Tag: ITM

ITM

MAS Targets FX as Part of Growth Plan

The Monetary Authority of Singapore (MAS) says it will encourage key FX players to site their pricing and matching engines in the city state as it strives to become “a leading financial centre in Asia”.
In a speech delivered launching Singapore’s industry transformation map (ITM), Ong Ye Kung, Minister for Education (Higher Education and Skills) and MAS Board member, described MAS’ vision for Singapore being one that connects global markets, supports Asia’s development, and serves Singapore’s economy. The ITM was drawn up by MAS in consultation with the financial industry and the tripartite movement, MAS says.