Showing 4566 Documents for "economic issues"
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- Singapore, 14 March 2018… The tripartite partners in the banking industry launched today an advisory on good human resource (HR) practices for banks as they gear up to create jobs and build skills for the future. The tripartite advisory sets out good practices in hiring, reskilling, redeployment and retrenchment, and encourages banks to equip their workforce with relevant skills and capabilities to meet the future needs of the industry. 2 Developed jointly by The Association of Banks in Singapore
- MAS
- Speeches
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- Introduction 1 Good morning, ladies and gentlemen. 2 Allow me to express my thanks to the organisers for inviting me to its first Asian Conference on Takaful. Takaful is a product that has been offered in Singapore for many years now. HSBC and NTUC Income were two of the pioneers in introducing Takaful product as early as 1995. 3 With the recent growth in Islamic finance internationally, we will likely see further developments in the Takaful industry. This 2-day conference is therefore a
- MAS
- Media Releases
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- Singapore, 15 September 2022… Mr Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025 today. The ITM 2025 lays out the growth strategies to further develop Singapore as a leading international financial centre in Asia – to connect global markets, support Asia’s development, and serve Singapore’s economy. 2. MAS projects the financial sector to grow by an average
- MAS
- Consultations
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- Consultation Paper VIEW DOCUMENT Draft Notice on Prevention of Money Laundering and Countering The Financing of Terrorism (152.3 KB) CONSULTATION PAPER P001 - 2005 January 2005 Draft Notice on Prevention of Money Laundering and Countering The Financing of Terrorism -------- PUBLIC CONSULTATION ON DRAFT REVISED MAS N OTICE 626 PREFACE JAN 2005 Money laundering is a concern of all of the worlds financial centres, including Singapore. Since 1991, Singapore has been a
- MAS
- Speeches
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- Mr Leas Bachatene, VP & Managing Director (Asia Pacific), Thomson Reuters Distinguished guests, ladies and gentlemen, good morning. Exactly five years ago, this month, Lehman Brothers collapsed and unleashed a financial crisis of unmatched scale and impact. The crisis exposed deep fault lines in the global financial system and spurred far-reaching financial regulatory reforms, aimed at building a more resilient financial industry that better serves the needs of the real economy. This morning, I will
- MAS
- Economic Essays
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- By the Economic Policy Group, Monetary Authority of Singapore This study was published as Special Feature A in the April 2020 Macroeconomic Review. Special Features 83 Special Feature A Asias Electronics Supply Chains and Global Trade Corridors 1 Introduction Over the past half century, Asia has grown into a global manufacturing powerhouse alongside the export-oriented industrialisation process adopted by many countries. The regions dominance in manufacturing
- MAS
- Speeches
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- "Financial Sector - Liberalisation and Growth" 1 In 1997, MAS launched a comprehensive review of Singapore's financial sector. The Asian crisis unfolded soon after, but we decided to press on. Over the next few years, we fundamentally changed our regulatory approach, from one-size-fits-all prescriptive regulation towards a more risk-focussed supervisory approach. We liberalised the industry, allowing freer competition, more play of market forces, and greater risk taking by institutions. We
- MAS
- Consultations
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- Response VIEW DOCUMENT Responses to Public Consultation on Related Party Transaction Requirements for Banks (250.8 KB) Consultation Paper VIEW DOCUMENT Consultation paper on related party transaction requirements for banks in Dec 2012 (350.8 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON RELATED PARTY TRANSACTION REQUIREMENTS FOR BANKS Introduction 1 1.1 On 26 December 2012, MAS issued a consultation paper on proposed requirements for banks transactions with related
- MAS
- Speeches
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- Speech by DPM Lee Hsien Loong at the 25th Anniversary Dinner of the Association of Banks in Singapore Date: 8 Jun 1998 INTRODUCTION 1 I am happy to celebrate with you ABS' 25 th anniversary. Your growth as an industry association has mirrored Singapore's emergence as an international financial centre. Over the last 25 years, total assets in the domestic banking units have grown on average by 15% per annum, faster than nominal GDP. The offshore banking sector has expanded even more spectacularly
- MAS
- FAQs
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- Guidance on the fair and balanced advertising and other advertising requirements. This set of FAQs are meant to provide guidance on the scope of “advertisements” and the fair and balanced advertising and other advertising requirements covered under the Securities and Futures (LCB) Regulations and the Financial Advisors Regulations. Monetary Authority of Singapore SECURITIES AND FUTURES ACT (SFA) AND FINANCIAL ADVISERS ACT (FAA) FREQUENTLY ASKED QUESTIONS (FAQs) ON FAIR AND BALANCED