Singapore central bank to revise structure

SINGAPORE - The Monetary Authority of Singapore said on Thursday it will introduce several structural changes "to more clearly align the organisation's resources and objectives."

Effective from 1 September, the MAS will integrate prudential policy functions for banking, securities and insurance, currently carried out by different units within the MAS, to a new Prudential Policy Department.

The new department will be responsible for formulating risk-based capital and other prudential policies ac