What additional sector does the Monetary Authority of Singapore regulate, apart from finance?

The Monetary Authority of Singapore (MAS) has a broad mandate that includes not only the regulation of the financial sector but also the oversight of the insurance industry. This encompasses a variety of activities such as ensuring the soundness of insurance companies, protecting policyholders, and promoting fair and transparent practices within the insurance market.

By focusing on the insurance sector, MAS works to create a stable financial environment that benefits both consumers and insurers, thereby enhancing the overall integrity of the financial system. While the MAS regulates various financial institutions and services, its role in the insurance market is significant for maintaining public confidence in financial products and services, hence protecting consumers’ interests. This comprehensive oversight helps ensure that the insurance industry operates effectively, which is vital for economic stability.

While options like healthcare, real estate, and telecommunications may have their own regulatory bodies, they do not fall under the direct purview of the MAS, which is specifically focused on finance and related sectors.