#ICYMI The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF), supported by Workforce Singapore (WSG), have launched the Sustainable Finance Jobs Transformation Map (JTM) on 17 April 2024. The JTM provides insights on the impact of sustainability trends on jobs in Singapore’s financial sector and emerging skills needed by the workforce. Check out this highlights reel from the launch event. Read more about the Sustainable Finance JTM here: https://lnkd.in/gvCixZ42
Monetary Authority of Singapore (MAS)
Banking
The Monetary Authority of Singapore is the central bank of Singapore.
About us
MAS is at the forefront of Singapore’s rapidly growing financial industry, creating new policies and initiatives that address the ever-changing landscape. Work at MAS promises not only challenges worthy of your intellectual abilities, but also the personal satisfaction that comes from building one of Asia’s premier financial hubs. We invite you to take up the challenge and make a difference to Singapore’s economic and financial development! At MAS, we place a great emphasis on developing a vibrant and conducive work environment that motivates each and every employee to make a meaningful contribution to the organisation. Our people recognize the importance of upholding our values to achieve more together. We believe that it is essential that our people enjoy working here with one another. MAS' Functions - To act as the central bank of Singapore, including the conduct of monetary policy, the issuance of currency, the oversight of payment systems and serving as banker to and financial agent of the Government - To conduct integrated supervision of financial services and financial stability surveillance - To manage the official foreign reserves of Singapore - To develop Singapore as an international financial centre
- Website
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http://www.mas.gov.sg
External link for Monetary Authority of Singapore (MAS)
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Singapore
- Type
- Government Agency
Locations
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Primary
Get directions
10 Shenton Way MAS Building
Singapore, 079117, SG
Employees at Monetary Authority of Singapore (MAS)
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Gregor Hohpe
Riding the Architect Elevator from enterprise architecture to cloud automation. Author, Speaker, former Singapore Smart Nation Fellow
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David Craig
Co-Chair TNFD, founder and CEO Refinitiv. Financial Industry Advisor - technology, data and sustainable finance. Private investor natural capital
Updates
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Mr Gan Kim Yong, Minister for Trade and Industry, and Deputy Chairman of MAS delivered the keynote speech at the launch of the IBFSG - The Institute of Banking & Finance Singapore Golden Jubilee ITE Scholarship today. In his speech, Minister Gan spoke about achieving three "P"s through this scholarship: expanding possibilities, catalysing partnership, and reframing perspectives. Read the speech here: https://lnkd.in/gnb9eZai #IBF50
Bringing a first-of-its-kind industry scholarship to Institute of Technical Education (ITE) students Today we launched the IBF Golden Jubilee ITE Scholarship, which would provide 50 eligible ITE final-year students with a study award and a 5-month internship with a financial institution. This initiative would offer selected ITE students the opportunity to gain practical experience and acquire relevant skills within the financial sector. 13 Financial Institutions (FIs), including BNP Paribas, DBS Bank, GREAT EASTERN, HSBC, Howden, J.P. Morgan, Maybank Singapore, Mizuho Bank, MSIG Singapore, OCBC, Prudential Assurance Company Singapore, SGX Group and UOB are partnering IBF and ITE to make this possible. In his keynote address, Mr Gan Kim Yong, Minister for Trade and Industry and Deputy Chairman of MAS shared the three “P”s at the heart of this initiative, which include: 1. Expanding Possibilities – through internships, the ITE students would be able to gain industry exposure, explore a wide range of opportunities available within the financial sector, and meet industry practitioners and mentors who can guide them in navigating career opportunities and pathways in the sector. 2. Catalysing Partnerships – this is a first step towards closer partnerships between Financial Institutions (FIs), IBF and ITE, as they move to explore the feasibility of a new Work-Study Diploma in the area of financial services, in a collaborative effort to create more pathways for young ITE graduates and uplift their career prospects. 3. Reframing Perspectives – beyond the study awards and internships, the IBF Golden Jubilee ITE Scholarship is a key stepping stone towards greater inclusivity and skills-based hiring within the financial sector, with different stakeholders coming together to demonstrate that there are many ways for someone to contribute to an organisation, and many pathways to success. Memorandums of Understanding (MOUs) were signed between IBF, ITE and the participating FIs to further solidify our collective commitment to provide scholarship and internship opportunities to ITE students and graduates. Learn more about the IBF Golden Jubilee ITE Scholarship here: https://lnkd.in/gQpXp58a
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The United Kingdom 🇬🇧 and Singapore 🇸🇬 held the 9th UK-Singapore Financial Dialogue in Singapore today. Both countries discussed collaboration opportunities in priority areas such as #sustainablefinance and #FinTech and innovation, and exchanged views on recent developments in non-bank financial intermediation (NBFI) as well as efforts to improve cross-border #payment connectivity. Read more here: https://lnkd.in/gVNx64RE HM Treasury
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#ICYMI: MAS has amended the Payment Services Act (PS Act) to expand the scope of payment services it regulates, and to impose user protection and financial stability-related requirements on digital payment token service providers. Find out more: https://lnkd.in/gPdUje6b
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MAS today announced that it will not extend the pause imposed on DBS Bank Ltd (“DBS Bank”) that was effective from 1 November 2023 to 30 April 2024. The multiplier of 1.8 times to DBS Bank’s risk weighted assets for operational risk will be retained. While full implementation of DBS Bank’s remediation plan is still ongoing, MAS notes that the bank has made substantive progress to address the shortcomings identified from service disruptions experienced by its customers in 2023. MAS will closely monitor DBS Bank’s progress on the remaining deliverables and the effectiveness of the measures implemented. The multiplier of 1.8 times will be lifted when MAS is satisfied that DBS Bank has demonstrated the ability to maintain service availability and reliability, and handle any disruptions effectively. https://lnkd.in/ggp3TCVH
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Asia Infrastructure Forum (AIF) 2024 will return for its fourth edition on 4 to 5 June in Singapore. Themed ‘Sustainable Infrastructure: Transforming Asia’s Journey”, AIF 2024 centres on the urgent need to transform our approach to accelerate Asia’s green transition. Join us for two days of in-depth discussions, expert presentations and meaningful networking opportunities as we explore innovative solutions and fresh perspectives to advance the region’s #sustainableinfrastructure agenda. Register here: https://lnkd.in/g2r6cmm2 AIF 2024 is co-organised by Infrastructure Asia, the Ministry of Finance (Singapore), Enterprise Singapore and MAS, with The World Bank Group as the Strategic Partner. #AsiaInfrastructureForum #AIF2024
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Embracing sustainability is a lifestyle we're cultivating together! 🌍🌱 Join us on our journey, from DIY workshops to nature escapades. Let's work smarter, live greener, and inspire change one step at a time! Learn more about our environmental roadmap here: https://lnkd.in/gp3tig7a #EarthDay
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MAS’ Wellness Ambassadors gave out popsicles earlier this week, to encourage employees to download a wellness app, to access a range of well-being support measures at any time. This includes well-being screening tools, self-care resources as well as personalised coaching for physical and mental well-being. The app is part of the Singapore public service’s Employee Wellness Programme, Well-being@Gov. This is the latest addition to MAS’ range of wellness initiatives which includes “Focus Fridays”, where we avoid scheduling meetings on Friday afternoons, and "Rest & Recharge periods", where we set aside time in the year to intentionally slow down our pace of work.
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MAS and IBFSG - The Institute of Banking & Finance Singapore, supported by Workforce Singapore, has launched the Sustainable Finance Jobs Transformation Map (JTM), which lays out the impact of sustainability trends on jobs in Singapore’s financial services sector and the emerging skills that the workforce will require to serve sustainable financing demand in the region. The JTM was launched by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board Member of MAS. Read his speech: https://lnkd.in/gvCixZ42 MAS has also set aside S$35 million in the Financial Sector Development Fund to support upskilling and reskilling, and develop specialists in sustainable finance over the next three years. Read more: https://lnkd.in/gFditMwW #sustainablefinance #jobs #skillsdevelopment #financialservices
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The FAST Conference 2024, co-organised by BlackRock, MAS and Temasek, brought participants from financial institutions and the real economy to facilitate conversations on the concrete steps and collaboration needed to translate climate ambition into action. In his speech, Mr Chia Der Jiun, MAS Managing Director, outlined 3 key actions needed for Asia’s climate transition: - Sustaining collective commitment and action - Strengthening disclosures - Supporting the de-risking and viability of transition financing Read his speech here: https://lnkd.in/gyHaTdyy