Showing 4089 Documents for "payment services"
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- MAS
- Consultations
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- Bank F Our Bank believes the intended function of the Chief Operating Officer or Head of Operations CMF should be clarified: a COO will not typically be the head of the operations function that performs payment services, settlements and clearing.
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament DPM's replies to parliamentary question: Real Time Gross Settlement System For Parliament Sitting on 20 Apr 98 Question: To ask the Deputy Prime Minister (a) what is the status of the Real Time Gross Settlement System at the Monetary Authority of Singapore; (b) what caused the delay in its implementation; and (c) whether its implementation will make the Singapore dollar less vulnerable to speculative attacks by hedge funds. Answer: (a) MAS is in the final stages of testing
- MAS
- Parliamentary Replies
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- QUESTION NO 344 NOTICE PAPER 195 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 January 2021 Name and Constituency of Member of Parliament Ms He Ting Ru, MP, Sengkang GRC Question: To ask the Prime Minister how many individuals have applied to temporarily reduce their residential, commercial and industrial property loan repayments under the MAS relief scheme. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. As of end-November 2020, financial
- MAS
- Letters to Editor
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- 19 October 2012 Forum Editor Straits Times Under the Currency Interchangeability Agreement (CIA) signed with Brunei in June 1967, each country undertakes to accept the currency issued by the other in their own country, at par. In other words, the two currencies are "customary tender" when circulating in the country in which they are not legal tender. All banks in Singapore are obliged to exchange Brunei currency notes and coins at par and without charge. Therefore, businesses and members of the
- MAS
- Explainers
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- Financial institutions cannot grant further unsecured credit to borrowers who are 60 days past due on any credit card or unsecured credit facility. Borrowers Who Are 60 Days Past Due If a borrower’s debt on a credit card or unsecured credit facility is 60 days past due: Financial institutions (FIs) cannot grant further unsecured credit to that borrower. Other FIs cannot increase that borrower’s credit limits, or issue them new credit cards or unsecured credit facilities. Note: The other FIs are not
- MAS
- Subsidiary Legislation
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- Sets out requirements applicable to authorised reinsurers such as the lodgement of reinsurance deposit, disclosure requirements and submission of annual returns. 30 Dec 2020 Insurance (Authorised Reinsurers) (Amendment) Regulations 2020 (53.2 KB) takes effect on 31 Dec 2020. INSURANCE ACT (CHAPTER 142) INSURANCE (AUTHORISED REINSURERS) (AMENDMENT) REGULATIONS 2020 In exercise of the powers conferred by section 64 of the Insurance Act, the Monetary Authority of Singapore makes the following
- SSO
- Legislation
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- Power to give directions 29. —(1) The Commission may, if it is satisfied that an organisation is not complying with any provision in Parts III to VI, give the organisation such directions as the Commission thinks fit in the circumstances to ensure compliance with that provision. (2) Without prejudice to the generality of subsection (1), the Commission may, if it thinks fit in the circumstances to ensure compliance with Parts III to VI, give the organisation all or any of the following directions
- MAS
- Speeches
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- Opening Address by Mr Lim Hng Kiang, Minister for Health and 2nd Minister for Finance, at the Annual Conference of the 25th Federation of ASEAN Economic Associations Introduction Distinguished guests, ladies and gentlemen, good morning. It is my pleasure to join you today for the 25th annual conference of the Federation of ASEAN Economic Associations. May I extend a warm welcome to all delegates from our ASEAN neighbours. Since its inception in 1976, the FAEA has served as a useful forum for the
- MAS
- Media Releases
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- Singapore, 6 September 2004...The Monetary Authority of Singapore (MAS) announced that banks must obtain a written declaration from a borrower on the amount of discount, rebate or benefit received for the purchase of a property when granting a housing loan. 2. The declaration should also include the amount of loans obtained by the borrower from other financial institutions or the seller for the purchase of the property. Buyers will have to disclose these amounts, including any private arrangements
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 666 NOTICE PAPER 258 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 16 February 2021 Name and Constituency of Member of Parliament Ms Foo Mee Har, MP, West Coast GRC Question: To ask the Prime Minister (a) what is the number of borrowers who applied for relief packages offered by financial institutions to overcome financial difficulties due to the COVID-19 pandemic; and (b) what is the number of borrowers expected to have problems transitioning back to full loan repayment.