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- MAS
- Media Releases
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- Singapore, 1 April 2020... In response to media queries about the implications of the COVID-19 (Temporary Measures) Bill on the financial sector, the Monetary Authority of Singapore (MAS) said that the proposed Bill will provide needed temporary protection for SMEs while being carefully scoped to avoid impairing the interests of banks and Singapore’s role in international financial transactions. 2 The proposed Bill covers only SME loans with specific security located in Singapore, namely commercial
- MAS
- Speeches
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- 1 Distinguished guests, ladies and gentlemen – Good morning to you. It is my honour to join you today at the ABS Financial Crime Seminar. 2 I would like to first thank the ABS team for working tirelessly to put this meaningful event together yearly. For many of you, I believe this would likely not be the first ABS financial crime seminar that you are attending. I trust that the insights that you have gained from past seminars have led to positive changes to how you carry out your work. 2018
- MAS
- Speeches
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- Mayor Tang Liangzhi, distinguished guests, ladies and gentlemen, good morning. First, let me thank the Chongqing municipality for hosting this inaugural Singapore-China (Chongqing) Financial Summit. Your warm hospitality, efficient arrangements, and sumptuous dinner last evening have already gotten this Summit off to a very good start. This year, we are especially pleased to have with us guests not only from Singapore and Chongqing but also from ASEAN and China’s Western Region. This Summit marks
- MAS
- Speeches
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- Chairman, ABS Council Members of ABS Ladies and gentlemen 1 It is good to be here tonight. The ABS Dinner is an excellent opportunity for the Singapore financial services community to get together, catch up and look ahead. State of the Singapore Financial Sector 2 2006 has been a good year for Singapore. The financial services sector has done particularly well. All in, financial services grew 9.2% in 2006, outperforming Singapore’s overall GDP growth of 7.9%. This momentum has carried into
- MAS
- Speeches
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- Good afternoon, ladies and gentlemen, 1 It gives me great pleasure to have the opportunity to speak to such a distinguished group of central bankers and market practitioners from all across Asia. I would like to thank ACI for putting together this forum to serve as a platform for participants to gain insights into the opportunities and challenges within Asia, the world’s fastest growing region. To our overseas guests, a very warm welcome to Singapore and hope that you will enjoy your stay here
- MAS
- Speeches
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- Shanghai Municipal Financial Services Office Secretary-General Mr Yao Jiayong Distinguished Speakers Ladies and Gentlemen 1 Good morning. It gives me great pleasure to extend a warm welcome to all of you to the inaugural Singapore-Shanghai Financial Forum. 2 We are delighted to have the opportunity to co-organise this milestone event with the Shanghai Municipal Financial Services Office (Shanghai FSO). MAS and the Shanghai FSO have a longstanding relationship, regularly exchanging ideas to develop
- MAS
- Speeches
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- Mr Rodney Lim, IMAS Regulatory Committee Chairman, Ladies and gentlemen, 1 Good afternoon, and happy lunar new year to all of you. Thank you for having me at this year’s IMAS’ Regulatory Forum again. I am very happy to be here for the second year. 2 2016 has been an eventful year. The effects of the geopolitical and economic events that we witnessed last year will continue to be felt through 2017. As the developments unfold, we will have to continue to keep a close watch on issues that will impact
- MAS
- Speeches
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- Ambassador David Adelman, US Ambassador to Singapore Lito Camacho, Vice Chairman Asia Pacific and Country CEO, Singapore Francesco de Ferrari, Head of Private Banking, Asia Pacific Distinguished guests Ladies and gentlemen Good morning. It is my pleasure to join you at Credit Suisse’s first Global Megatrends Conference. It is fitting to hold this conference in Singapore. As a small, open economy in the heart of Asia, we have always been acutely conscious of global trends and developments. Our attitude
- PDPC
- Commission's Decisions
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- Directions, including a financial penalty of $10,000, were imposed on SAFRA for failing to put in place reasonable security arrangements to protect the personal data of the members of its Shooting Club. SAFRA was also directed to review its internal processes to put in place process safeguards and written internal standard operating procedures to protect the personal data of its members. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 45 Case No DP-1809-B2711
- PDPC
- Commission's Decisions
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- A warning was issued to MCST 3400 for failing to put in place reasonable security arrangements to prevent the unauthorised access of 562 individuals’ personal data stored in an internal directory. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2020] SGPDPC 10 Case No. DP-1909-B4797 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Management Corporation Strata Title Plan No. 3400 Organisation DECISION -------