MAS for Mid Career Professionals

Originally Posted by Unregistered

probably development group. no relevant or transferable skill to private sector, so no need to spend budget on them. just continue with the hire, burn them out and replace routine.

Why development group no transferable skills? Front office/sales?

Is not true that MAS officers are lousy and cannot survive in pte. Cannot say for individuals but definitely not as a class.

It is the regulator's job to reform and protect public interest to make the sector better. It is the pte sector side to ensure they know what the regulator expects and deliver what the regulator wants. That is the only way to stay in business for regulated industries so get your mindset right. If you think MAS sprouts nonsense, ignore them and see whether you, your CEO or the seemingly clueless MAS AD lose the job first. How to understand MAS better? One of many waysis to hire someone who work for MAS before.

MAS is also the central bank. If the country's central bank and all powerful financial regulator is terrible and staffed by lousy officers generally, do you think the sector can survive?

Of course, there are many good (arguably, better) regulators out there (honestly, MAS is not great, just good enough). But if you are in SG financial sector, then pray hard MAS is good because your foreign bank/insurer/broker could have moved to places w better regulators and larger investors base with a more vibrant stock exchange... and you wont be having your job in SG.

Originally Posted by Unregistered

Is not true that MAS officers are lousy and cannot survive in pte. Cannot say for individuals but definitely not as a class.

It is the regulator's job to reform and protect public interest to make the sector better. It is the pte sector side to ensure they know what the regulator expects and deliver what the regulator wants. That is the only way to stay in business for regulated industries so get your mindset right. If you think MAS sprouts nonsense, ignore them and see whether you, your CEO or the seemingly clueless MAS AD lose the job first. How to understand MAS better? One of many waysis to hire someone who work for MAS before.

MAS is also the central bank. If the country's central bank and all powerful financial regulator is terrible and staffed by lousy officers generally, do you think the sector can survive?

Of course, there are many good (arguably, better) regulators out there (honestly, MAS is not great, just good enough). But if you are in SG financial sector, then pray hard MAS is good because your foreign bank/insurer/broker could have moved to places w better regulators and larger investors base with a more vibrant stock exchange... and you wont be having your job in SG.

Nice try Susan

Originally Posted by Unregistered

MAS is also the central bank. If the country's central bank and all powerful financial regulator is terrible and staffed by lousy officers generally, do you think the sector can survive?

Of course, there are many good (arguably, better) regulators out there (honestly, MAS is not great, just good enough). But if you are in SG financial sector, then pray hard MAS is good because your foreign bank/insurer/broker could have moved to places w better regulators and larger investors base with a more vibrant stock exchange... and you wont be having your job in SG.

Singapore's status as a financial hub is due to several reasons such as a strong rule of law, political stability, low corruption, educated workforce, free and open economy, etc.

Foreign investors do not really place a whole lot of importance on who the regulator is. It is also paradoxical because foreign investors may actually prefer jurisdictions with "weaker" regulations. It's well-known that Binance took its business to Dubai after MAS rejected them.

HK for example, is generally less developed compared to SG in terms of regulatory requirements, yet they still have a large and vibrant stock exchange. In terms of equities, SGX is but a fraction of HKEX (although we do quite well in derivatives).

So as much as I am proud to be in financial supervision, we really ought to be humble and not overstate our importance.

Originally Posted by Unregistered

Is not true that MAS officers are lousy and cannot survive in pte. Cannot say for individuals but definitely not as a class.

It is the regulator's job to reform and protect public interest to make the sector better. It is the pte sector side to ensure they know what the regulator expects and deliver what the regulator wants. That is the only way to stay in business for regulated industries so get your mindset right. If you think MAS sprouts nonsense, ignore them and see whether you, your CEO or the seemingly clueless MAS AD lose the job first. How to understand MAS better? One of many waysis to hire someone who work for MAS before.

MAS is also the central bank. If the country's central bank and all powerful financial regulator is terrible and staffed by lousy officers generally, do you think the sector can survive?

Of course, there are many good (arguably, better) regulators out there (honestly, MAS is not great, just good enough). But if you are in SG financial sector, then pray hard MAS is good because your foreign bank/insurer/broker could have moved to places w better regulators and larger investors base with a more vibrant stock exchange... and you wont be having your job in SG.

Nice way to pump yourself. But the fact of the matter is, most will still get fired in the private sector for under performance. The MAS badge wont last for long once the company realities you cant handle the hours and can't perform.

You proved my point by saying the CEO will get fired before the MAS AD. All well and good when you are in MAS. You won't command the authority you did as a MAS regulator when you are in the private sector. Try ordering the CEO or trader around while working in the private sector and see what happens.

Originally Posted by Unregistered

Not the same person but same situation for me. CMG

you got 2+++ ? i not same person as previous post. i got 1.5

Originally Posted by Unregistered

Already had great increment this April about 1k++ without promotoin.
heresay because alot ppl had left , thus they faster increase everyone pay this Apr.

wow. 1k++ is a lot. Envy.
heard people got double digit % increment. i only got single digit. sigh.

Originally Posted by Unregistered

wow. 1k++ is a lot. Envy.
heard people got double digit % increment. i only got single digit. sigh.

its based on performance and grade so ya

i got 3 months+ and 30%+. Dont give up if you get only 1.5 months, either you work hard to get out or get up. Get out seem easier to achieve. Good job everyone.

Originally Posted by Unregistered

i got 3 months+ and 30%+. Dont give up if you get only 1.5 months, either you work hard to get out or get up. Get out seem easier to achieve. Good job everyone.

good job! Share why u got 30 percent pls.