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- MAS
- Macroeconomic Reviews
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- He visited EPD in November 2008 under MAS Eminent Visitor Programme. The views in this Special Feature are solely those of the author and should not be attributed to MAS.
- Monetary Authority of Singapore Economic Policy Department -------- Subscription Form Yes!
- Economic Policy Department Monetary Authority of Singapore 29 April 2009 Monetary Authority of Singapore Economic Policy Department -------- iv Macroeconomic Review, April 2009 14 April 2009 Monetary Policy Statement INTRODUCTION 1.
- MAS
- Parliamentary Replies
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- Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- Mr Don Wee and Mr Saktiandi Supaat had asked whether MAS will consider a review of the deposit insurance coverage limit.
- Prior to the recent events, MAS had just concluded its latest, regular review of the DI Scheme, including both the DI coverage limit and ways to ensure the operational efficacy of the DI Scheme. MAS aims to present these proposals for public consultation by the end of June. 6.
- MAS
- Media Releases
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- 1 The Minister for Education and Deputy Chairman of the Monetary Authority of Singapore (MAS) today moved the Money-Changing and Remittance Businesses (Amendment) Bill 2005 [MCRB(A)] for first reading in Parliament. 2 The Amendment Bill aims to fine-tune and better reflect MAS' supervisory approach
- MAS does not supervise remittance houses for their safety and soundness. MAS' supervision of remittance houses and money-changers focuses on anti-money laundering (AML) and countering of terrorist financing (CFT) purposes.
- direction issued to him or it by MAS; (ii) A new provision will be introduced to empower MAS to suspend a money-changer's licence and remittance licence, in lieu of revocation; and (iii) The circumstances under which a money-changer's licence and remittance licence will lapse or may be surrendered will
- MAS
- Media Releases
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- MAS requests that comments be submitted by 17 Nov 2003.
- Singapore, 16 October 2003...The Monetary Authority of Singapore (MAS) today issued a consultation paper on its proposal to implement authorisation and approval frameworks for the cross-border supply of certain types of insurance services to Singapore.
- Unlike registered insurers and insurance brokers under the Insurance Act, authorised reinsurers, approved insurers and insurance brokers are subject to limited oversight by the MAS as they do not have a physical presence in Singapore. 6 The consultation paper is posted on the MAS website, www.mas.gov.sg
- MAS
- Media Releases
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- MAS-ESS HOLDS ESSAY COMPETITION 01 February 2001. The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) are organising, for the first time, an MAS-ESS Essay Competition 2001.
- Winning essays will be published by both the MAS and ESS. The contest will run for five months beginning 01 February 2001. Participants interested in the MAS-ESS Economic Essay Competition can visit the MAS website or the ESS website for further details.
- Entry forms can be downloaded from the websites or picked-up from the security counter of the MAS building. The closing date for the submission of entries is 30 June 2001.
- MAS
- Media Releases
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- Singapore, 21 October 2010...MAS has issued its response to feedback on the proposals in the Consultation Paper on the Regulatory Regime for Listed and Unlisted Investment Products, which was published on 28 January 2010. 2 MAS received extensive feedback from consumers and
- MAS thanks all respondents for their supportive and useful feedback. 3 MAS' response addresses feedback on the following proposals: (i) Financial advisers to put in place formal policies and procedures on the sale of investment products; (ii) Intermediaries to conduct a Customer Knowledge Assessment
- MAS proposed imposing new requirements on intermediaries to formally assess a retail customer's investment knowledge or experience before selling investment products to the customer. The new requirements would apply for all investment products other than a list of products that MAS will prescribe.
- MAS
- Media Releases
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- Singapore, 3 October 2016… The Monetary Authority of Singapore (MAS) and the five local polytechnics 1 have agreed on a framework to review and enhance the polytechnics’ curricula in the next three years to prepare and equip their graduates with the skill sets necessary to take on the new FinTech-related
- MAS will also recommend mentors from various industry practitioners, including venture capitalists and incubators, to the students. Joint Projects with FinTech Community. MAS will facilitate introductions between final year students and potential partners for final year projects.
- MAS will work with the polytechnics to shape curriculum and engender greater alignment with the financial sector’s needs when it comes to financial technology developments. Internships.
- MAS
- Parliamentary Replies
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- These issues are being discussed at various international standard setting bodies where MAS actively participates. 5. MAS reiterates its warning: cryptocurrencies are highly risky and are not suitable for the retail public.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Since 2017, MAS has consistently warned that cryptocurrencies are not suitable investments for the retail public. Most cryptocurrencies are subject to sharp speculative price swings.
- All entities dealing in cryptocurrencies (termed digital payment token or DPT service providers) in Singapore are expected to comply with the MAS guidelines.
- MAS
- Media Releases
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- Singapore, 29 August 2019… The Monetary Authority of Singapore (MAS) announced today that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications.
- MAS will also consider the reputation, track record, financial strength and commitment of the applicant’s shareholders.
- This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS, that MAS will issue up to two digital full bank licences and three digital wholesale bank licences. 2 The new digital bank licences, which will be extended to non-bank players, will ensure
- MAS
- Notices
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- MAS 756 (16 Oct 1998) (83.6 KB) MAS Notice 756 (Cancellation) 2021 22 June 2021 NOTICE TO BANKS BANKING ACT, CAP 19 DEPOSIT AND LENDING RATES ___________________________________________________________________ 1.
- MAS Notice 756 on Deposit and Lending Rates dated 16 October 1998 (last revised on 13 June 2019) is cancelled with effect from 1 July 2021. 2. MAS 756 16 Oct 1998 NOTICE TO BANKS BANKING ACT, CAP 19 Circulars No.
- Amendment Notes 22 Jun 2021 MAS Notice 756 (Cancellation) (178.4 KB) takes effect from 1 Jul 2021. 16 Oct 1998 Circulars No. BM 9/75 dated 5 July 1975, BM 4/76 dated 21 July 1976, BM 3/78 dated 8 May 1978 and Notice to Banks MAS 620 dated 1 November 1983 are cancelled.