Link to article: https://chambers.com/content/item/6271
Singapore is ranked the fourth leading financial centre in the world, according to the latest edition of the Global Financial Centres Index. As Singapore’s integrated financial regulator, the Monetary Authority of Singapore (MAS) is responsible both for the prudential oversight of all banks and financial institutions (FIs) and for building a dynamic and progressive financial centre. In 2024‒25, the key focus areas on the regulatory agenda include:
- enhancing the regulatory regime for Single Family Offices (SFOs);
- maintaining Singapore at the forefront of fintech innovation;
- strengthening defences against money laundering/terrorism financing (ML/TF) threats; and
- advancing sustainability and climate resilience.