Monetary Authority of Singapore Annual Report 2010/2011
Our People

Expertise Development

MAS Academy

The MAS Academy offers learning programmes to address the different needs of MAS officers. The MAS Diploma in Central Banking provides younger officers with broad-based knowledge of MAS' key functions and core values. To inculcate MAS' values and ethics, the Diploma modules incorporate MAS' institutional knowledge through case studies and sharing by senior MAS colleagues. Intermediate to advance level functional training, coaching and leadership programmes are targeted at senior and experienced staff. Topics for functional training are updated yearly based on the latest training needs. Following the financial crisis, training topics on complex products, credit risk and economic capital modeling, latest accounting developments and intensive financial statements analysis were delivered to enhance supervisory capabilities.

The MAS Academy continues to work closely with Peer Groups to deepen and share knowledge in specialist subject areas of importance to MAS' work. Last year, we introduced several in-house specialist training programmes on financial reporting standards for banks and practical accounting issues in financial institutions, stress testing, as well as a practitioner's view on structured products.

The MAS Academy also contributes to the training of the regional supervisory community. 90 regulators attended programmes such as the MAS Banking Supervisors Training Programme, the MAS-Toronto Centre Regional Leadership Programme for Securities Regulators and the MAS Information Technology Workshop for Financial Regulators. Participants were mainly from the Asia Pacific, South and Central Asia, and Middle East regions. The content of these programmes was enhanced to include important issues arising from the financial crisis.