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The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves .
Banking Commission of the West African Monetary Union (CB-UMOA) ; Financial Markets Authority of the West African Monetary Union (AMF-UMOA) ; Regional Insurance Control Commission (CRCA) Bermuda: Bermuda Monetary Authority: Bhutan: Royal Monetary Authority of Bhutan: Bolivia: Autoridad de Supervisión del Sistema Financiero (ASFI) Bosnia and ...
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Citibank was among the first four foreign banks to be awarded a Qualifying Full Bank (QFB) licence by the Monetary Authority of Singapore (MAS) in 1999. In June 2002, Citibank was the first QFB-licensed bank in Singapore to offer the Visa global debit service, and the following July it was the first in Singapore to introduce a debit card ...
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves.Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is derived, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above ...
Monetary Authority of Singapore; S. Singapore Exchange This page was last edited on 9 November 2023, at 07:13 (UTC). Text is available under the Creative Commons ...
Menon was educated at Raffles Institution before graduating from the National University of Singapore in 1987 with a Bachelor of Social Sciences degree in economics. [1] [2]In 1993, he went on to obtain a Master of Public Administration degree from the Harvard Kennedy School under a scholarship awarded by the Monetary Authority of Singapore (MAS).