Licensing and Authorisation
MAS regulates and supervises over 150 deposit-taking institutions in Singapore, including full banks, wholesale banks, merchant banks and finance companies. With a total asset size of almost US$2 trillion, the Singapore banking sector is critical to Singapore’s role in financing local and regional growth in trade and infrastructure, and an established global private banking centre. Find out about the different types of deposit-taking institutions and their permitted activities.
Find out how to apply for a wholesale banking licence, to operate as a merchant bank, or to set up a bank representative office.
Credit card and charge card issuers in Singapore are governed by the Banking Act . See the regulations for credit card and charge card issuers.
Regulations and Guidance
MAS is governed by the MAS Act, which confers on it powers to issue legal instruments for regulation and supervision of financial institutions.
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What's New
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MASM-841 with Section Navigation
Components Update from New Section Navigation
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Guidelines-Test001
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Notices-1113
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Cyber Security
Technological innovation and advancement are rapidly transforming the financial sector. The success of the digital transformation in the financial sector is underpinned by the safety and soundness of these technologies. Find out MAS’ strategies and guidance for financial institutions to achieve cyber resilience.
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Cyber Security
Technological innovation and advancement are rapidly transforming the financial sector. The success of the digital transformation in the financial sector is underpinned by the safety and soundness of these technologies. Find out MAS’ strategies and guidance for financial institutions to achieve cyber resilience.