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- Chairman, ABS Council Members of ABS Ladies and gentlemen 1 It is good to be here tonight. The ABS Dinner is an excellent opportunity for the Singapore financial services community to get together, catch up and look ahead. State of the Singapore Financial Sector 2 2006 has been a good year for Singapore. The financial services sector has done particularly well. All in, financial services grew 9.2% in 2006, outperforming Singapore’s overall GDP growth of 7.9%. This momentum has carried into
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposed Regulatory Framework for Accident & Health Insurance Business (25.2 KB) Consultation Paper VIEW DOCUMENT Proposed Regulatory Framework for Accident & Health Insurance Business (266.8 KB) Response to Feedback on the Proposed Regulatory Framework for Accident & Health Insurance Business Jan 2004 1 BACKGROUND MAS published a consultation paper in October 2003 on the proposed regulatory framework for accident & health (A&H) insurance
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback_Legis Amendments to Enhance the Resolution Regime (1.16 MB) Consultation Paper VIEW DOCUMENT Proposed Legislative Amendments to Enhance the Resolution Regime for Financial Institutions in Singapore (2.25 MB) RESPONSE TO FEEDBACK RECEIVED 8 May 2017 Proposed Legislative Amendments to Enhance the Resolution Regime for Financial Institutions in Singapore Monetary Authority Of Singapore 1 -------- RESPONSE TO FEEDBACK RECEIVED ON PROPOSED LEGISLATIVE
- MAS
- External Publications
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- Guidance for banks, merchant banks and finance companies on AML/CFT controls in trade finance and correspondent banking. Monetary Authority of Singapore km GUIDANCE ON ANTI-MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM CONTROLS IN TRADE FINANCE AND CORRESPONDENT BANKING MAS Information Paper October 2015 -------- AML/CFT CONTROLS IN TRADE FINANCE AND CORRESPONDENT BANKING Table of Contents 1 2 INTRODUCTION ...................................................
- MAS
- Speeches
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- Mr Wee Ee Cheong, Chairman of ABS, Council Members of ABS, Colleagues from our financial community, Ladies and gentlemen 1 I am delighted to be here this evening. It is a meaningful tradition for the ABS to bring together the financial community every year. It is a time to celebrate, to look ahead, and to renew our partnerships. The Singapore Economy and Financial Services Sector 2 We have much to celebrate this year. Both our economy and our financial services sector showed impressive growth
- 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
- Speeches
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- Ms Angela Kelly, CEO, Lloyds Singapore Ladies and Gentlemen 1. Thank you for inviting me to join you today. Let me begin by congratulating the Cyber Risk Management Project or CyRiM, on the launch of this very important cyber scenario report. 2. It has been nearly 3 years since the launch of CyRiM in May 2016. Since then, the cyber risk landscape has evolved significantly. In an increasingly digitised world, cyber attacks are becoming an almost daily occurrence. Cyber attacks have also become
- MAS
- Media Releases
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- Singapore, 31 May 2023… The Monetary Authority of Singapore (MAS) and Google Cloud today signed a Memorandum of Understanding (MoU) to collaborate on generative artificial intelligence (AI) solutions that are grounded on responsible AI practices. The partnership will explore technology opportunities to advance the development and use of responsible generative AI applications within MAS, as well as cultivate technologists with deep AI skillsets. 2 The MoU provides a framework for cooperation in
- MAS
- Parliamentary Replies
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- QUESTION NO 3742 NOTICE PAPER 1494 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 November 2022 Name and Constituency of Member of Parliament Mr Melvin Yong Yik Chye, MP, Radin Mas SMC Question: To ask the Prime Minister (a) whether MAS has data on how prevalent is the use of Buy Now Pay Later (BNPL) services among those aged below 21 years old in the past three years; and (b) whether there have been cases thus far of such youths being unable to repay their debts incurred via BNPL services
- MAS
- Media Releases
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- Singapore, 11 January 2013 JOINT PRESS RELEASE 1 The Government announced today a comprehensive package of measures to cool the residential property market. It also introduced a Seller’s Stamp Duty on industrial properties for the first time, to discourage speculative activity in the industrial market. Cooling Measures for the Residential Property Market 2 The Government has implemented several rounds of measures to cool demand and expand supply, so as to moderate the increase in housing prices