The Banker, the UK-based magazine, has named the managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, as the best central bank governor in Asia-Pacific for 2018 by UK-based magazine, The Banker.
This annual award administered by The Banker, a publication under The Financial Times Group, is based on a selection process involving a survey of bankers and economists.
Finance Minister Heng Swee Keat was also given this award in 2011 when he was then MAS’s managing director. Over the last three years, the award went to the central bankers of Vietnam, India and Bangladesh.
The Banker magazine said in an article pertaining to the award to Mr Menon: “The Monetary Authority of Singapore (MAS), the country’s central bank, stands out for its cutting-edge regulatory approach to fintech while maintaining macroeconomic stability. These are the key reasons for selecting Ravi Menon, managing director of MAS, as the Central Bank Governor of the Year for Asia-Pacific.”