Who is in charge of MAS?
Monetary Authority of Singapore
|Minister responsible||Tharman Shanmugaratnam, Senior Minister|
|Agency executive||Ravi Menon, Managing Director|
|Parent agency||Prime Minister’s Office|
Is Monetary Authority of Singapore a statutory board?
The statutory boards are the Monetary Authority of Singapore (MAS) and the Civil Service College (CSC). MAS is the central bank of Singapore. … MAS has its own governing Board, chaired by Senior Minister Tharman Shanmugaratnam.
How do I contact Singapore Monetary Authority?
If you would like to contact us for any feedback or enquiries, please write to firstname.lastname@example.org or call (65) 6225-5577. We are located at 10 Shenton Way MAS Building Singapore 079117.
How strong is SGD?
As of 2020, the Monetary Authority owns over US$270 billion in assets. The Singapore dollar is considered one of the strongest and most stable currencies in the world.
What are Fintech companies?
Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers. … Startups disrupt incumbents in the finance industry by expanding financial inclusion and using technology to cut down on operational costs.
What is the salary of the prime minister of Singapore?
The Prime Minister receives a total annual salary package (inclusive of 13th month bonus, Annual Variable Component and National Bonus) that is twice the MR4 benchmark, or $2.2m, which represents a reduction of 36% from 2010 levels.
Is GovTech under PMO?
The Government Chief Information Office (GCIO) is under GovTech. From 1 May 2017, GovTech was moved from the Ministry of Communications and Information to the Prime Minister’s Office (Singapore) (PMO). It is now the implementing agency of PMO’s “Smart Nation and Digital Government Office” (SNDGO).
What are Singapore Statutory Boards?
The statutory boards of the Singapore Government are organisations that have been given autonomy to perform an operational function by legal statutes passed as Acts in parliament. The statutes define the purpose, rights and powers of the authority. They usually report to one specific ministry.
Is IHiS a stat board?
SingHealth and Integrated Health Information Systems (IHiS) are private companies, not statutory boards. However, their patient databases are part of our Critical Information Infrastructure (CII). A cyber-attack on any CII can disrupt essential services and affect public welfare and confidence.
What does it mean to be MAS regulated?
Regulatory and Supervisory Approach
MAS is the integrated regulator and supervisor of financial institutions in Singapore. MAS establishes rules for financial institutions which are implemented through legislation, regulations, directions and notices.
What is masnet?
MASNET is the communication hub set up to provide efficient and secured data exchange services between MAS and the financial institutions in Singapore. Today, MASNET has close to 1,000 participating organisations comprising financial institutions, SGX and government agencies using its services.