Monetary Authority of Singapore (MAS)

💡 #DidYouKnow that Singapore’s paper currency notes come with multiple security features to help you identify if they’re genuine?   By using the "Look, Tilt, Feel" method, you can easily spot details like watermarks, security thread, and UV features that ensure your note is authentic.   Watch this video to learn how: https://lnkd.in/g6G5gN4q   #CurrencyAwareness #CounterfeitPrevention

#ICYMI A lookback at the journey of Project Guardian, MAS’ pioneering initiative in asset tokenisation. This year, we achieved remarkable milestones — from ground-breaking tokenisation projects to key partnerships that are reshaping the future of finance.   Learn more about Project Guardian’s journey and what else is in store for the future: https://lnkd.in/gH5hfteE   #MAS #ProjectGuardian #FinTech

This festive season, stay vigilant against scams. Remember, MAS will never ask you to transfer money, disclose personal or banking credentials. Neither would banks transfer calls to any party outside the bank, such as the Police or Government officials. Stay alert and ACT against scam: ADD, CHECK, TELL: 🔐 ADD security features like call blocking, 2FA, and Money Lock 🔐CHECK with the ScamShield helpline (1799) or at scamshield.gov.sg 🔐TELL the authorities, family, and friends if or when you encounter scams. If suspicious, call your bank immediately and make a police report Read the latest joint advisory from MAS and Singapore Police Force: https://lnkd.in/guuwC53m #MASAlerts #ScamAlert #FinancialSafety #ScamPrevention

💡 #DidYouKnow that counterfeit Singapore dollar notes can sometimes be identified by missing or altered security features? Be sure to check the security thread, intaglio print, kinegram and watermark for any missing or altered security features. Stay vigilant and check your notes to avoid receiving counterfeit notes! Read more here: https://lnkd.in/gcRiCYbA #CurrencyAwareness #CounterfeitPrevention

MAS and The Association of Banks in Singapore have announced that two new payments solutions will be launched in mid-2025 to support the transition to e-payments for both corporate and retail cheque users. These solutions will complement Singapore's existing suite of e-payment modes, including PayNow, FAST, GIRO and MEPS+. To allow corporates sufficient time to adopt these new solutions, MAS and ABS have also announced a one-year extension of the deadline to cease processing of corporate cheques. MAS has released a public consultation paper with details on the transition plan from cheques to e-payments, as well as proposed initiatives that focus on addressing the needs and concerns of corporates and individuals. Find out more here: https://lnkd.in/gq3HhPP7

MAS has renewed its partnership with NUS to extend the MAS Term Professorship in Economics and Finance at the University for another five years. 🤝✍️Earlier today, the agreement was signed by MAS’ Deputy Managing Director (Economic Policy) and Chief Economist, Mr Edward Robinson, and NUS’ Professor Tulika Mitra, Vice Provost of Academic Affairs, at the NUS University Hall. Since the establishment of the Term Professorship Programme in 2009, there have been 23 distinguished visitors such as Nobel Laureate Professor Mike Spence and foremost names in international economics including Professor Barry Eichengreen and Professor Darrell Duffie. These prominent global scholars in economics and finance have helped facilitate knowledge transfers, through working with faculty and graduate students at NUS and visiting policymakers and economists at MAS. MAS values our close relationship with the NUS and remains committed to supporting Singapore’s research infrastructure through this Programme. For more details on the Term Professorship Programme, please refer to this media release: https://lnkd.in/gyN5MMNA.

The Australian Government 🇦🇺 has approved a US$50 million investment into the Green Investments partnership (GIP) under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative 🇸🇬. Australia’s investment, administered by Export Finance Australia, will help facilitate investment opportunities in clean energy and #sustainable infrastructure projects across Southeast Asia and create commercial opportunities for Australian exporters and financial institutions. Read more here: https://lnkd.in/gRzqJXEy

MAS issues the 2024 Financial Stability Review today. The Review documents MAS’ regular assessments of risks and vulnerabilities across the corporate, household and financial sectors, arising from developments in Singapore and the global economy, and aims to contribute to a greater understanding among the public on issues affecting Singapore’s financial system. READ: https://lnkd.in/gQcJz3Xj

MAS and the Chinese National Financial Regulatory Administration (NFRA) reaffirmed our commitment to strengthen supervisory cooperation at the annual MAS-NFRA Supervisory Roundtable today. Held at the sidelines of the 30th anniversary commemoration of the Suzhou Industrial Park, the Roundtable was co-chaired by Deputy Managing Director (Financial Supervision) of MAS, Ms Ho Hern Shin, and Vice Minister of NFRA, Mr Zhou Liang. Find out more here: https://lnkd.in/gb28JJey

MAS held its annual International Advisory Panel (IAP) meeting in Singapore today. The meeting chaired by MAS Chairman Mr Gan Kim Yong saw leading financial experts discuss Singapore’s financial sector strategies for the next bound of growth, and how to catalyse artificial intelligence development and scale the next generation of financial infrastructure including quantum technology. IAP members also had a fruitful dialogue with Prime Minister Lawrence Wong with a candid exchange of perspectives on global financial sector developments. We thank our IAP members for their valuable advice and we look forward to working with them to continue the development of Singapore 🇸🇬 as a global financial centre in Asia and a global FinTech hub. 🌏