The Monetary Authority of Singapore (MAS) will need the optimal blend of creativity and caution to face new challenges as well as create opportunities for Singapore's financial sector and economy, says Prime Minister Lee Hsien Loong. 

Speaking at the MAS Partners Appreciation Evening in conjunction with the regulator’s golden jubilee, Lee says the challenges and opportunities include emerging disruptive technologies such as artificial intelligence and technology, aside from new business models such as decentralised finance. 

The MAS has played a major role in Singapore’s economic and financial development, says Lee. “Its monetary policies and management of official reserves have sustained macroeconomic stability and confidence in Singapore. Its regulation and supervision of financial institutions have created a safe and internationally trusted financial system; and its development strategies have made the financial sector an engine of growth, attracting investments and creating many good jobs,” says Lee.  

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