- MAS will return a total of S$2.5 billion of its net profit to the Government, as stated in the Annual Report for Financial Year 2025/2026 released on July 28, 2026.
- The financial sector in Singapore experienced a healthy growth of 4.3% in 2025, despite a more uncertain global environment.
- MAS has established a task force to enhance cyber defences against AI and quantum computing risks, which was announced alongside the annual report.
- The task force will focus on improving financial institutions' expertise in using AI for cybersecurity and will include members from major banks and the Singapore Exchange.
- Quantum computing poses significant risks to the security of data and communications used by financial institutions, with experts estimating a five to ten year timeframe for when it could break existing encryption techniques.
- MAS plans to issue a set of supervisory expectations for quantum resilience later this year, aiming for financial institutions to achieve quantum resilience by the end of the decade.
The Monetary Authority of Singapore (MAS) reported a profit return of S$2.5 billion to the Government for the financial year 2025/2026, alongside a contribution of S$1.0 billion to the Consolidated Fund. This financial success comes amid a backdrop of 4.3% growth in the financial sector, despite global uncertainties.12
In response to emerging threats, MAS has launched a task force aimed at enhancing cybersecurity against AI-driven risks. This initiative, established with the Association of Banks in Singapore (ABS), focuses on improving financial institutions' expertise in AI applications for cybersecurity. The task force, known as the AI-driven Cyber and Technology Risk Taskforce (ACT), has been operational since May 2025.34
Additionally, MAS is addressing the potential risks posed by quantum computing, which experts estimate could compromise existing encryption techniques within the next five to ten years. MAS plans to issue supervisory expectations for quantum resilience, requiring financial institutions to develop strategies for migrating vulnerable assets to quantum-resilient solutions. “Our aim is for (financial institutions) to achieve quantum resilience before the end of this decade,” stated a MAS representative.56
As the financial landscape evolves, MAS emphasizes the importance of proactive measures to safeguard against these technological threats, ensuring the stability and security of Singapore's financial system.
“In 2025, the financial sector grew by 4.3%, maintaining momentum from previous years and adding 4,200 jobs annually for locals. MAS has also launched a task force to enhance cybersecurity against AI-driven threats, emphasizing the need for financial institutions to achieve quantum resilience by the end of the decade.”
