Monetary Authority of Singapore Annual Report 2012/2013
  • COMMITTED TOWARDS INTERNATIONAL EFFORTS ON FINANCIAL STABILITY AND FINANCIAL REGULATORY REFORM
Valued Partner

COMMITTED TOWARDS INTERNATIONAL EFFORTS ON FINANCIAL STABILITY AND FINANCIAL REGULATORY REFORM

Islamic Financial Services Board

MAS is a full member of the Islamic Financial Services Board (IFSB), a multilateral standard setting and developmental agency for the Islamic finance industry. We sit on the governing Council and are also represented on its Technical Committee (TC), the deputies-level decision making body for the organisation. The TC oversees the work on standard setting and provides guidance to the IFSB Secretariat on Islamic finance developmental initiatives approved by the Council. MAS has supported and contributed to the work of the IFSB through our participation in the various standard setting Working Groups and Task Force, as well as helped to further raise industry awareness through the hosting of 6th IFSB Summit in 2009 and seminars on Takaful and Islamic Capital Market Development. In the continuation of these efforts, MAS hosted the 26th Meeting of the TC in Singapore in February 2012.