MAS celebrated 50 years of partnership with the financial industry, government agencies, academia, international organisations, past and present MAS leaders and staff, in a hybrid event live-streamed from MAS Building on 7 October 2021.  A small group of guests gathered at the MAS Penthouse for the event, whilst more than 900 guests participated virtually.  

Watch the full video of the Partners Appreciation Evening

MAS thanks our valued industry partners who have worked with and supported us over the last 50 years.

Watch the MAS50 Partners Appreciation Video

MAS Managing Director (MD) Ravi Menon shared his reflections on MAS’ achievements over the past five decades, made possible by the strategic vision of past leaders, the deep professionalism of generations of MAS officers, and strong partnership with the financial industry which stood with us through thick and thin.

Prime Minister Lee Hsien Loong’s speech highlighted how MAS’ approach of marrying caution with creativity and its close cooperation with industry and public sector partners delivered economic and financial results for Singapore. His speech illustrated this, through five key episodes spanning the last five decades: 

1. The launch in 1968 of the Asian Dollar Market 
2. The adoption in 1981 of an exchange rate-centred monetary policy framework 
3. The new approach from 1998 onwards to supervising and developing the financial sector 
4. The use of macroprudential measures from the late 2000s to stabilise the property market  
5. The decisive move since 2015 to become a Smart Financial Centre and leading FinTech hub 

The MAS Partners Appreciation Award recognises 17 of MAS’ key industry partners who have worked alongside us over the years, and contributed to the development and resilience of the Singapore financial sector:

• Association of Financial Advisers (Singapore) 
• Consumers Association of Singapore 
• Credit Counselling Singapore 
• Financial Industry Disputes Resolution Centre 
• Finance Houses Association of Singapore 
• General Insurance Association of Singapore 
• Investment Management Association of Singapore 
• Life Insurance Association Singapore 
• Private Banking Industry Group 
• Remittance Association (Singapore) 
• Securities Association of Singapore 
• Securities Investors Association (Singapore) 
• Singapore FinTech Association 
• Singapore Foreign Exchange Market Committee 
• Singapore Reinsurers’ Association 
• The Association of Banks in Singapore 
• The Institute of Banking and Finance

MAS Chairman Tharman Shanmugaratnam shared that the 50th Anniversary Commemorative Book - “Resilience, Dynamism, Trust: 50 Landmark Statements by MAS Leaders”, told the story of how MAS built up credibility over the past five decades as a central bank, a financial supervisor and a partner with the industry in developing a financial centre. 

Former MAS Managing Directors Mr J. Y. Pillay (from April 1985 - October 1989) and Mr Koh Yong Guan (from January 1998 - March 2001 and October 2001 - May 2005) launched “Resilience, Dynamism, Trust: 50 Landmark Statements by MAS Leaders”, a compendium of key speeches and statements by MAS leaders over the past 50 years.