Showing 5563 Documents for "MAS"
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- Please refer to MAS’ media release ‘MAS Sets Up International Advisory Panel for Cyber Security’ at: /news/media-releases/2017/mas-sets-up-international-advisory-panel-for-cyber-security 2 Bug bounty programmes are initiated by organisations to reward individuals for discovering and reporting vulnerabilities
- Singapore, 2 October 2018…The Cyber Security Advisory Panel (CSAP) 1 of the Monetary Authority of Singapore (MAS) provided insights and suggestions on how Singapore’s financial sector can harness the benefits of new technologies while remaining cyber resilient.
- At its second annual meeting chaired by Mr Ravi Menon, Managing Director, MAS, the international panel also provided advice on MAS’ own cyber resilience strategies. 2 CSAP members shared their views on the growing adoption of new technologies, emerging user authentication methods for online financial
- MAS
- Media Releases
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- MAS will provide guidance on the content of the risk warning disclosure statement.
- MAS will also classify an ILP sub-fund as an EIP if it satisfies the same requirements.
- Singapore, 9 May 2012… The Monetary Authority of Singapore (MAS) announced that it will refine the prescribed list of Excluded Investment Products (EIPs) to include EIP-equivalent investment products listed on foreign exchanges, certain Collective Investment Schemes (CIS) and sub-funds of investment-linked
- MAS
- Media Releases
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- Singapore, 19 January 2022… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are introducing a set of additional measures to bolster the security of digital banking, in view of the recent spate of SMS-phishing scams targeting bank customers. 2.
- Mr Ravi Menon, Managing Director, MAS said, “MAS is deeply concerned about the recent spate of scams and the financial losses suffered by victims. The threat of scams will not go away, but we can reduce our vulnerabilities. This requires a multi-pronged response across the ecosystem.
- Banks will continue to work closely with MAS, the Singapore Police Force, and the Infocomm Media Development Authority (IMDA) to deal with this scourge of scams.
- MAS
- Speeches
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- MAS is currently reviewing the feedback from the private sector and will also be looking at updating the MAS Notice on AML/CFT for licensed trust companies.
- Following the revisions to the MAS Notice on AML/CFT, issued on 2 December 2009, MAS conducted a thematic inspection of licensed trust companies to assess their compliance with the revised Notice on AML/CFT. In June last year, the MAS issued a circular on our inspection findings.
- Besides the current framework we have put in place for the regulation of trust companies, MAS also regularly reviews our AML/CFT regime. We issued in July 2014 a public consultation on proposed amendments to the MAS Notice on AML/CFT for Financial Institutions.
- MAS
- Speeches
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- Earlier today, MAS released a second consultation paper and specifications for a Quantitative Impact Study (“QIS”). This was the culmination of many months of hard work and deliberation by the MAS team, guided by the aim of calibrating a framework that is both prudent and reasonable.
- To enhance Singapore’s capabilities in mitigating the region’s cyber risks, MAS is working with the industry to create a ‘test-bed’ for cyber risks.
- On motor insurance, GIA continues to work closely with MAS to further enhance consumer education. Now, let me conclude by circling back to my opening theme.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) announced today that eligible non-bank financial institutions (NFIs) will have direct access to the banking system’s retail payments infrastructure from February 2021.
- Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 Annex Quotes by Members of the Direct FAST Working Group Organisation Quote Citi Singapore DBS Deutsche Bank AG, Singapore Grab Financial Group We are pleased to
- In September 2018, MAS announced the policy decision to enable direct access to FAST and PayNow for NFIs such as major e-wallet providers.
- MAS
- Speeches
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- Following MAS’ feedback and engagement, these firms are beginning to cascade their culture and conduct efforts to the whole agency force. MAS has also observed that FA firms have different thresholds for dealing with misconduct.
- So is MAS. There are important lessons we can learn, especially in respect of the drivers of misconduct. Globally, there has been increasing attention on culture and conduct. Like many other regulators, MAS is intensifying our supervisory focus in this area.
- Closer to home, MAS’ inaugural Enforcement Report published in March 2019 showed that over 50% of the financial services misconduct cases under investigation as at 31 December 2018 involved mis-selling.
- MAS
- Media Releases
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- Thank you to MAS and PwC.
- 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, 14 November 2018… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival . 2 This year’s winning solutions have a
- MAS
- Forms and Templates
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- MAS Notice 1120 under the Banking (Amendment) Act 2020 MAS Notice 641 under the Banking Act (Cap. 19) MAS Notice PSN03 under the Payment Services Act 2019 (Act 2 of 2019) Section (A) Items 1 to 3 Section (A) Items 1 to 3 Particulars: Date and Time of Notification to MAS Full Name of Institution Name
- Subsequent update(s) to MAS (updates to be provided as and when there are changes in the current situation, or as requested by MAS) Submit any updates to Section (A) For CII institutions: Submit any updates to the National Cyber Security Incident Reporting Form For all other FIs: Submit any updates
- Template for financial institutions to report incidents to MAS, including incidents relating to IT systems, cyber security, information loss and liquidity.
- MAS
- Media Releases
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- MAS and help the organisation build deeper capabilities in this multi-faceted area.
- Dr McBain will set the agenda for MAS’ Green Finance Steering Committee chaired by Mr Ravi Menon, Managing Director, MAS. 5 Mr Menon said, “The formation of the Sustainability Group reflects MAS’ commitment to embed climate change and environmental sustainability across its roles as a financial regulator
- The Monetary Authority of Singapore (MAS) today announced the formation of a new Sustainability Group and the appointment of Dr Darian McBain as Chief Sustainability Officer, with effect from 1 October 2021. 2 The new Sustainability Group helmed by Dr McBain will steer sustainability efforts across