Media Conference
At the media conference, MAS Managing Director Mr Chia Der Jiun spoke on key areas across central banking, financial sector development and regulation, as well as MAS’ financial performance. He shared about MAS’ carefully calibrated monetary policy response to lean more effectively against incoming inflationary pressures, and the resilience of Singapore’s financial system despite global stresses and uncertainties. He outlined the continued broad-based growth across Singapore’s financial sector, and updated on MAS’ efforts to scale innovation across the financial sector and strengthen resilience of our financial system to AI-enabled scams and cyber threats. In particular, he announced that MAS will be issuing supervisory expectations for key FIs to develop and submit comprehensive assessments and action plans to strengthen their defence against AI-enabled cyber threats, as well as to guide FIs’ phased migration towards quantum resilience.
Annual Report Chapters
Macroeconomic and Financial Stability
Securing macroeconomic and financial stability in Singapore through monetary policy based on economic analysis and surveillance, as well as participation in international initiatives
Robust and Resilient Financial Centre
Maintaining a robust and resilient financial centre by strengthening cyber resilience of Singapore’s financial sector, enhancing our regulatory regime for financial institutions and educating consumers
Responsible and Trusted Financial Centre
Upholding Singapore’s reputation as a responsible and trusted financial centre through efforts that combat money laundering and terrorism financing, enforce against breaches and adhere to global principles
Innovative and Inclusive Financial Centre
Promoting technology and innovation-driven growth in Singapore’s financial sector, supporting talent and skills development, and deepening financial cooperation with global partners
Greening the Financial System
Partnering the financial sector to strengthen resilience to environmental risks, develop a vibrant green finance ecosystem, build a climate-resilient reserves portfolio and incorporate sustainable practices in our organisation
Official Foreign Reserves and Central Bank Operations
Managing the Official Foreign Reserves and conducting money market operations to manage liquidity in the banking system
