Name: Singapore Financial Regulatory Authority
Abbreviation: Singapore (MAS)
Monetary Authority of Singapore (MAS)
The Monetary Authority of Singapore (MAS) is the comprehensive supervisory authority for financial institutions in Singapore. In 1970, Parliament passed the Monetary Authority of Singapore Act, which prompted the establishment of MAS on January 1, 1971. The passage of the bill gives MAS the power to supervise Singapore’s financial services industry.
The Monetary Authority of Singapore (MAS) has been authorized to act as the government’s banker and financial agent. It is also entrusted to promote currency stability and develop credit and exchange rate policies that are conducive to economic growth. In April 1977, the government decided to incorporate the management of the insurance industry into MAS.
The regulatory functions of the Securities Industry Law (1973) were also transferred to MAS in September 1984. MAS now manages various regulations related to the currency, banking, insurance, securities and financial sectors. Since its merger with the Monetary Affairs Committee on October 1, 2002, MAS has also assumed the function of currency issuance.
Supervised company Forex Jiasheng
Regulatory Features In 1970, the Singapore Parliament passed the Singapore Financial Supervisory Authority Act. In January 1971, the Financial Supervisory Authority of Singapore (MAS) was established. The Singapore Financial Supervisory Authority (MAS) Act gives the Singapore Financial Supervisory Authority (MAS) the power to supervise various aspects of currency, such as banks and various aspects of Singapore’s financial sector.
Introduction to the Regulatory Authority of Singapore, the full English name of the Monetary Authority of Singapore, or “MAS” for short. The Financial Supervisory Authority of Singapore (SMA) is the central bank of Singapore. Its mission is to promote sustainable economic growth under non-inflation, and to build Singapore into a sound and vigorous financial center.
Regulatory responsibilities As the central bank of Singapore, the Financial Supervisory Authority of Singapore
(SMA) will perform the functions of the central bank, including: 1. Guiding monetary policy, issuing currency, supervising the payment system, acting as a bank’s bank and government’s financial agent, etc.; 2. Conducting comprehensive supervision of financial services and testing the financial system Stability; 3. Manage Singapore’s official foreign exchange reserves; 4. Work hard to build Singapore into an international financial center.
How to search Final search page: http://www.mas.gov.sg/fi_directory/index.html. Step 1: Open the Singapore Financial Supervisory Authority (MAS) website: http://www.mas.gov.sg/; Step 2: Then click on “FINANCIAL INSTITUTIONS DIRECTORY” on the left, and we will You will see all financial institutions that accept the Singapore Financial Supervisory Authority (MAS); the third step: click on “Leveraged Foreign Exchange Trading (foreign exchange margin trading)”, we can see all the foreign exchanges that accept the Singapore Financial Supervisory Authority (MAS) Financial institutions for margin trading business.