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    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 28 September 2015…The Monetary Authority of Singapore (MAS) announced today that it has accepted $413,161,000 in applications from 19,505 individuals for the first Singapore Savings Bond issue. All applicants will receive their application amount in full, subject to the limit of $50,000 per individual Individuals' applications in excess of the $50,000 issue limit were not accepted. The amounts arising from such excess applications will be refunded to their bank accounts by the end of 29
    • MAS
    • Consultations

    Last revised date:

    • Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Standards for Operational Risk Capital and Leverage Ratio Requirements for Singapore-incorporated Banks (803.7 KB) CONSULTATION PAPER P012-2020 December 2020 Draft Standards for Operational Risk Capital and Leverage Ratio Requirements for Singapore-incorporated Banks Monetary Authority Of Singapore 1 -------- CONSULTATION PAPER ON DRAFT STANDARDS FOR OPERATIONAL RISK CAPITAL AND LEVERAGE RATIO REQUIREMENTS FOR SINGAPORE-INCORPORATED
    • MAS
    • Media Releases

    Last revised date:

    •   1   The Minister for Education and Deputy Chairman, Monetary Authority of Singapore (MAS) today moved the Payment Systems (Oversight) Bill (the Bill) for first reading in Parliament.  The Bill will be read for a second time and discussed at the next available Parliamentary sitting. 2   MAS conducted public consultations on the proposed regulatory framework for payment systems and stored value facilities (SVF) in Singapore in April 2003, and the draft of the Bill in December 2004.  The feedback
    • MAS
    • Annual Reports

    Last revised date:

    • -------- -------- Contents Chairmans Message Board of Directors Management Team Board Committees Organisational Structure Our Work Staying Resilient, Sustaining Growth EMERGING FROM THE GLOBAL RECESSION G3 Exit the Steepest Post-war Recession Asia ex-Japan Leads the Global Recovery Financial Markets are Improving but Rising Inflationary Pressures in Faster-growing Vulnerabilities Remain Economies Singapore: A Year of Strong Recovery Upward Pressure on Consumer Prices and Wages MONETARY
    • MAS
    • Guidelines

    Last revised date:

    • Guidelines for direct life insurers on the requirements in MAS Notice 314 on Prevention of Money Laundering and Countering the Financing of Terrorism, in relation to their life policies. These guidelines apply to all direct life insurers in relation to their life policies. It provides insurers with guidance on the requirements in MAS Notice 314 on Prevention of Money Laundering and Countering the Financing of Terrorism. These guidelines should be read in conjunction with the Notice. 24 Apr 2015 Previous
    • MAS
    • Parliamentary Replies

    Last revised date:

    • Question No 429 Notice Paper No. 178 of 2003 For Oral Answer Date: For Parliament Sitting on 10 November 2003 Name and Constituency of Member of Parliament Q-429 Ms Irene Ng Phek Hoong, MP for Tampines GRC ___________________________________________________________________ Question: To ask the Deputy Prime Minister and Minister for Finance in view of the rising number of bankruptcies, whether (a) there are adequate checks on credit card companies, especially those which have expanded their customer
    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Feedback Received on Removing the DBU ACU Divide Implementation Issues (830.9 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Removing the DBU-ACU Divide - Implementation Issues (1.73 MB) RESPONSE TO FEEDBACK RECEIVED February 2017 Response to Feedback Received Removing the DBU-ACU Divide-Implementation Issues Monetary Authority Of Singapore 1 -------- RESPONSE TO FEEDBACK RECEIVED ON REMOVING THE DBU-ACU DIVIDE IMPLEMENTATION
    • MAS
    • Guidelines

    Last revised date:

    • Provides guidance on the risk mitigation measures for dealing in Over-the-Counter (OTC) derivatives that are not centrally cleared. These guidelines apply to banks, merchant banks and finance companies which deal in capital markets products that are OTC derivatives and not centrally cleared by a clearing house. They set out guidance on policies and procedures that the financial institution should put in place to govern the relationship with its counterparty in relation to: Trading relationship Trade
    • MAS
    • Speeches

    Last revised date:

    • 1.     Mr Speaker Sir, foreign manpower has become a hot topic. I join members before me to address the issue of foreign manpower. As a member of the Board of the Monetary Authority of Singapore (MAS), I will talk about the issue from the perspective of the financial services sector, the people who work in it, and the people who want to work in it. 2.     This is a key sector of the future economy, a very bright spot in a COVID-19 stricken economy. Through agility, hard work and good fortune, we
    • MAS
    • Speeches

    Last revised date:

    • Ms Susan Soh, Chairman of IMAS, Ms Maggie Ng, Head of ASEAN of Bloomberg, Distinguished Guests, Ladies and Gentlemen, 1     I am delighted to join you at the IMAS-Bloomberg Investment Conference 2019. 2     This is the 20th year that IMAS is holding its annual conference. The inaugural partnership with Bloomberg marks this significant milestone and further demonstrates the conference’s status as the leading buy-side event in Asia. 3     This year’s theme is ‘Reimagining Tomorrow’. Indeed, the global