Ravi Menon

MAS Menon says blockchain 'not solution for every problem' but potential should be unlocked for 'deep economic or social impact'
SINGAPORE (Mar 7): Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), says the central bank is committed to partnering global financial institutions and companies to realise the potential of blockchain technology in Singapore. “My plea to you is pick a viable use-case [for blockchain technology] with deep economic or social impact and work towards bringing it to ...
MAS aborts shared 'know your customer' project
SINGAPORE (Nov 12): The Monetary Authority of Singapore (MAS) has scrapped an industry-wide project for banks to share background and personal information of new customers under the “know-your-customer” or “KYC” checks. Instead of banks conducting KYC checks separately, MAS had intended the data be pooled into a common database from which checks can be made as and when new customers ...
MAS strikes upbeat tone amid trade tensions
(Oct 10): Global economic risks may have risen but there’s no need to overreact just yet, said Singapore’s central bank chief Ravi Menon. “Dark clouds are an appropriate phrase but it’s not raining yet,” Menon, managing director at the Monetary Authority of Singapore, said in an interview on Bloomberg Television on Tuesday. “I don’t want to paint too glossy a picture on it but I ...
Singapore aids crypto firms seeking banks while staying vigilant
(Oct 10): Singapore’s financial regulator is willing to lend a hand to cryptocurrency firms having problems setting up local bank accounts, but doesn’t plan to loosen its rules to lure more crypto startups to the country. “We should not be trying to create an extremely lax regulatory environment in order to attract that kind of business," Monetary Authority of Singapore Managing Director ...
MAS chief Ravi Menon said to be shortlisted to head global financial watchdog
SINGAPORE (Oct 1): Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), is said to be in the running to head the Financial Stability Board, the watchdog for the global financial system, according to Bloomberg. Citing people familiar with the matter, who asked not to be named because the selection process is private, the report says Menon is on the list of potential ...
MAS and US Commodity Futures Trading Commission to cooperate on fintech innovation
SINGAPORE (Sept 13): The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) on Thursday signed an arrangement to foster greater cooperation in fintech. The arrangement supports both authorities’ efforts to facilitate fintech development and innovation in their respective markets. This arrangement is the CFTC’s second fintech cooperation arrangement ...
Asian EMs better off than global peers, Singapore's Menon says
SINGAPORE (Sept 13): Emerging markets in Asia are in a stronger position than peers elsewhere because of solid economic growth prospects, low inflation and strong reserve buffers, said Singapore’s central bank chief. While the region’s developing economies won’t be spared from the market turmoil that’s hit countries from Argentina to Turkey, once the “adjustment has run its course” ...
MAS says global growth risks risen 'significantly'
SINGAPORE (July 4): Singapore’s central bank said tail risks to global economic growth have increased “significantly” in the past six months because of a pick-up in inflation and trade tensions. “The world has clearly moved from trade tension to trade conflict,” Ravi Menon, Managing Director of the Monetary Authority of Singapore, told reporters on Wednesday at the release of the ...
Singapore's 1MDB-related probes ongoing, says Menon of MAS
SINGAPORE (July 4): Investigations into 1MDB-related criminal activities are ongoing in Singapore and authorities here have been actively sharing information with their counterparts in Malaysia, says Ravi Menon, managing director of the Monetary Authority of Singapore. “Investigations in Singapore are ongoing, they have not stopped. We are still looking at certain individuals and there are ...
Singapore poised to connect global investors to the region amid Asian growth, says MAS MD Ravi Menon
SINGAPORE (June 5): Singapore stands poised to connect global investors to the region, as Asia’s dynamism and growth look set to be the defining investment theme over the next decade, says Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Speaking at the Nomura Investment Forum Asia 2018 on Tuesday, Menon says global investors are already flocking to participate in ...