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- MAS
- Parliamentary Replies
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- QUESTION NO 670 NOTICE PAPER 892 OF 2017 FOR WRITTEN ANSWER Date: For Parliament Sitting on 6 November 2017 Name and Constituency of Member of Parliament Mr Ong Teng Koon, MP, Marsiling-Yew Tee GRC Question: To ask the Prime Minister whether the Ministry will consider linking cashcards with the PayNow payment system in order to allow for seamless topping up of cashcards from mobile apps instead of via a physical top-up machine as cashcards are the only cards accepted across all payment platforms
- MAS
- Circulars
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- Informs financial institutions that cash rebates offered for housing loans are not permitted under MAS’ housing loan rules. Circular No. BD 14/2004 30 December 2004 Dear Sir/ Madam The Chief Executive Officers of All Banks/ Finance Companies/ Merchant Banks CASH REBATES OFFERED FOR HOUSING LOANS MAS is aware that financial institutions have been offering cash rebates to borrowers for housing loans. While cash rebates that were small relative to the
- MAS
- Media Releases
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- Singapore, 24 June 2021… The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), today announced an extension of the existing industry-wide support measures In October last year, the financial industry introduced the Extended Support Scheme (ESS) to help individuals and SMEs that continue to face cashflow difficulties due to the pandemic transition gradually to full loan repayments. The application
- MAS
- Media Releases
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- Singapore, 24 June 2021… The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), today announced an extension of the existing industry-wide support measures In October last year, the financial industry introduced the Extended Support Scheme (ESS) to help individuals and SMEs that continue to face cashflow difficulties due to the pandemic transition gradually to full loan repayments. The application
- MAS
- Consultations
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- This consultation paper sets out recommendations to enhance the DI Scheme and improve the overall operational efficacy of both the DI Scheme and the PPF Scheme, as well as the proposed legislative amendments to effect the proposed changes. Response VIEW DOCUMENT Response to Feedback Received on Proposed Enhancements to the Deposit Insurance Scheme and Legislative Amendments to the Deposit Insurance and Policy Owners' Protection Scheme (1.2 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on
- MAS
- Media Releases
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- Singapore, 16 April 2003. The Monetary Authority of Singapore (MAS) today released a Consultation Paper on the proposed Payment Systems Oversight Act and invites comments from the public. 2 Payment systems are critical to market and economic infrastructure, as they provide the means for transferring monetary values around the economy. Central banks around the world are closely involved in payment systems oversight, given their importance to financial stability, the successful implementation of
- MAS
- Staff Papers
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- MAS Staff Paper No. 33, August 2004 - By Jean Tay, Saktiandi Supaat, Shivani Tharmaratnam and Edward Robinson Executive Summary 1 This paper provides a historical overview of developments in Singapore's balance of payments over the years. We first analyse the trends in the current account balance using the saving-investment (S-I) and international trade perspectives. Then, we study the composition of the financial account, focusing on the nature and volatility of such flows. Finally, we
- MAS
- Media Releases
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- Singapore, 19 February 2014… The Monetary Authority of Singapore (MAS) said today that security measures in place for payment cards 1 in Singapore were robust by international standards but card customers should nonetheless take the necessary precautions when using their cards. MAS was responding to media queries about unauthorised online purchases made at a Taiwanese merchant, some of which were made using payment cards issued in Singapore. 2 MAS noted that there has been a rise in incidents
- MAS
- Consultations
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- This consultation paper seeks to: i. clarify and refine the tier structure requirements ii. consolidate and effect the tier structure requirements under the Financial Advisers Act (Cap. 110) iii. introduce restrictions on the direct payment of remuneration to, and acceptance of remuneration by, representatives and/or supervisors of other FA firms Consultation Paper VIEW DOCUMENT Consultation Paper on Proposals to Refine the Tier Structure Requirements and to Introduce New Requirements Relating
- MAS
- Notices
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- Requirements on information that life insurers have to submit to the web aggregator. This notice applies to all direct life insurers, except those that are classified as life insurers with defined market segments in MAS' Financial Institution Directory . It sets out: The products for which an insurer should submit the required information for the purposes of the web aggregator. When and how the insurer has to submit this information. Amendment Notes 29 Jun 2018 Notice 322 (Amendment) 2018 (322.5