Reported by: banking|Updated: February 8, 2019
The Monetary Authority of Singapore (MAS) has been named the central bank of the year by London-based journal Central Banking. The journal has instituted the award to recognize best practices in policy, governance, economics and management. Christopher Jeffery and editor-in-chief and award committee chairman, said Singapore’s central bank stands out for its pioneering fintech efforts combined with its consistency of performance in monetary policy, financial stability and supervision. He added that MAS has proven itself to be a well-structured and agile institution capable of introducing joined-up rule-making while embracing technological change, all the while seeking to maintain a focus on prudent oversight of financial institutions – for which it has a strong track record.