Showing 4089 Documents for "payment services"
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- MAS
- Media Releases
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- Singapore, 6 January 2021… The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring and customer marketing. Veritas, which is a part of Singapore’s National AI Strategy, aims to provide financial institutions with a verifiable way to incorporate the FEAT (Fairness, Ethics, Accountability and Transparency) principles into their AIDA solutions
- MAS
- Speeches
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- Speech by Dr Khor Hoe Ee, Assistant Managing Director (Economics), at the FOW Eight Asia-Pacific Derivatives Exhibition, Westin Hotel Date : 25 Sep 2001 1 INTRODUCTION 1.1 Good morning. I would like to share with you my views on derivatives markets from the perspective of a central banker in post-crisis Asia. 1.2 Recent years have seen phenomenal growth in global as well as regional financial derivatives markets. Prospects for derivatives in the Asian region have brightened considerably
- MAS
- Circulars
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- This Circular sets out industry good practices observed by MAS and supervisory guidance on the measures to mitigate risks associated with the use of non-face-to-face technologies for customer due diligence . FIs should read this Circular in conjunction with the relevant AML/CFT Notices and Guidelines in relation to CDD Measures for Non-Face-to-Face Business Relations, as well as MAS’ Circular of 8 January 2018 (AMLD 01/2018) on the use of Myinfo and CDD measures for NFTF business relations . 10
- MAS
- Speeches
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- Ladies and gentlemen, good morning. I am happy to join you at the SuperReturn Asia Conference — the first time the conference is being held fully in person since the start of COVID-19, and the first time here in Singapore. Uncertainty has become the dominant theme in investment today. Let me touch on four key uncertainties around the global economy: first, how severe will the economic downturn be next year? second, where is inflation headed in the medium term? third, how will geopolitical tensions
- MAS
- Speeches
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- Mr Hsieh Fu Hua, Chairman, NUS Board of Trustees, Professor Tan Eng Chye, President of NUS, Professor Sumit Agarwal and the team at SGFIN, Distinguished Guests, Ladies and Gentlemen, 1. I am very happy to join you this morning for the official opening of the Sustainable and Green Finance Institute or SGFIN. So let me start by congratulating and extending my best wishes to Sumit and the team as you embark on this very exciting journey ahead. And I also want to thank all our industry partners and stakeholders
- MAS
- Guidance
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- Sets out MAS’ supervisory expectations of sound AML/CFT practices for capital markets intermediaries (CMIs). The paper is based on inspections of CMIs, but the takeaways are applicable to other financial institutions, with the appropriate calibrations. MAS conducted a series of AML/CFT inspections that examined the effectiveness of the AML/CFT frameworks and controls of capital markets intermediaries “Capital markets intermediaries” used in the guidance paper includes capital markets services licensees
- MAS
- Speeches
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- Mr Ravi Menon, Chairman of IBF Council IBF Council Members IBF Award recipients Distinguished Guests, Ladies and Gentlemen, 1. This evening, we are here to recognise the contributions of IBF partners, and honour the achievements of our financial institutions and industry champions. 2. My heartiest congratulations to all award recipients. 3. The Finance sector is a major contributor to our economic growth and job creation in Singapore. 4. Local share of PMET jobs in the sector is healthy
- MAS
- Circulars
Last revised date:
ID 07/19 Issuance of Technical Specifications for RBC 2 Parallel Run for Year Ended 31 December 2018- Instructions for conducting RBC 2 parallel for YE2018. Resources RBC2 YE2018 Parallel Run Technical Specs Clean Copy (2.22 MB) MAS_RBC2 workbook YE2018 (570.9 KB) MAS_MA_YE2018 (125 KB) SGD and USD Spot Rates YE2018_Smith Wilson (164.9 KB) Questionnaire for YE2018 RBC2 Parallel Run (501.1 KB) Circular No. ID 07/19 6 May 2019 To Chief Executives All Insurers, with the exception of captives, Lloyds insurers and marine mutuals Dear Sir/Madam ISSUANCE OF TECHNICAL SPECIFICATIONS FOR RBC
- 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
- PDPC
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- BY EMAIL ONLY Members' Undertaking No. 61 1 April 2015 To: All Ordinary and Associate Members MU 61/15 - LIA CODE OF PRACTICE FOR LIFE INSURERS ON THE SINGAPORE PERSONAL DATA PROTECTION ACT (NO. 26 OF 2012) ACTION: 1. FOR ORDINARY MEMBERS ADOPTION ON BEST PRACTICE BASIS WITH IMMEDIATE EFFECT 2. FOR ASSOCIATE MEMBERS INFORMATION This Code of Practice (Code) sets out best practices for life insurers in Singapore, describing the manner in which