MAS appoints Ms Celine Sia as Assistant Managing Director (Economics & Knowledge Management). The appointment takes effect on 6 April 2020.

MAS will commence disclosure of its FX intervention operations in April 2020, instead of July 2020 as previously announced. The date has been brought forward to provide more timely information to the market, and align with MAS monetary policy cycle.

MAS affirmed that financial services will remain open and available to all customers and counterparties in Singapore and globally. All financial markets in Singapore remain open, and payment services are unaffected. Financial services is one of the essential services exempted from the suspension of activities at workplace premises under the elevated safe distancing measures announced by the Ministry of Health (MOH) today.

This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy.

Read MAS' announcement on the February 2020 FATF Statement highlighting jurisdictions with strategic deficiencies in AML/CFT.

MAS conducted thematic inspections on the sales and advisory practices of selected financial institutions operating in the private banking industry over 2018 and 2019. This information paper highlights inspection observations and MAS’ supervisory expectations that relevant financial institutions should benchmark themselves against.