As part of the Financial Markets Development Department (FMD), I work together with a team of dynamic, passionate officers to shape Singapore’s financial markets. There is never a boring day in FMD – our work is exciting, unpredictable and fast-paced. Our day-to-day job involves actively monitoring global and industry trends and developments, as well as formulating strategies to strengthen the competitiveness of Singapore’s financial markets. We also collaborate closely with the industry for opportunities to grow and position Singapore as a leading international financial center.

One key area of growth that my team is looking at is green finance. In simple terms, green finance seeks to encourage the adoption of environment-friendly activities, with a view to mitigate climate change. Given that climate change is a global existential threat, we need to ensure Singapore’s financial sector remains resilient to environmental-related risks. Beyond managing risks, Singapore can also play a role in mobilising green finance to serve the financing needs in Asia and beyond.

As a MAS officer, I have the exciting privilege to address these issues and drive efforts in “greening” Singapore’s financial sector. I strongly believe that finance can serve as a force for good, and continue to play a key role in the global efforts to mitigate climate change. Thus, it is imperative that we continually develop innovative strategies to ensure that Singapore’s financial sector is well poised to support and lead sustainable developments in the region through green finance.