Showing 5563 Documents for "MAS"
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- MAS
- Parliamentary Replies
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- We consider the substance of an asset when assessing whether a product or activity should come under MAS’ regulatory remit. MAS does not currently regulate NFTs given the nature of their underlying assets, such as the few examples earlier.
- This is also the stance taken by most other leading jurisdictions. 3 More fundamentally, with regard to digital tokens such as NFTs, MAS takes a tech-neutral stance and “looks through” to the underlying characteristics of the token to determine if it is to be regulated by MAS.
- The guidance also includes case studies of various digital token offerings which illustrate how the relevant laws administered by MAS may apply.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) clarified today that the offer or issue of digital tokens in Singapore will be regulated by MAS if the digital tokens constitute products regulated under the Securities and Futures Act (Cap. 289) (SFA).
- MAS is currently assessing how to regulate ML/TF risks associated with activities involving digital tokens that do not function solely as virtual currencies. 4 MAS’ position of not regulating virtual currencies is similar to that of most jurisdictions.
- MAS’ media release of 13 March 2014 had communicated that while virtual currencies per se were not regulated, intermediaries in virtual currencies would be regulated for ML/TF risks.
- MAS
- Media Releases
Last revised date:
- Monetary Authority of Singapore and Federal Reserve Swap Facility 2 The Federal Reserve and the MAS are establishing a swap facility that will provide U.S. dollar liquidity of up to US$30 billion.
- In addition, the MAS Standing Facility is available each day for all eligible MAS Electronic Payment System (MEPS+) participating banks to deposit or borrow Singapore dollar funds against Singapore Government Securities collateral. 5 MAS stands ready to take measures necessary to strengthen the orderly
- Today, the Federal Reserve, the Banco Central do Brasil, the Banco de Mexico, the Bank of Korea, and the Monetary Authority of Singapore (MAS) are announcing the establishment of temporary reciprocal currency arrangements (swap lines).
- MAS
- Speeches
Last revised date:
- made to other Acts under MAS’ purview as well as the Companies Act.
- officer without the prior consent of MAS in certain circumstances.
- 1 Mdm Speaker, I beg to move that the Bill be now read a second time. 2 Arising from the amendments to the Monetary Authority of Singapore Act (“MAS Act”) to extend the resolution regime for banks and insurance companies to certain other financial institutions, consequential amendments have to be
- MAS
- Media Releases
Last revised date:
- Singapore, 27 June 2023… The Monetary Authority of Singapore (MAS) today published a public consultation paper on proposals to increase deposit insurance (DI) coverage per depositor to S$100,000, and to improve the clarity and operational efficiency of the DI Scheme. 2 MAS is proposing to increase DI
- MAS invites interested parties to submit their comments on the proposals by 31 July 2023. **** Additional Information: Please refer to MAS’ response to Parliamentary Question on 8 May 2023 here .
- over time. 4 These proposals arise from MAS’ periodic reviews of the DI Scheme to ensure that it continues to fulfil its objectives.
- MAS
- Speeches
Last revised date:
- Hub-and-Spokes Partnership Within MAS, DAG works in partnership with the MAS departments, in what we like to call a “hub-and-spokes” model.
- Within MAS, part of DAG’s role is to develop data analytics training programmes for MAS staff, so that we will be well equipped to employ data science to enhance our work processes. We are mirroring these re-skilling and up-skilling efforts in the rest of the financial industry.
- It will oversee the governance and management of data at MAS. It will seek inputs from the financial industry to see how best we can enhance and streamline MAS’ data collection and management process, and put in place the necessary infrastructure and platforms to achieve this goal.
- MAS
- FAQs
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- on MAS policy and administration of the Securities and Futures Act and regulations.
- A1: Please refer to the User Guide, Returns Form Download, Submission and Post Validation - For CMS Licensees' submitting Revised SFA Returns (PDF), hosted on the MAS Returns Page on MASNET Portal. Figure 1. MAS Returns Page on MASNET Portal Q2.
- If an error is detected after the submission, a CMSL is required to immediately inform the MAS officer in charge of the company and provide the reason(s) for the error. Upon notification to the MAS officer, CMSLs are required to make the relevant changes via MASNET. Q8.
- MAS
- Monetary Policy Statements
Last revised date:
- MAS Core Inflation MAS Core Inflation excludes the costs of accommodation and private transport from CPI-All Items inflation. will remain elevated in the next few months but should progressively ease in H2 2023 and end the year significantly lower. Growth Backdrop and Outlook 4.
- While inflation is still elevated, MAS’ five successive monetary policy tightening moves since October 2021 have tempered the momentum of price increases. The effects of MAS’ monetary policy tightening are still working through the economy and should dampen inflation further. 14.
- MAS will remain vigilant over developments in the economy and financial markets, amid heightened uncertainty on both inflation and growth. *** Related: Past Monetary Policy Decisions
- MAS
- Notices
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- meaning of paragraph 8.1 of MAS Notice PS-N02. 6.
- AML/CFT and FATF have the same meaning as in paragraph 2.1 of MAS Notice PS- N02. 8. Politically exposed person, family member and close associate in paragraph 7(a) of Form D have the same meaning as in paragraph 8.1 of MAS Notice PS-N02. 9.
- In this paragraph, exempted product has the same meaning as in paragraph 2.1 of MAS Notice PS-N01. 8.
- MAS
- Financial Stability Reviews
Last revised date:
- Chart 4B3 Net lending by region Chart 4B4 Net lending to Emerging Asia by bank nationality Source: MAS Source: MAS The new MAS 610/1003 was implemented in July 2021 as part of changes to MAS regulatory reporting requirements.
- Chart 2A5 SME NPL ratio Source: MAS survey The new MAS Notice 610/1003 was implemented in July 2021 as part of changes to MAS regulatory reporting requirements.
- Conclusion and next steps MAS IWST 2022 climate scenario analysis exercise has served as an important learning experience for both MAS and the industry.