Who owns the Monetary Authority of Singapore?

MAS is governed by a board of directors and chaired by Singapore’s Minister for Finance. As a government institution, MAS operates by a strict code of conduct and considers certain core values, including a commitment to professionalism, integrity, and fairness, of paramount importance.     

In its regulatory capacity, MAS oversees every aspect of monetary policy, banking and finance in Singapore, including matters relating to the insurance industry. According to its mandate, MAS’ role as central bank involves:

  • Conducting monetary policy, including issuing currency and overseeing payment systems.
  • Serving as a financial agent and banker to the government of Singapore by providing it with facilities in which to deposit money, and to transact with international financial institutions, such as the World Bank.
  • Conducting supervision of Singapore’s financial services, and surveillance of the country’s financial stability.
  • Managing Singapore’s foreign reserves and assets.
  • Developing Singapore’s status as an international financial center.

The role MAS plays in the economic and professional profile of Singapore is significant. The actions MAS takes to regulate and supervise the country’s financial landscape is a foundation of its reputation as an international business hub, and the esteem in which it is held by the international community.