Role of MAS enhanced with Banking Amendment Bill

The Monetary Authority of Singapore's role as the central bank was enhanced on Monday 22 January when Parliament passed the Banking Amendment Bill, Channel News Asia reported.

The bill will revise the scope of MAS' powers to address emerging issues, the report said.

According to the Minister for Trade and Industry and MAS Deputy Chairman Lim Hng Kiang, the Bill would enable the MAS to strengthen Singapore's position as a international financial hub.

Lim told parliament: "Our aim is not so much to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.