Singapore Wins Top Central Bank Award; Flug Is Governor of Year

The Monetary Authority of Singapore was named central bank of the year for its strong track record of stability and push to develop the city state into a financial technology hub.

The annual award, adjudicated by Central Banking journal, cited the MAS’s property cooling measures, an upgrading of its regulatory and supervisory practices and a willingness to spur new technologies as reasons for the accolade. The Singapore central bank has an “enviable track record for monetary and financial stability” and is a “pioneer in creating a framework to facilitate next-generation technological and financial innovation,” it said.