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MAS to set up Financial Literacy Institute

Mr Heng Swee Keat, Managing Director, MAS

Mr Heng Swee Keat, Managing Director, MAS

At the ‘Mind Your Money’ Seminar at Pan Pacific Hotel, Mr Heng Swee Keat, Managing Director of Monetary Authority of Singapore announces that ‘MoneySENSE intends to partner an Institute of Higher Learning to set up a Financial Literacy Institute. Building on MoneySENSE’s work, the Institute will identify core financial literacy competencies at each stage of our life, and develop and conduct programmes to enable us to learn these skills.’

MoneySENSE is a national financial education programme launched by Mr. Lee Hsien Loong, then Deputy Prime Minister and Chairman of the MAS on 16 October 2003. MoneySENSE brings together industry and public sector initiatives to enhance the basic financial literacy of consumers.

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