Monetary Authority of Singapore

The next test lies not just in how much money it attracts, but whether it can produce the people and firms to manage it

Cultivating local funds and talent pool entrenches the decision-makers who truly drive capital here

Singapore and Hong Kong each boast asset management industries worth more than US$5 trillion

Analysts say MAS’ announcement is timely and sends a ‘strong signal’ of Singapore’s drive to grow the sector

Measures comprise new tax-exemption scheme, hedge fund investment programme, initiative to attract foreign talent

Complex source-of-wealth checks can take months, but banks say straightforward cases take much less time

Having MAS that worries out loud and two reserve funds that hedge while they buy might be the most sensible set-up available

The central bank is in talks with industry on how the Republic’s financial markets edge could be improved

MAS, ABS set up task force to boost cyber, technology resilience against AI-driven threats