Law & regulation

Monetary Authority of Singapore (MAS)

Central bank and integrated financial regulator of Singapore, an insurance and reinsurance hub in Asia.

Definition

The Monetary Authority of Singapore is both the central bank and the integrated financial regulator of Singapore, supervising banking, insurance, capital markets and asset management. Singapore has established itself as the main insurance and reinsurance hub in Asia, hosting the regional headquarters of many international groups and a developing specialty market, supported by an active hub-promotion policy. The MAS has encouraged innovation, notably in risk transfer to capital markets and catastrophe bonds covering Asian risks, as well as in digital insurance and sustainable finance. Its risk-based prudential framework aims to balance robustness and the hub's competitiveness. For groups seeking to capture the growth of Asian insurance markets, heavily under-penetrated and exposed to major catastrophe risks, Singapore and its regulation are a strategic entry point, and the MAS a key interlocutor for regional structuring.

Example

A reinsurer targeting Asian growth can establish its regional hub in Singapore, under MAS supervision, to capture under-penetrated and catastrophe-exposed markets.

Related terms
Also known as

MAS, Monetary Authority of Singapore, régulateur singapourien