MAS safeguards the interests of consumers and promotes fair dealing. Various efforts support these goals. Simple, standardised fact sheets help consumers better understand the risks, costs and benefits of financial products so they can make informed decisions.
MAS also seeks to raise industry standards so as to improve the quality of financial advice provided to consumers, and to enhance the transparency and efficiency of financial products distributed in Singapore.
Safety nets are in place to protect and assist consumers should a financial institution run into difficulty. Bank depositors and insurance policyholders are assured that their monies are insured up to a certain amount.