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                BANKS & FINANCIAL INSTITUTIONS
 MONETARY AUTHORITY – Cont’d
MONETARY AUTHORITY OF SINGAPORE – Cont’d
Market Conduct Investigations II Director/Head............................................................Mr Eric Chia
Surveillance & Forensics
Director/Head .................................................... Mr Ang Eng Seng
Enforcement Policy & Legal
Deputy Director & Head ........................................Ms Kok Shu En
PAYMENT SUPERVISION OFFICE:
The Payments Supervision Office (PSO) regulates payment systems and payment services providers. Payment systems
(e.g. GIRO, FAST, NETS Electronic Funds Transfer at Point-of-Sale) are supervised for their safe and efficient operations, while payment services providers (e.g. money changers, remittance agents, stored value facility holders) are supervised primarily for anti-money laundering and countering the financing of terrorism (AML/CFT) controls. PSO is also responsible for supervising other entities subject to the Payment Services Act, such as merchant acquirers and digital payment token exchanges, and credit bureaus regulated under the Credit Bureau Act.
Deputy Director and Head................................Mr Ken Nagatsuka Director and Specialist Leader
(Payment Systems).............................................Mr Lau Tze Hon
PRUDENTIAL POLICY DEPARTMENT:
The Prudential Policy Department fosters a sound and dynamic financial sector in Singapore through prudential policy formulation. The department develops capital and liquidity standards, including MAS’ approach on the implementation of Basel III as well as contributions to international policy forums. It oversees MAS’ policies on housing loans and unsecured credit, concentration limits, and the deposit insurance and policy owners’ protection schemes. The department also reviews MAS’ policy on banking structures, and strengthens the regulatory frameworks for banks, merchant banks, finance companies, and financial holding companies.
Executive Director................................................ Mr Kenneth Gay
Capital & Liquidity Policy Division Director/Head...........................................................Ms Sandy Ho
Prudential Advisory Division
Deputy Director/Head ................................... Mr Yong Choon Mun
Regulatory Framework Division Director/Head........................................................Ms Pauline Sim
CORPORATE DEVELOPMENT GROUP:
Deputy Managing Director ................................. Mr Chia Der Jiun
TECHNOLOGY GROUP:
The Technology Group brings together expertise in data analytics, information technology and cybersecurity to support MAS as a digitally enabled and secure organisation and strengthen the supervision of technology risks in the financial sector.
Assistant Managing Director ................................. Mr Vincent Loy
DATA ANALYTICS DEPARTMENT:
The Data Analytics Department (DAD) leads MAS’ efforts to position itself and the financial sector for the digital economy of the future by harnessing data analytics to unlock insights and improve work efficiency across the organisation.
DAD comprises of two offices:
Data Governance Office formulates data management policies, manages data acquisition, quality assurance, access and dissemination as well as develops appropriate data architectures in partnership with the IT Department. SupTech and Analytics Office leverages the latest artificial intelligence and data analytics capabilities to enhance MAS’ supervision of the financial industry and also provides analytics solutions for our central banking, development and corporate functions in MAS.
Assistant Managing Director ................................. Mr Vincent Loy
DATA GOVERNANCE:
Deputy Director and Head.......................................Dr Lee Su Fen
SUPTECH AND ANALYTICS:
Deputy Director and Head ................................. Mr Yap Ghim Eng
TECHNOLOGY AND CYBER RISK SUPERVISION DEPARTMENT:
The Technology and Cyber Risk Supervision Department (TCRD) formulates technology risk management and cybersecurity strategy as well as policies for the financial sector, performs cyber surveillance to maintain situational awareness over the latest cyber threats. The department supervises financial institutions’ technology risk management and business continuity management practices to maintain the reliability, security and resilience of their systems and services. It is also responsible for the review of MAS’ internal cybersecurity risk management measures.
Executive Director and Chief Cyber
Security Officer..............................................Mr Tan Yeow Seng
Division I
Director and Head..................................................Mr Tommy Tan
Division II
Deputy Director and Head ...................................Mr Lim Tong Lee
INFORMATION TECHNOLOGY DEPARTMENT:
The Information Technology Department promotes the strategic use of technology and provides IT services to the organisation.
The department also manages two nation-wide financial networks, namely the MASNET and the MAS Electronic Payment System (MEPS). The networks provide the infrastructure for efficient electronic communication and collaboration in the financial sector, and minimise payment risks for Singapore’s banking system, respectively.
The department also oversees the project management and administration of our national payment system, MAS Electronic Payment System (MEPS+), as well as the Singapore Clearing House Association and Automated Clearing House. In addition, it drives payment initiatives to promote the adoption of e-payments in Singapore.
Chief Information Officer ................................... Mr Lawrence Ang
CENTRAL BANKING AND DEVELOPMENT PLATFORMS:
Director and Head............................................Mr Tan Choon Kok
IT OPERATIONS:
Deputy Director and Head............................Mr Seetho Lin Keong
SUPERVISION PLATFORMS:
Director & Head .................................................. Mr Low Lar Wee
IT SECURITY:
Director & Head ...............................................Ms Wong Pei Yuen
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SINGAPORE BANKING & FINANCIAL SERVICES DIRECTORY 2020/2021
 









































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