Overview
Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator. Established in 1971 under the Monetary Authority of Singapore Act, it consolidated monetary and financial supervisory functions previously carried out by multiple government bodies.
MAS acts as banker and financial agent to the Singapore Government and oversees the country’s monetary policy, currency issuance, and financial system stability. Its mandate is to promote sustained, non-inflationary economic growth and a sound financial services sector.
Mission and focus areas
MAS aims to maintain financial stability while supporting Singapore’s position as a global financial centre. Core responsibilities include conducting monetary policy, managing official foreign reserves, supervising financial institutions, and overseeing payment systems.
In addition to prudential regulation, MAS promotes innovation and long-term economic resilience in the financial sector. It supports initiatives related to fintech, digital finance, and sustainable finance, including partnerships and programmes that mobilise capital for climate transition and infrastructure investment.
Structure and governance
MAS operates as a statutory board under the Singapore Government and is accountable through the minister in charge. The organisation is led by a Board of Directors and a Managing Director who oversees operational management and strategic direction.
The authority is organised into divisions responsible for policy development, financial supervision, risk management, and internal audit. Committees and specialised departments support oversight of regulatory frameworks, financial stability, and institutional governance.
Programs and offerings
MAS provides regulatory frameworks, guidance, and supervisory oversight for banks, insurers, securities firms, and payment service providers operating in Singapore. It also publishes policy papers, consultation documents, economic research, and regulatory guidelines for financial institutions and market participants.
Beyond regulation, MAS facilitates industry development through initiatives such as fintech innovation programmes, digital finance research collaborations, and regional partnerships supporting financial sector development and climate-related investment. These programmes aim to strengthen market infrastructure, encourage responsible innovation, and enhance the resilience of the financial system.
Our mission
To promote sustainable non-inflationary economic growth, and a sound and progressive financial centre.
