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- MAS
- Notices
Last revised date:
- Rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group. This notice applies to all locally-incorporated banks. It sets out: Limits on exposures of a locally-incorporated bank to a single counterparty group. Type of exposures to be included in or excluded from those limits. Basis for computation of exposures. Eligible credit risk mitigation techniques. Approach for aggregation of exposures. Amendment Notes 1 Jul 2021 MAS Notice 656 (Amendment) 2021 (376.9
- MAS
- Speeches
Last revised date:
- Mr A.K Cher, President of the General Insurance Association, Distinguished Guests, Ladies and Gentlemen, 1 A very good afternoon. It is my pleasure to join all of you again at your Annual General Meeting Luncheon. I would like to first congratulate Mr Cher on your re-election as President of GIA. I would also like to congratulate the other elected Management Committee members, and thank all of you for taking up the challenge to lead the industry over the next two years. 2 GIA ushers in its golden
- MAS
- Media Releases
Last revised date:
- Singapore, 2 May 2018…The Monetary Authority of Singapore (MAS) today announced that the third edition of the Singapore FinTech Festival will be held from 12 to 16 November 2018 in Singapore. 2. This year’s Festival will include two new elements. ASEAN FinTech Showcase – With Singapore’s Chairmanship of ASEAN in 2018, the Festival will highlight FinTech developments and opportunities in ASEAN and a showcase of innovative solutions from ASEAN countries. Artificial Intelligence in Finance Summit
- MAS
- Speeches
Last revised date:
- Life Insurance in the 21st Century Date: 16 Aug 1999 1 Thank you for inviting me to deliver the keynote address for the 19th Pacific Insurance Conference. It is an honour for Singapore to host this prestigious event. I World Wide Trends in Insurance 2 The financial services industry worldwide has been undergoing a dramatic transformation. Financial deregulation and rapid developments in IT are major driving forces. Demarcations between financial products are blurring. Traditional barriers
- MAS
- Speeches
Last revised date:
- Ravi Menon Managing Director, Monetary Authority of Singapore Keynote Address at Life Insurance Association 50th Anniversary Gala Dinner Raffles City Convention Centre 26 March 2012 LIA President, Mr Tan Hak Leh Distinguished guests, ladies and gentlemen, good evening. Role of Life Insurance and Financial Advisory Services Saving for the future, investing for returns, and protecting against risk – these are the fundamentals of managing our finances. Yet so few of us do it well. We are far better
- MAS
- Media Releases
Last revised date:
- Singapore, 2 June 2022… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today announced additional measures to further safeguard customers from digital banking scams. These measures complement those announced on 19 January 2022 . 2. In consultation with MAS and the Singapore Police Force (SPF), banks are progressively implementing the following additional measures, which will be in full effect by 31 October 2022: require additional customer confirmations
- PDPC
- Public Consultations
Last revised date:
- Feedback on PDPA consultation paper Name of person: Richard Neo In the capacity of an individual and consumer -------- Questions: Q1. What are your views on the impact of data portability, specifically on consumers, market and economy? Ans 1) The impact could be positive and negative. When it comes to positive impact, consumers could access readily available personal data to apply for things like mobile data plans and switch between service providers. This could enhance efficiency
- MAS
- Monographs/Information Papers
Last revised date:
- MAS and The Association of Banks in Singapore jointly issued a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs) amid the COVID-19 pandemic. The paper, “Risk Management and Operational Resilience in a Remote Working Environment” highlights possible risks to FIs in the areas of operations, technology and information security, fraud and staff misconduct, and legal and regulatory risks. It also examines the impact on people
- MAS
- Consultations
Last revised date:
- Proposed enhancements to the requirements for OTCD margined derivatives such as contracts for differences and leveraged foreign exchange contracts, offered to retail investors. Enhancements included higher margins and disclosures to investors. Response VIEW DOCUMENT Response to Feedback: Consultation on Review of Regulatory Framework for Unlisted Margined Derivatives Offered to Retail Investors (323.2 KB) Consultation Paper VIEW DOCUMENT Consultation Paper On Review of Regulatory Framework for Unlisted
- MAS
- Monographs/Information Papers
Last revised date:
- Presents MAS' observation of sound business continuity practices adopted and implemented by key financial institutions to mitigate the risks and impact of an avian influenza pandemic and security threats. MAS continues to emphasise the importance for financial institutions (“institutions”) to have in place robust business continuity frameworks and well-tested business continuity plans (“BCP”) to ensure the continuation of critical operations in the event of major operational disruptions. We expect