announced today the appointment of Ms Celine Sia as Assistant Managing Director (Economics & Knowledge Management).
- The appointment takes effect on 6 April 2020. 2 Ms Sia will oversee the Economic Analysis Department, Economic Surveillance & Forecasting Department, and a newly-formed Enterprise Knowledge Department tasked with strengthening knowledge and data management in MAS.
- MAS
- Media Releases
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- MAS notes OCBC's explanation for the failure and will review its investigation report on the incident. MAS will also assess the outcome of this investigation before determining the appropriate regulatory action to take.
- Singapore, 20 September 2011...MAS has informed OCBC Bank's senior management that we take a serious view of the wide disruption of the bank's services on Tuesday 13 September 2011.
- MAS
- Media Releases
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- Singapore, 6 July 2015… In response to media queries, the Monetary Authority of Singapore (MAS) said today that Singapore's domestic money and foreign exchange markets continue to function in an orderly fashion.
- MAS is closely monitoring developments in the Eurozone economy and global financial markets, and their potential impact on domestic markets and the economy. ***
- MAS
- Media Releases
Last revised date:
- MAS remains in close contact with market participants. We stand prepared to inject additional liquidity as required."
- Comments by MAS Spokesperson on Market Conditions: "A combination of a dislocation in global money markets and quarter-end funding pressures caused S$ interest rates to firm this morning.
- To ease market funding pressures, MAS kept a higher level of liquidity in the banking system through its market operations. 3-month S$ Sibor was fixed by the Association of Banks at 2.23% today, up from 1.76% yesterday. Rates have since eased to about 2%.