Showing 4566 Documents for "economic issues"
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- MAS
- Media Releases
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- Singapore, 17 June 2021…The Monetary Authority of Singapore (MAS) announced today the further extension of the US$60 billion swap arrangement with the US Federal Reserve through 31 December 2021 MAS established the US$60 billion swap facility with the Federal Reserve on 19 March 2020 . On the back of this swap facility, MAS established the MAS USD Facility on 26 March 2020 to lend USD to banks in Singapore. On 30 July 2020 , both the swap facility and the MAS USD Facility were extended through 31
- MAS
- Enforcement Actions
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- Singapore, 14 April 2021... The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch (BJS) for its failures to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. The penalty amount took into consideration BJS’s remediation actions to address deficiencies that were identified by MAS. 2 Between March 2014 to September 2018, BJS committed serious breaches of MAS’
- MAS
- Media Releases
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- Singapore, 7 June 2020… The Monetary Authority of Singapore (MAS) said today that media reports suggesting that there were large flows of deposits from Hong Kong to Singapore were incorrect. While foreign currency deposits in Singapore have grown substantially since the beginning of this year, the order of magnitude is much less than cited in some media reports. The growth in foreign currency deposits has come from diverse sources and for varied reasons. 2 Total foreign currency non-bank deposits
- MAS
- Media Releases
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- Singapore, 6 July 2007...MAS has launched a Doctorate Scholarship Programme (DSP). The Programme aims to further develop specialised skills in areas such as financial risk management, financial engineering and economics to support the long-term growth of Singapore’s financial services sector. 2 The DSP is a fully-funded scholarship for candidates interested in careers as researchers in Singapore-based universities and research institutes, or who wish to enter the industry as highly skilled specialists
- MAS
- Media Releases
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- Singapore, 29 August 2016... The Monetary Authority of Singapore (MAS) today announced that Mr Ong Ye Kung, Acting Minister for Education (Higher Education and Skills) and Senior Minister of State, Ministry of Defence, will be appointed to its Board of Directors. Mr Ong’s term of appointment will be from 29 August 2016 to 31 May 2019. 2 Prior to his Cabinet appointments, Mr Ong held the position of Director of Group Strategy at Keppel Corporation, overseeing long term strategic planning of the
- MAS
- Media Releases
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- Singapore, 1 April 2016… The Monetary Authority of Singapore (MAS) and the National Research Foundation (NRF) announced today that a FinTech Office will be set up on 3 May 2016 to serve as a one-stop virtual entity for all FinTech matters and to promote Singapore as a FinTech hub. 2 The FinTech Office will be co-led by Mr Sopnendu Mohanty, Chief FinTech Officer, MAS, and Mr Steve Leonard, Chief Executive Officer, SG-Innovate, with representatives from The Economic Development Board, Infocomm Investments
- MAS
- Staff Papers
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- MAS Staff Paper No. 55, January 2017 - By Naohisa Hirakata, Yosuke Kido, and Jie Liang Thum Abstract This paper examines a sample of Japanese regional banks’ exposure to market risk factors and how it affects systemic risk through portfolio composition or revenue source, using Adrian and Brunnermeier’s (2016) CoVaR to proxy for systemic risk. We find evidence of “systemic as a herd” behaviour among Japanese regional banks, as portfolio and revenue components associated with market activities exert
- MAS
- Parliamentary Replies
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- Reply to PQ on Universal Processing Centers Date: For Parliament Sitting on 1 October 2002 Question To ask the Deputy Prime Minister and Minister for Finance (a) has the Government any plan to set up universal processing centers (UPCs), and if so, how does it intend to expedite this set-up; and (b) how can the Singapore UPCs be distinguished from the competition from Australia, China and India. Answer: Singapore has made significant headway in positioning itself as the regional IT and financial hub
- MAS
- Media Releases
Last revised date:
- Singapore, 18 February 2022... The Monetary Authority of Singapore (MAS) announced today that it will further extend the MAS SGD Facility for ESG Loans The Facility was established on 20 April 2020 . The Facility was extended twice on 12 October 2020 and 5 July 2021 , to complement ESG’s two extensions of the TBLP, the latest of which was from 1 October 2021 to 31 March 2022. (the Facility). This extension will complement the six-month extension of Enterprise Singapore’s (ESG) Temporary Bridging
- MAS
- Letters to Editor
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- 29 July 2013 The Editor TODAY Voices Dear Editor Mr Lim Soon Heng asks “Isn’t car debt more risky than property debt?”, (TODAY Voices, 25 July 2013). MAS does not think so. First, property loans are much larger; they make up more than 70% of household debt. Second, property loans are subject to the risk posed by an increase in interest rates. A majority of the property loans taken in recent years is on floating rate packages, unlike car loans which are on fixed rates. When interest rates rise,