MAS claims they mark to 75th percentile of financial sector pay. I think they must be referring to bank teller's pay package.
Comments here are quite accurate. Big open wound and the management is using plaster to patch. Don't believe the management about work prioritisation anymore.
MAS is quite half hearted about the work it does and falls prey to big words and empty trends like ESG and DeFi without dedicating resources to study the regulatory risks and rewards. It is ridiculous that the one and only central bank and integrated financial regulator faces a brain drain and tries to save on salaries for staff doing, by definition, cutting edge and forward looking work for Singapore as financial centre.