Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) operates as the nation's central bank and integrated financial regulator, defining and executing monetary policy while overseeing the entire financial services sector. It maintains a robust regulatory framework for financial institutions, manages Singapore’s official foreign reserves, and ensures economic stability through its comprehensive central banking functions and prudential supervision.

MAS was formally established on January 1, 1971, following the enactment of the Monetary Authority of Singapore Act by Parliament in 1970. This foundational legislation consolidated diverse monetary and financial regulatory functions previously dispersed across government agencies. The initiative stemmed from the recognition that a unified, independent authority was essential for effective financial governance and to support Singapore's burgeoning economic growth.

The entity serves Singapore’s financial institutions, the government, and the broader economy, ensuring a sound and progressive financial landscape. Its overarching vision is to promote sustained, non-inflationary economic growth and cultivate a dynamic, well-regulated financial centre that continually contributes to Singapore’s prosperity and global standing.