The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator. As a central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector. As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors and financial market infrastructures. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructures, adoption of technology, and upgrading of skills in the financial industry.
On 14 July 2022, MAS, Global Fintech Institute (GFI) and SUSS signed a Memorandum of Understanding to co-build the Small and Medium Enterprise Financial Empowerment Programme (SFE Programme).
The SFE Programme aims to create an international digital financial knowledge
digital hub that is spearheaded by MAS, with SUSS being the founding academic partner to provide academic leadership on the SFE Programme as it grows globally to be adopted by other leading institutions.
The MOU undergirds the intention to collaborate with MAS and GFI on knowledge content development in finance technology, digital economy and financial empowerment for SMEs, in the endeavour to augment Singapore’s position as a global financial learning hub.