Trade Finance Forum › Forums › Market Regulations › Risk Analysis › Who in Singapore is in charge of regulating all trade finance companies? › Reply To: Who in Singapore is in charge of regulating all trade finance companies?
MAS regulates and supervises over more than 150 deposit-taking institutions in Singapore. These include full banks, wholesale banks, merchant banks, and finance companies. The Banking Act controls credit card and charge card companies in Singapore. With assets total almost US$2 trillion, Singapore’s banking sector is a key part of the country’s role in financing trade and infrastructure growth in the country and the region. It is also a well-established global private banking centre.