August 30, 2014 6:20 AM ET

Diversified Financial Services

Company Overview of Monetary Authority of Singapore

Company Overview

Monetary Authority of Singapore (MAS) regulates monetary, banking, and financial aspects of Singapore. The corporation assists in promotion of non-inflationary growth of economy; issuing currency and government securities; and developing monetary policies. It operates as a financial agent of the government and develops strategies for development of private sector. In addition, it offers economic research services and assists in regulating banking, insurance, and securities sectors. MAS also focuses on global free trading and developing economic and financial policies. The corporation was founded in 1971 and is based in Singapore City. It has additional offices in New York City and London, Un...

10 Shenton Way

MAS Building

Singapore,  079117

Singapore

Founded in 1971

Phone:

65 6225 5577

Fax:

65 6229 9229

Key Executives for Monetary Authority of Singapore

Managing Director
Deputy Managing Director of Financial Supervision
Chief Economist and Assistant Managing Director of Economic Policy
General Counsel
Executive Director of Human Resources
Compensation as of Fiscal Year 2014.

Monetary Authority of Singapore Key Developments

Monetary Authority of Singapore Takes Supervisory Action Against Standard Chartered Bank

Monetary Authority of Singapore has taken supervisory actions against Standard Chartered Bank over the theft of bank statements belonging to some private-banking clients. MAS said that it has done so over the theft, which occurred at a third-party service provider. It had stunned customers last December with the announcement that some of its clients' data had been stolen; 647 bank statements of private-bank clients had been found on a computer belonging to alleged hacker James Raj Arokiasamy. The documents were stolen in March 2013 from a server at Fuji Xerox Singapore, which prints these statements for StanChart's private-banking customers.

Monetary Authority of Singapore Announces Senior Management Changes

THE Monetary Authority of Singapore announced changes to its senior management team. Lee Chuan Teck, who is assistant managing director for capital markets, will be seconded to the Ministry of Transport as its deputy secretary for land and corporate. He will be succeeded by Lee Boon Ngiap, who will relinquish his current position as assistant managing director for banking and insurance. Chua Kim Leng, currently the executive director in banking department I, will be appointed as assistant managing director for banking and insurance. Also, Foo-Yap Siew Hong, currently assistant managing director for special projects in the Managing Director's Office, will retire from MAS on March 31. The changes take effect on April 1.

Monetary Authority of Singapore Presents at SVCA Private Equity Conference 2014, Apr-15-2014 09:40 AM

Monetary Authority of Singapore Presents at SVCA Private Equity Conference 2014, Apr-15-2014 09:40 AM. Venue: Conrad Centennial Singapore, 2 Temasek Boulevard, Millenia Walk, Singapore 038982, Singapore. Speakers: Valerie Tay, Director, Head of Department, Financial Centre Development Department.

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