It is okay to comment about cultures and how different it could be between MAS and the banks. But it is unfair to say the quality of work output is lesser or poorer in MAS or MAS should deserve less. Dude, like it or not, to run a financial sector business in Singapore, your FI needs to applease MAS. You think MAS is stupid then you better exit Singapore financial sector because your bank might find this place so stupid to business with stupid rules and stupid returns to fill that it fires you and close down in SG. If that did not happen and everything seeems fine, is because your CEO in HQ decided that it is better deal to hire compliance and spend the resources to deal with MAS.

As a Singaporean, do you think MAS can offer to hire stupid and incompetent officers? This is the central bank that dictates the value of SGD, the regulator that make sure the banks and market do not got rogue and tmr your bank account do not simply become zero, it is also the agengy giving many grants funded by taxes behind the scenes to persuade the CEOs of high paying foreign banks, family offices and fund managers to please keep the jobs here and hire locals.

If MAS can be made up of incompetent people, then great because SGporeans can save some tax monies .