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    • MAS
    • Economic Essays

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    • 70 Macroeconomic Review, October 2018 Special Feature A Shifts In Asias Demand And Production Structure: A Value- Added Approach Analysing Asian Demand Using A Value-Added Approach With a combined real GDP of US$14.2 trillion in 2016, emerging Asia1 is already one of the worlds largest economic regions.2 In the next decade or so, it is set to be the fastest-growing group of economies among the developing regions of the world. As a regional business
    • MAS
    • Media Releases

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    • Singapore, 7 August 2013... The Monetary Authority of Singapore (MAS) announced several changes to its senior management team, to take effect on 1 September 2013. 2   Ms Teo Swee Lian, Deputy Managing Director (Financial Supervision), will step down from her current role and be appointed Special Advisor in the Managing Director’s Office, where she will help MAS play a more active role in international regulatory work. 3   Ms Teo will be succeeded by Mr Ong Chong Tee, who will oversee the Banking
    • MAS
    • Speeches

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    • Mary Schapiro and colleagues from GFANZ Global, GFANZ APAC Advisory Board Members, ladies and gentlemen, thank you for coming for the inaugural GFANZ APAC Summit. We launched the GFANZ Asia Pacific Network a year ago, in recognition of the critical importance of this region to the global fight against climate change. Ms Yuki Yasui, Managing Director of the GFANZ APAC Network, will speak on the achievements of the Network shortly. Let me just say, on behalf of the Advisory Board, how proud we are
    • MAS
    • Parliamentary Replies

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    •   Question No. 373 Notice Paper No. 60 of 2010 For Oral Answer For Parliament Sitting on 26 April 2010 Name and Constituency of  Member of Parliament Mdm Ho Geok Choo, MP for West Coast GRC Question To ask the Senior Minister as the Singapore Dollar Nominal Effective Exchange Rate policy shifts from that of a zero percent appreciation to one of modest and gradual appreciation, will he provide an assessment on how this policy will benefit or impact us. Mr Lim Hng Kiang, Minister for Trade and Industry
    • MAS
    • Economic Essays

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    • This study was published as Special Feature B in the April 2008 Macroeconomic Review. Special Features 91 Special Feature B Rivalry and Prosperity by Paul Romer1 Picture your worst nightmare as a parent. Both your child and someone else's child are deathly ill. There is a bottle with enough medicine to save the life of just one child. You have worked all your adult life as a teacher. The other family made a fortune speculating in real estate
    • MAS
    • Economic Essays

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    • This study was published as Special Feature B in the October 2009 Macroeconomic Review. 62  Macroeconomic Review, October 2009           Special Feature B  Recessions and Recoveries in Asia:  Lessons from the Past  by Dmitriy Rozhkov1   Introduction    Asia entered a major downturn in late 2008.  Real GDP in  many Asian economies is set to decline sharply in 2009,  and  forecasters  expect  a  slow  recovery  in  the  period  ahead.  In this context, three key questions emerge: how  long and
    • MAS
    • Speeches

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    •  Mr Lester Gray, Chairman of IMAS, Distinguished guests, ladies and gentlemen, good morning. Forces Driving the Global Economic Outlook A Fragile Equilibrium 1. The world economy appears to have found a fragile equilibrium.  There are weaknesses in key economies balanced by pockets of growth elsewhere.  More notably, the worst fears of the last three months of 2011 have not materialised.  The last six weeks in particular have shown signs that the global economy has avoided imminent disaster. 2. 
    • MAS
    • Media Releases

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    • Singapore, 26 June 2023…The Monetary Authority of Singapore (MAS) announced today the release of an open-source toolkit to enable the responsible use of Artificial Intelligence (AI) in the financial industry. 2 The Veritas Toolkit version 2.0 Veritas Toolkit version 2.0 is available at https://github.com/veritas-toolkit/ , developed by an MAS-led consortium of 31 industry players, will help financial institutions (FIs) carry out the assessment methodologies for the Fairness, Ethics, Accountability
    • MAS
    • Speeches

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    • Mr Kenichi Watanabe, President and CEO of Nomura Holdings Distinguished guests, Ladies and Gentlemen, 1   I am very pleased to join you this morning at this year’s Nomura Asia Equity Forum, where Nomura has brought together some 1,600 delegates from the financial sector and other important industries. Introduction 2   I would not be exaggerating if I were to say that many things have happened since the Forum last year. Most notably, the severe pessimism associated with the global recession has given
    • MAS
    • Consultations

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    • This consultation paper seeks views on the introduction of a regulatory framework and secure digital platform for financial institutions to share risk information with each other to prevent money laundering, terrorism financing, and proliferation financing. Response VIEW DOCUMENT Response to Feedback Received on Consultation Paper for FIFI Information Sharing Platform for AMLCFT (368.6 KB) Annex B - Submissions from Respondents (600.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on the