The financial sector in Singapore is governed by the Monetary Authority of Singapore (MAS), which also regulates brokers. After experiencing significant growth in its financial industry over the past few decades, MAS is a highly respected regulator that has helped Singapore become one of the most recognised jurisdictions in Asia for forex trading.
MAS serves a variety of other purposes, including serving as the nation’s central bank. Managing laws pertaining to banking, securities, currency issue, insurance, and the financial industry in general are among the other duties.