Central Banking

MAS moves to bolster payments supervision


The Monetary Authority of Singapore (MAS) is seeking to strengthen its role as supervisor of the most important payment systems in the country with new legislation introduced into parliament today (November 12).

Singapore's Payment Systems (Oversight) Act (PSOA), originally enacted in 2006, outlines the responsibilities of operators or settlement institutions of ‘designated payment systems' – those viewed to be important to financial stability or public confidence – to the MAS.

The Bill seeks 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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: