The Monetary Authority of Singapore (MAS) is not a financial institution. MAS is the central bank and financial regulatory authority of Singapore. It is a government agency responsible for overseeing and regulating various aspects of the financial sector in Singapore. MAS plays a crucial role in maintaining the stability and integrity of the financial system, managing monetary policy, and promoting the development of the financial industry in Singapore.
While MAS is not a financial institution itself, it regulates and supervises financial institutions, including banks, insurance companies, securities firms, and payment service providers, to ensure that they comply with regulatory requirements and operate in a safe and sound manner. MAS also issues and manages the Singapore dollar currency, implements monetary policy, and acts as the lender of last resort in times of financial crisis.
MAS is a regulatory authority and central bank responsible for overseeing and regulating the financial sector in Singapore, rather than a financial institution that provides banking or financial services.