Annual Report 2001/2002


Organisation Structure

Managing Director
Mr Koh Yong Guan

Deputy Managing Director
Mr John Palmer

Deputy Managing Director
Ms Yeo Lian Sim

Assistant Managing Director (Banking)
Mrs Foo-Yap Siew Hong

Assistant Managing Director (Economics)
Dr Khor Hoe Ee

Assistant Managing Director (Financial Centre Development/Planning, Policy and Communications)
Ms Teo Swee Lian

Assistant Managing Director (Securities and Futures)
Mr Shane Francis Tregillis



BANKING DEPARTMENT
Mrs Foo-Yap Siew Hong, Assistant Managing Director (Banking)
Mrs Lim Shu Chiau, Executive Director
Mr Ravi Menon, Executive Director

INSURANCE DEPARTMENT
Mrs Hauw Soo Hoon, Executive Director

SECURITIES AND FUTURES DEPARTMENT
Ms Yeo Lian Sim, Deputy Managing Director
Mr Shane Francis Tregillis, Assistant Managing Director (Securities and Futures)
Mr Tan Kim Kway, Executive Director (Corporate Finance)

MARKET INFRASTRUCTURE AND RISK ADVISORY DEPARTMENT
Mr Enoch Ch’ng, Executive Director

SUPERVISORY POLICY DEPARTMENT
Mr Ravi Menon, Executive Director

SUPERVISORY LEGAL SERVICES DIVISION

Mr Ravi Menon, Executive Director

FINANCIAL CENTRE DEVELOPMENT DEPARTMENT
Ms Teo Swee Lian, Assistant Managing Director (Financial Centre Development/Planning, Policy and Communications)

ECONOMICS DEPARTMENT
Dr Khor Hoe Ee, Assistant Managing Director (Economics)

INTERNATIONAL DEPARTMENT
Dr Khor Hoe Ee, Assistant Managing Director (Economics)
Dr Lam San Ling, Director

RESERVE MANAGEMENT DEPARTMENT
Mr Ong Chong Tee, Executive Director

MONETARY MANAGEMENT DIVISION
Mr Ong Chong Tee, Executive Director

CORPORATE SERVICES DEPARTMENT
Mrs Shih-Teo Siew Poh, Executive Director

FINANCE DEPARTMENT
Mr Koh Ching Ang, Executive Director

HUMAN RESOURCE DEPARTMENT
Mr Ong Chong Tee, Executive Director
Ms Mimi Ho, Executive Director

INFORMATION TECHNOLOGY DEPARTMENT
Mrs Huay Khee Chuang, Executive Director

INTERNAL AUDIT DEPARTMENT
Mr Tai Boon Leong, Director

PLANNING, POLICY AND COMMUNICATIONS DEPARTMENT
Ms Teo Swee Lian, Assistant Managing Director (Financial Centre Development/Planning, Policy and Communications)



FINANCIAL SECTOR SUPERVISION

Banking Department
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.

Insurance Department
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.

Securities and Futures Department
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 take-over and corporate
governance issues.

Market Infrastructure and Risk Advisory Department
The Market Infrastructure and Risk Advisory Department (MIR) provides specialist supervisory resources in technology and risk management. MIR oversees payment and settlement systems, and other financial market infrastructure, to foster their safety, efficiency and progressiveness. MIR also facilitates the strategic use of technologies to support Singapore’s development as a world-class financial centre.

Supervisory Policy Department
The Supervisory Policy Department (SPD) formulates capital and prudential policies for a sound and dynamic financial sector, and policies to promote competition and efficiency. It is also responsible for providing a framework for the integrated supervision of the financial sector.

Supervisory Legal Services Division
The Supervisory Legal Services Division (SLS) provides legal services to MAS and assists in developing a best practice regulatory framework for a sound and progressive financial centre.


FINANCIAL CENTRE DEVELOPMENT

Financial Centre Development Department
The Financial Centre Development Department (FDD) is responsible for developing and promoting Singapore as an international financial centre. It identifies new financial activities that grow the breadth and depth of the financial centre, and proactively markets Singapore’s financial centre to existing and new players. FDD also facilitates the development of a world-class financial sector workforce in Singapore. FDD has offices in Singapore, New York and London.


MONETARY POLICY, RESERVE MANAGEMENT AND INTERNATIONAL RELATIONS

Economics Department

The Economics Department (ED) formulates monetary policy appropriate for sustained and non-inflationary
economic growth in Singapore, monitors and assesses systemic financial stability, and closely follows and evaluates developments in the G-3 and regional economies. It also provides analyses and forecasts to support policy decisions, advises on international economic and financial issues, undertakes in-depth studies on issues faced by the Singapore economy, and engages in public economics education.

Monetary Management Division
The Monetary Management Division (MMD) implements Singapore’s monetary policy by managing the trade-weighted Singapore-dollar exchange rate within its targeted policy band. It also conducts money market operations to manage liquidity in the banking system. MMD is also responsible for the issuance of Singapore Government Securities (SGS), as well as overseeing the growth and development of the SGS market.

Reserve Management Department
The Reserve Management Department (RMD) is responsible for investing MAS’ foreign reserves in major bond and currency markets globally, including managing the tranche of reserves outsourced to external fund managers. RMD’s portfolio managers are based in Singapore, New York and London.

International Department
The International Department (INT) develops and shapes an MAS-wide perspective on international monetary and financial issues, enabling MAS and Singapore to play an active and constructive role in international and regional financial fora. Working closely with its counterparts at other Singapore ministries and agencies, INT promotes the development of strong relations with foreign central banks and finance ministries, and international financial institutions.


CORPORATE RESOURCE MANAGEMENT

Corporate Services Department
The Corporate Services Department (CSD) oversees logistics and administration. It manages and provides administrative support for events hosted or organised by MAS. It is also responsible for tenancy, property, security and building related matters.

Finance Department
The Finance Department (FD) is responsible for managing the financial resources of the Authority. Its functions include the control and budgeting of MAS’ assets and liabilities, and accounting, settlement, safe-custody, counterparty risk management, performance evaluation and taxation issues relating to MAS’ Global Investments. FD also administers the MAS Electronic Payment System and the issue of SGS, as well as maintains the current accounts of banks and international monetary organisations and financial institutions. The department also oversees the Net Economic Value function in MAS.

Human Resource Department
The Human Resource Department (HRD) formulates and implements MAS’ human resource management policies. These include attracting talent for the organisation, managing and retaining talent through a fair performance appraisal system and a competitive remuneration package, as well as developing talent through needs-based training and development programmes.

Information Technology Department
The Information Technology Department (ITD) promotes the strategic use of technology and provides IT services to the departments of MAS. ITD also
manages two nation-wide financial networks, namely MASNET and the MAS Electronic Payment System (MEPS). The networks provide the infrastructure for efficient electronic communication and collaboration in the financial sector; and, minimise payment risks for Singapore’s banking system, respectively.


INTERNAL AUDIT

Internal Audit Department
The Internal Audit Department (IAD) conducts financial, operational and information systems audits of MAS’ operations. IAD checks for compliance with policies, guidelines, laws and regulations, and evaluates the reliability of financial records, and the security and integrity of information systems. In addition to seeking improvement in internal efficiencies, IAD also works with other departments to review controls in new systems and business processes.


MANAGING DIRECTOR’S OFFICE

Planning, Policy and Communications Department
The Planning, Policy and Communications Department (PPC) is responsible for strategic and corporate planning, organisational development, and corporate communications. PPC facilitates the formulation of organisational policies and strategies and drives the strategic and corporate planning processes. It facilitates the building of a more cohesive and integrated organisation by fostering an open and innovative culture within MAS. PPC is responsible for external communications, including media relations.

[Introduction] [Members of the Board] [Chairman's Statement] [Organisation Structure]

[Table Of Contents]