Showing 4089 Documents for "payment services"
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- Mr A K Cher President, General Insurance Association of Singapore (GIA) To our guests from overseas, Distinguished guests, Ladies and Gentlemen, A very good evening to all of you. Thank you very much for inviting me to join all of you to celebrate GIA’s golden jubilee – your 50th anniversary. GIA’s Role in a Progressive General Insurance Industry 2 You all know GIA was formed one year after Singapore’s independence. You are one year younger than Singapore, but it’s about the same time, so you have
- MAS
- Speeches
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- Professor Laura Starks – President, Society for Financial Studies Professor Ron Masulis – Program Chair Professor Jun-Koo Kang – Associate Chair, Nanyang Technological University Professor Bernard Yeung – Dean and Stephen Riady Distinguished Professor, National University of Singapore, President, Asian Bureau of Financial & Economic Research Professor Massimo Massa – The Rothschild Chaired Professor of Banking, INSEAD Associate Professor Johan Sulaeman – Dean’s Chair, Department of Finance, NUS Business
- MAS
- Speeches
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- Mr Raymond Ng, Congress Chairman, Mr Vincent Ee, AFA President, Distinguished guests, ladies and gentlemen, A very good morning. Introduction Thank you for inviting me to speak at your 16th Annual Conference. It is encouraging to see so many of you here this morning. 2 We have come a long way since the introduction of the Financial Advisers Act, or FAA, in 2002. MAS now regulates more than 500 financial institutions and over 38,000 representatives under the FAA. Financial advisory (FA) firms
- MAS
- Guidance
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- Sets out MAS' recommendations to inspected banks and supervisory expectations of sound practices for effective transaction monitoring. MAS conducted a series of thematic AML/CFT inspections that examined the effectiveness of banks’ transaction monitoring (“TM”) frameworks and processes. This guidance paper reiterates the key recommendations by MAS to the inspected banks, setting out our supervisory expectations of sound practices for the effective conduct of TM. Additional context can be found in
- MAS
- Parliamentary Replies
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- Question No. 45 and 46 Notice Paper No. 150 of 2005 For Written Reply Name and Constituency of Member of Parliament Q45 and Q46 - Assoc Prof Ong Soh Khim _____________________________________________________________________________ Question Q45: To ask the Senior Minister (a) what is Singapore's ratio of consumer debt and household debt as compared to countries such as United Kingdom, United States, Hong Kong and Japan; (b) what is the percentage of Singaporeans who are repaying at least one form
- MAS
- Enforcement Actions
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- Singapore, 28 July 2020 … The Monetary Authority of Singapore (MAS) revoked the Capital Markets Services (CMS) licence of Apical Asset Management Pte. Ltd. (AAMPL) on 28 July 2020, for serious breaches of MAS’ Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) requirements. MAS has also reprimanded AAMPL’s CEO and Director Yeh Yin Yee and Director Bernard Kan Cheok Yin for failing to discharge their duties and functions of ensuring that AAMPL complies with all laws and rules governing
- MAS
- Media Releases
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- Singapore, 9 December 2013...Over the next three days, a group of 24 officials from the central banks of Cambodia, Lao PDR, Myanmar and Viet Nam (CLMV) will be visiting the Monetary Authority of Singapore (MAS) to share experiences in financial supervision and regulation. 2 The visit is part of a two-year capacity building programme on banking supervision, monetary policy management, macro-prudential surveillance, and payments and settlements systems. The programme is supported by Temasek Foundation
- MAS
- Speeches
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- His Excellency Mr Duan Jielong, China’s Ambassador to Singapore Mr Tian Guoli, Chairman, Bank of China Limited Distinguished guests, ladies and gentlemen Good morning. 1 It is a privilege and a pleasure for me to be here for this important event. Bank of China has a long history in Singapore. It was first established in 1936 as a branch in Cecil Street, and over the last 3-4 decades, it has played a significant role in Singapore’s economic development. 2 Today, Bank of China is the largest
- MAS
- Speeches
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- - 2nd Reading Speech - By Mr Lee Hsien Loong, DPM, Singapore and Chairman, MAS Date: 16 May 2001 INTRODUCTION 1 Mr Speaker, Sir, I beg to move, "That the Bill be now read a Second time." 2 In the past few years, the MAS has progressively changed the way it supervises the financial sector. Our objective of ensuring financial stability is unchanged. But in order to have a more dynamic and vibrant financial sector, we have shifted emphasis from regulation to supervision. We have moved away from
- MAS
- Speeches
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- Building One Financial World Keynote Address by DPM Lee Hsien Loong at ACI World Congress on 25 May 2001, Raffles City Convention Centre, Singapore Date: 25 May 2001 MANAGING FINANCIAL INTEGRATION: ASIA'S EXPERIENCE 1 The last 25 years has seen the emergence of an increasingly borderless, integrated financial world. The collapse of the Bretton Woods system set in train the deregulation of domestic financial markets and the removal of barriers to cross-border finance. Overall, the outcome has been