Types of Deposit-Taking Institutions
Find out about the different types of deposit-taking institutions and their permitted activities.
Banking
Deposit-taking institutions in Singapore operate as full banks, wholesale banks, merchant banks or finance companies. Find out about the regulations, updates and licensing for such institutions.
Licensing and Authorisation
MAS regulates and supervises over 150 deposit-taking institutions in Singapore, including full banks, wholesale banks, merchant banks and finance companies. Credit card and charge card issuers in Singapore are governed by the Banking Act . With a total asset size of almost US$2 trillion, the Singapore banking sector is critical to Singapore’s role in financing local and regional growth in trade and infrastructure, and an established global private banking centre.
Regulations and Guidance
MAS is governed by the MAS Act, which confers on it powers to issue legal instruments for regulation and supervision of financial institutions.
Browse by Entity Types
Browse by Topic
Governance
Prudential and Supervisory Requirements
Risk Management
Treasury
Anti-Money Laundering
Consumer Finance
Resolution
Development Initiatives
What's New
-
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Wholesale Banks and Full Banks
This Compliance Toolkit aims to guide and facilitate wholesale banks’ and full banks’ understanding and compliance with the various MAS approval, notification, and reporting requirements and timelines.
-
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Merchant Banks
This Compliance Toolkit aims to guide and facilitate merchant banks’ understanding and compliance with the various MAS approval, notification, and reporting requirements and timelines.
-
Consultation Paper on Proposed Regulatory Approach for Stablecoin-Related Activities
This paper sets out MAS’ policy thinking regarding the overall regulatory approach on stablecoin-related issuance and intermediation activities, and highlights the key requirements that will be imposed on such activities. MAS invites comments from interested parties on the proposals set out in the consultation paper.
- Consultation number:
- P009 - 2022
- Start date:
- 26 October 2022
- Closing date:
- 21 December 2022
- Status:
- Open
-
Notice 603 Branches, Places of Business and Automated Teller Machines
Requirements for all banks in Singapore with respect to limitations on branches and places of business they can open, setting up ATMs and ATM networks, and providing debit services on an EFTPOS network.
-
National Strategy for Countering the Financing of Terrorism (CFT)
Taking into account the findings of the Terrorism Financing National Risk Assessment (TF NRA) 2020 , Singapore formulated our National Strategy for Countering the Financing of Terrorism (CFT). The National CFT Strategy forms the blueprint that outlines Singapore’s national approach to address our TF risks and serves as...