Mr Tharman Shanmugaratnam
Ms Yeo Lian Sim
Mrs Foo-Yap Siew Hong
Dr Khoo Hoe Ee
Ms Yeo Lian Sim, Deputy Managing Director
Mrs Foo-Yap Siew Hong, Assistant Managing Director (Banking)
Mrs Lim Shu Chiau, Executive Director
Mr Ravi Menon, Executive Director
Ms Teo Swee Lian, Senior Executive Director
Mrs Hauw Soo Hoon, Executive Director
Ms Yeo Lian Sim, Deputy Managing Director
Mr Enoch Ch’ng, Senior Director
Mr Ravi Menon, Executive Director
Mr Ng Heng Fatt, Senior Director
Ms Teo Swee Lian, Senior Executive Director
Dr Khor Hoe Ee, Assistant Managing Director (Economics)
Dr Khor Hoe Ee, Assistant Managing Director (Economics)
Mr Ong Chong Tee, Executive Director (Markets & Investments)
Mr Ong Chong Tee, Executive Director (Markets & Investments)
Mrs Shih-Teo Siew Poh, Executive Director
Mr Koh Ching Ang, Executive Director
Mr Ong Chong Tee, Executive Director
Ms Mimi Ho, Senior Director
Mrs Huay Khee Chuang, Executive Director
Mr Tai Boon Leong, Senior Director
Mr Chua Hak Bin, Director
The Banking Department (BD) is responsible for prudential oversight of all commercial
banks, merchant banks, and finance companies. BD licenses these institutions and
continuously monitors their soundness through off-site surveillance and on-site
examination. The Department also actively promotes the adoption of international best
practice in risk management and corporate governance in the banking industry.
The Insurance Department (ID) is responsible for the regulation and supervision of the
insurance industry. ID has prudential oversight over insurance companies and insurance
brokers.
The Securities and Futures Department (SFD) has supervisory responsibility for capital
markets. It regulates the origination and trading of securities and
their derivatives products,
supervises investment advisory and fund management activities, and oversees takeover and
corporate governance issues.
The Market Infrastructure and Risk Advisory Department (MIR) provides specialised
supervisory resources in technology and risk management. It oversees the
payment and settlement systems
and other financial market infrastructure to support their integrity and efficiency. It
also encourages and facilitates the strategic use of technologies to support
Singapore’s development as a world-class financial centre.
The Supervisory Policy Division (SPD) formulates capital and
prudential policies to promote the safety and soundness of
institutions, safeguard the interests of consumers and maintain
the stability and integrity of the financial systems. It also
conducts surveillance of the financial system to identify
emerging trends and potential vulnerabilities and risks.
The Supervisory Legal Services Division (SLS) advises MAS on legal issues pertaining to
supervisory and regulatory matters and assists in the formulation and development of legal
and regulatory frameworks. It also provides legal support to other departments of MAS.
The Financial Sector Promotion Department (FPD) is responsible for developing and
promoting Singapore as a financial centre. It identifies new financial activities and
products, and markets Singapore’s financial centre to existing and new players. FPD
also facilitates the development of a world-class financial sector workforce.
The Economics Department (ED) formulates monetary policy appropriate for sustained and
non-inflationary economic growth in Singapore. It provides analyses and forecasts
to support policy decisions, and undertakes in-depth studies
into longer term issues faced by the
Singapore economy. ED closely monitors and assesses developments in the G-3 and regional
economies, as well as the international financial markets.
The Monetary Management Division (MMD) implements Singapore’s monetary policy by
managing the exchange rate along its targeted policy path. It also conducts money market
operations to manage liquidity in the banking system. MMD is also responsible for the
issuance of Singapore Government Securities, as well as the growth and development
of the Singapore Government Securities market.
The Reserve Management Department (RMD) manages MAS' foreign assets, currencies and gold.
It also performs cash management functions.
The International Relations Department (IRD) reviews and
recommends MAS' and Singapore’s positions on key international financial and economic
issues. It is responsible for relations with major
international and foreign organisations, and foreign central banks.
The Corporate Services Department (CSD) oversees logistics and
management. It manages and provides administrative support for
events hosted or organised by MAS. It is also responsible for
tenancy and property and building related matters.
The Finance Department (FD) provides budgeting and accounting services to MAS. It
maintains the official accounting records of MAS’ assets and is responsible for the
settlement, custody monitoring, performance evaluation and risk management of MAS’
international investments. FD also administers the issue of SGS, and maintains the
government securities systems as well as the current accounts of banks and international
monetary organisations.
The Human Resource Department (HRD) formulates and implements MAS’ human resource
management polices. These include attracting talents for the organisation, managing
and retaining talents through a fair performance appraisal
system and a competitive remuneration package, as well as
developing talents through needs-based training and development
programmes.
The Information Technology Department (ITD) promotes the strategic use of technology and
provides IT services to MAS departments. ITD also manages two nation-wide financial
networks, namely the MASNET and the MAS Electronic Payment System. These networks
provide the infrastructure for electronic communication and
collaboration, and efficient interbank transfers, in the
financial sector respectively.
The Internal Audit Department (IAD) conducts financial, operational and information
systems audits of MAS’ operations. IAD ensures compliance with policies, guidelines,
laws and regulations, and evaluates the reliability of the financial records, and the security
and integrity of the information systems in MAS. IAD also works with departments to review the
controls in new systems and business processes.
The Planning, Policy and Communications Division (PPC) is responsible for cross-department
policy integration and strategic planning, organisational development, and corporate
communications. PPC initiates policy reviews as well as analyses and integrates inputs on
issues that cut across MAS departments. It formulates and implements the corporate
planning process, and co-ordinates external communications, including media relations. |