Saktiandi Supaat on Monetary Authority of Singapore (Amendment) Bill
The specifications in the Monetary Authority of Singapore (Amendment) Bill clearly spell out the segregation of Reserves Management Government Securities (RMGS) from other Government securities and treasury bills. It is important to correct perceptions that the policy is about financing Government spending and fiscal deficits, said MP Saktiandi Supaat in Parliament on Tuesday (Jan 11). He also sought clarifications on the Bill. He wanted to know what optimal amount for Official Foreign Reserves would be needed to support the mandate of MAS. He asked if the threshold for RMGS would be expected to change over time. If so, what are the key variables that may shift the ratio. Mr Saktiandi also wanted to know what the limit and maturity period of RMGS bonds would be.
The specifications in the Monetary Authority of Singapore (Amendment) Bill clearly spell out the segregation of Reserves Management Government Securities (RMGS) from other Government securities and treasury bills. It is important to correct perceptions that the policy is about financing Government spending and fiscal deficits, said MP Saktiandi Supaat in Parliament on Tuesday (Jan 11). He also sought clarifications on the Bill. He wanted to know what optimal amount for Official Foreign Reserves would be needed to support the mandate of MAS. He asked if the threshold for RMGS would be expected to change over time. If so, what are the key variables that may shift the ratio. Mr Saktiandi also wanted to know what the limit and maturity period of RMGS bonds would be.
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