Showing 4089 Documents for "payment services"
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- MAS
- Monographs/Information Papers
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- The Emergency Liquidity Assistance monograph aims to provide information to financial institutions on an ex-ante basis to support planning for liquidity stress and crisis management. 0 Emergency Liquidity Assistance in Singapore EMERGENCY LIQUIDITY ASSISTANCE IN SINGAPORE Monetary Authority of Singapore JUNE 2019 -------- EMERGENCY LIQUIDITY ASSISTANCE IN SINGAPORE Contents Introduction ............................................................................................
- MAS
- Guidelines
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- Guidelines for valuation of general insurance policy liabilities, and for preparing an actuarial investigation report for general insurance business. These guidelines apply to all direct insurers licensed to carry on general business (except captive insurers and marine mutual insurers) and any actuary approved by MAS to conduct an investigation into an insurer’s liabilities in respect of general insurance policies. They set out guidance on: The valuation of general insurance policy liabilities. How
- MAS
- Media Releases
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- Singapore, 14 February 2020 … The Monetary Authority of Singapore (MAS) welcomes the recent announcements from banks and insurers in Singapore to support their customers who may be facing financial difficulties brought about by the impact of the ongoing 2019 novel coronavirus (COVID-19) outbreak. 2 The support announced by banks thus far include moratoriums on repayments for affected corporate and individual customers, extension of payment terms for trade finance facilities, and additional financing
- MAS
- Parliamentary Replies
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- QUESTIONS NO 25 NOTICE PAPER 6 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 4 September 2020 Name and Constituency of Member of Parliament Mr Saktiandi Supaat, MP, Bishan-Toa Payoh GRC Question : Q 25. To ask the Prime Minister (a) with the conclusion of Project Ubin, what are the steps towards live adoption of a blockchain-based multi-currency payments network prototype; and (b) how soon can a pilot launch in Singapore be expected. Answer by Mr Tharman Shanmugaratnam, Senior Minister
- MAS
- Media Releases
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- Singapore, 6 April 2018…The Monetary Authority of Singapore (MAS) has issued an advisory to remind financial institutions to remain vigilant, following recent reports of cyber incidents overseas where attackers attempted fraudulent fund transfers using the SWIFT system. 2 Mr Tan Yeow Seng, MAS’ Chief Cyber Security Officer, said, “The recent cyber incidents present yet another reminder of the constant cyber threats to our financial sector. It is important for all financial institutions to be vigilant
- MAS
- Letters to Editor
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- Dear Editor, We thank Mr Young Pak Nang and Mr Chwa Poh Kew for their letters (“How can customers be accountable for OTP fraud” and “Bank kept asking me to pay for OTP fraud transactions”, ST, 17 September 2021). As noted by Mr Young, consumers routinely provide their credit card details to merchants for online and point-of-sale payments. If these credit card details are compromised by a third party, such as the merchant’s database being breached, consumers will not be considered to have failed to
- PDPC
- Public Consultations
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- 5 October 2017 Personal Data Protection Commission 450 Alexandra Road #10-02 PSA Building Singapore 119963 Dear Sirs PUBLIC CONSULTATION FOR APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY The principal issue considered in this academic response is
- MAS
- Parliamentary Replies
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- QUESTION NO 1051 NOTICE PAPER 650 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 13 September 2021 Name and Constituency of Member of Parliament Mr Don Wee, MP, Chua Chu Kang GRC Question: To ask the Prime Minister whether MAS has any plan to increase measures for licensed payment institutions that issue credit/debit cards to Singaporeans younger than 16 years of age as there is a risk of children utilising the card details to shop for unsavoury items or subscribe to dubious websites.
- 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
- Financial Stability Reviews
Last revised date:
- payments.
- If foreign currency borrowing is not adequately hedged (naturally or otherwise) and local currencies were to depreciate sharply, foreign currency interest and principal repayment expenses in local currency terms would spike and weaken corporates' ability to meet debt servicing