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- Singapore, 15 February 2005...The Monetary Authority of Singapore (MAS) announced that Deputy Managing Director Mr John Palmer will leave MAS at the end February 2005 on completion of his contract. Thereafter he will play an advisory role to MAS on a part-time basis.
- Mr Koh Yong Guan, Managing Director, MAS, said, "As a senior member of the MAS management team, John's sound judgement and advice on a variety of issues have been greatly valued. We thank John for his significant contributions to MAS."
- In his three years here, Mr Palmer oversaw MAS' continuing transition from prescriptive regulation to risk-based supervision and helped intensify MAS' commitment to ongoing professional development.
- MAS
- Media Releases
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- Beijing, 28 May 2013...The Monetary Authority of Singapore (MAS) today officially opened its Beijing Representative Office.
- In her career with MAS, Ms Tay has covered various aspects of MAS’ operations, which include insurance supervision, banking policies, human resource and strategic planning. This is MAS’ third overseas representative office, in addition to its offices in London and New York. ***
- The event was attended by more than 100 guests including the Vice Chairmen of CBRC, CSRC and CIRC, heads of financial institutions and other senior representatives of MAS’ key partners in China. 4 The MAS Beijing Representative Office is headed by Chief Representative, Ms Tay Hwee Ling.
- MAS
- Media Releases
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- The MAS will closely monitor the progress made by banks in reducing foreign exchange settlement risk," Mr Ch'ng said, adding that the MAS had already been actively involved in both local and international industry developments in this area. 6 MAS' effort in tackling FXSR includes the introduction of
- "It is therefore essential that we have a proactive approach to understanding current local FXSR practices," said Mr Enoch Ch'ng, Senior Director of MAS' Market Infrastructure and Risk Advisory Department. 5 The survey was conducted as part of MAS' overall strategy to reduce FXSR in Singapore and is
- MAS is also working closely with the industry in preparation for Continuous Linked Settlement (CLS) 2 , a global clearing and settlement system that will significantly reduce settlement risk for foreign exchange trades. 7.
- MAS
- Enforcement Actions
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- Singapore, 1 November 2017…The Monetary Authority of Singapore (MAS) announced today that it has issued Prohibition Orders (POs) against Mr Ang Wee Keng Kelvin and Mr Lee Chee Waiy. MAS has also served notice of its intention to issue a PO against Mr Yeo Jiawei.
- Mr Ong Chong Tee, MAS Deputy Managing Director (Financial Supervision), said, “MAS expects professionals in the financial services industry to uphold high standards of integrity and proper conduct.
- Mr Kelvin Ang and Mr Lee Chee Waiy Further to its announcement on 30 May 2017, MAS has issued 6-year POs against Mr Ang and Mr Lee with effect from 30 October 2017.
- MAS
- Parliamentary Replies
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- Answer by Mr Lawrence Wong, Deputy Chairman of MAS and Minister for Finance, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 I thank A/P Jamus Lim for his interest and comments. 2 MAS has been among the central banks at the forefront of experiments with central
- MAS has embarked on Project Orchid to build the technical competencies necessary to issue a digital Singapore dollar, should we decide to do so in future.
- Innovative CBDC applications may also make them more attractive. 7 MAS therefore continues to build up its technological and institutional capabilities in the CBDC space.
- MAS
- Parliamentary Replies
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- MAS employs a variety of tools to do this.
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1. MAS promotes financial stability in Singapore through microprudential supervision of individual financial institutions, as well as conducting macroprudential surveillance of the financial system as a whole.
- MAS is committed to proactive surveillance and robust supervision to safeguard the stability of the financial system in Singapore.
- MAS
- Media Releases
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- About the Monetary Authority of Singapore As Singapore’s central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis.
- Singapore, 13 November 2018… The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS) today signed a Memorandum of Understanding (MOU) to foster innovation in financial services between the two countries. 2 The MOU will support the sharing of information on emerging Fintech trends
- Rasheed Al Maraj, Governor of the CBB, said, "This MOU represents our ongoing cooperation with the Monetary Authority of Singapore, and marks an important milestone in the mutual efforts undertaken by both authorities in enhancing our Fintech ecosystems.” 4 Mr Ravi Menon, Managing Director, MAS, said
- MAS
- Media Releases
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- Singapore, 1 November 2017…The Monetary Authority of Singapore (MAS) announced today that it has issued Prohibition Orders (POs) against Mr Ang Wee Keng Kelvin and Mr Lee Chee Waiy. MAS has also served notice of its intention to issue a PO against Mr Yeo Jiawei.
- Mr Ong Chong Tee, MAS Deputy Managing Director (Financial Supervision), said, “MAS expects professionals in the financial services industry to uphold high standards of integrity and proper conduct.
- Mr Kelvin Ang and Mr Lee Chee Waiy Further to its announcement on 30 May 2017, MAS has issued 6-year POs against Mr Ang and Mr Lee with effect from 30 October 2017.
- MAS
- Media Releases
Last revised date:
- Singapore, 14 February 2017… The Monetary Authority of Singapore (MAS) announced today regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs).
- MAS will phase in the above regulatory changes starting from this year. Liberalisation of shareholding policy 8. MAS will liberalise its existing policy of not allowing a foreign takeover of a finance company.
- MAS will retain other regulatory restrictions on finance companies, such as restrictions on foreign currency exposures and derivatives trading.
- MAS
- Media Releases
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- We hope that retail investors will avail themselves of these new investment options,” said Mr Ravi Menon, Managing Director, MAS. 7 The MAS consultation paper is available on the MAS website and comments should reach MAS by 30 September 2014.
- The Monetary Authority of Singapore (MAS) today released a consultation paper proposing changes to facilitate bond offerings to retail investors. In line with this, the Singapore Exchange (SGX) today released a consultation paper on a proposed bond seasoning framework.
- Currently, any offer of securities to retail investors must be accompanied by a prospectus registered by MAS 1 .