ANNUAL REPORT 2002 / 2003



International Advisory Panel

Formed in November 1998, the IAP comprises some of the world’s leading experts in the financial sector. The panel advises MAS on Singapore’s financial sector reforms and strategies. Tapping the knowledge and expertise of a distinguished advisory panel gives MAS a global perspective on financial sector issues, and keeps MAS abreast of market developments and policy initiatives in major international financial centres. The 3rd meeting of the MAS IAP was held on 24 July 2002.

The IAP presently comprises 15 members:

Chairman of IAP:

Mr Lim Hng Kiang
Minister for Health and Second Minister for Finance

Members of IAP:

Mr Claude Bebear
Chairman of the Supervisory Board, AXA Group
(January 2001- )

Dr Rolf-E Breuer
Chairman of the Supervisory Board, Deutsche Bank AG
(January 1999- )

Mr Andrew Crockett
Former General Manager, Bank for International Settlements
(January 2003- )
Mr Tom Glocer
Chief Executive Officer, Reuters Group PLC
(January 2001- )
Mr Rijkman Groenink
Chairman, ABN AMRO Bank NV
(January 2001- )
Mr John Mack
Chief Executive Officer, Credit Suisse First Boston
(January 1999- )
Sir Peter Middleton
Chairman, Barclays Bank PLC
(January 2001- )
Mr Marcel Ospel
Chairman, UBS AG
(January 2001- )
Mr Michel Pebereau
Chairman, BNP Paribas
(January 1999- )
Mr Philip Purcell
Chairman and CEO, Morgan Stanley & Co, Inc
(January 2003- )
Mr Robert E. Rubin
Chairman of Executive Committee, Citigroup Inc
(January 2001- )
Dr Werner G Seifert
Chief Executive Officer, Deutsche Borse AG
(January 2001- )
Mr Tasuku Takagaki
Senior Advisor, The Bank of Tokyo-Mitsubishi, Ltd
(January 2001- )
Dr Junichi Ujiie
Chairman, Nomura Holdings, Inc
(January 2001- )

MAS Lecture

The MAS Lecture series, which began in 2000, provides a platform for a distinguished member of the international financial community to speak on issues of current interest. Mr Robert Rubin, Chairman of the Executive Committee, Citigroup Inc and former US Treasury Secretary delivered the 2002 Lecture in July last year. His topic: “The Conflicts Around Globalisation: A Framework For Going Forward”. Sir Howard Davies, Chairman of the Financial Services Authority (FSA), the UK’s top financial regulator delivered the 2003 Lecture on 20 May 2003. The topic of Sir Howard’s lecture was “Is the Global Regulatory System Fit for Purpose in the 21st Century?” Participants attending the lecture included senior executives from financial institutions based here and in the region, diplomats, and officials from the public sector.  



Strategic Planning Office Currency Department Human Resources Department Corporate Services Department
Finance Department Information Technology Department Internal Audit Department Partnering the International Financial Community

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