Showing 4566 Documents for "economic issues"
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- MAS
- Media Releases
Last revised date:
- Singapore, 29 July 2020… the Monetary Authority of Singapore (“MAS”) has called on locally-incorporated banks headquartered in Singapore (“Local Banks”) to cap their total dividends per share (“DPS”) for FY2020 at 60% of FY2019’s DPS, and offer shareholders the option of receiving the dividends to be paid for FY2020 in scrip in lieu of cash If a bank has already paid out interim dividends for 1Q2020, the dividend restrictions and the offering of dividends in scrip will be extended for an additional
- MAS
- Media Releases
Last revised date:
- Singapore, 26 April 2021… The Monetary Authority of Singapore (MAS) today launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. 2. The rapid growth of digital solutions has helped enhance the economic and social well-being of millions of people around the world. However, digital inclusion and inter-operability across solutions remain as challenges. The report notes that foundational digital
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received (929.9 KB) FinTech Regulatory Sandbox Guidelines (687.1 KB) Sandbox Application Template (46.1 KB) Sandbox Infographics (314.9 KB) FAQs on MAS FinTech Regulatory Sandbox (196.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on FinTech Regulatory Sandbox Guidelines (448.9 KB) RESPONSE TO FEEDBACK RECEIVED November 2016 Response to feedback received FinTech Regulatory Sandbox Guidelines Monetary Authority Of Singapore 1
- MAS
- Consultations
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- Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Public Disclosure Requirements for Regulatory Capital (2.82 MB) CONSULTATION PAPER P001-2022 March 2022 Draft Public Disclosure Requirements for Regulatory Capital for Singapore-incorporated Banks Monetary Authority Of Singapore 1 -------- CONSULTATION PAPER ON DRAFT PUBLIC DISCLOSURE REQUIREMENTS FOR REGULATORY CAPITAL
- MAS
- Media Releases
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- Singapore, 28 Sep 2004...Singapore's average daily foreign exchange (forex) turnover reached US$125 billion for April 2004. The Bank for International Settlement's (BIS) Triennial Survey of Forex and OTC (over-the-counter) Derivatives Market Activity showed forex turnover in Singapore at US$125 billion was some 24% higher than the previous survey figure of US$101 billion in 2001. Based on the BIS Survey, Singapore remains the fourth largest forex centre in the world and the second largest centre
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 19 March 2018 ... The Monetary Authority of Singapore (MAS) announced today that it has imposed penalties of S$5.2 million on Standard Chartered Bank, Singapore Branch (SCBS) and S$1.2 million on Standard Chartered Trust (Singapore) Limited (SCTS). The penalties were for breaches of MAS’ anti-money laundering and countering the financing of terrorism (AML/CFT) requirements. 1 These breaches occurred when trust accounts of SCBS’ customers were transferred from Standard Chartered Trust (
- MAS
- Letters to Editor
Last revised date:
- We thank the writers who discussed the recent property market measures. Some, like Dr Jeremy Teo (“Many benefits to property curbs”, 9 July), supported the moves. Others, including Mr Toh Cheng Seong (“Tackle property bubble with targeted measures”, 11 July) expressed concern over their necessity or timing. The cooling measures are not meant to send prices down, but to moderate the property market cycle. Experience here and abroad has shown that, left to itself, the property market tends to go through
- MAS
- Media Releases
Last revised date:
- Singapore, 14 November 2017 … The Monetary Authority of Singapore (MAS) today announced it has joined the Massachusetts Institute of Technology (MIT) Media Lab in Cambridge, Massachusetts. 2 This collaboration will also help to strengthen Singapore’s talent pool in the FinTech industry, by providing Singapore-based industry professionals and researchers with opportunities to work alongside MIT researchers. Financial institutions and FinTech players will be able to participate in pilots and experiments
- MAS
- Media Releases
Last revised date:
- Singapore, 19 March 2018 ... The Monetary Authority of Singapore (MAS) announced today that it has imposed penalties of S$5.2 million on Standard Chartered Bank, Singapore Branch (SCBS) and S$1.2 million on Standard Chartered Trust (Singapore) Limited (SCTS). The penalties were for breaches of MAS’ anti-money laundering and countering the financing of terrorism (AML/CFT) requirements. 1 These breaches occurred when trust accounts of SCBS’ customers were transferred from Standard Chartered Trust (
- MAS
- Letters to Editor
Last revised date:
- Dear Editor, Growing the Singaporean Core in our Financial Sector I thank Mr Raymond Koh for his thoughtful letter (“Workforce composition in banks needs to be examined”, 15 August). I have asked my team to reach out to him for further views and suggestions. Protecting and growing Singaporean jobs, especially in current economic conditions, is a top priority. The Monetary Authority of Singapore (MAS) established a $125 million package earlier this year to encourage financial institutions (FIs) to