Showing 4566 Documents for "economic issues"
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- MAS
- Media Releases
Last revised date:
- Dubai, UAE, 29 August, 2018… The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed a FinTech Agreement that allows referrals of innovative businesses between the two authorities. The Agreement reflects the commitment of both authorities to support the continuous development of FinTech and innovation to deliver new and enhanced financial services to manage risks better, reduce costs, and increase efficiency. 2 The Agreement centres on a referral
- MAS
- Media Releases
Last revised date:
- Singapore, 16 November 2017… The Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) today signed a FinTech Co-operation Agreement (CA) to promote innovation in financial services in their respective markets. The BSP-MAS CA was signed at the sidelines of the 2nd Singapore FinTech Festival that is currently being held in Singapore from 13 to 17 November 2017. 2 The CA provides a framework for co-operation and collaboration between the two authorities relating to FinTech
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 16 March 2020 … The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $400,000 on TMF Trustees Singapore Limited (TTSL) for failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. These failures were identified following an inspection by MAS. TTSL has paid the composition penalty in full and taken prompt remedial actions. 2 MAS found that, between June 2011 to April 2018, TTSL had failed to comply
- MAS
- Speeches
Last revised date:
- Ladies and Gentlemen Lucas and I are very encouraged to see so many of you here today, investing time and effort to learn more about personal investing. I thank our Mediacorp artistes and our partners of MoneySENSE for your commitment to this event. 2 Singaporeans are like squirrels. We work hard, and save for the future. The squirrel puts the nuts it save in a safe place, but the nuts do not grow. 3 Our savings, however, can grow, if we invest it properly. How do we make our savings work
- MAS
- Media Releases
Last revised date:
- Singapore, 10 February 2014… The Monetary Authority of Singapore (MAS) has received feedback from borrowers who face challenges refinancing loans for owner-occupied properties which were bought before the introduction of the Total Debt Servicing Ratio (TDSR) rules . MAS has decided to broaden the existing exemption from the TDSR threshold of 60 per cent for such loans to ease the debt servicing burden of these borrowers. Refinancing of owner-occupied property loans 2 Under the revised rules, a
- MAS
- Parliamentary Replies
Last revised date:
- For Parliament Sitting on 10 March 2015 Name and Constituency of MP Ms Sylvia Lim, MP for Aljunied GRC Question: To discuss government efforts to promote nurturing of Singapore talent in the finance industry. Answer by Mr Lawrence Wong, Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 Singapore serves as a key financial hub for the region and is well placed to benefit from the continued growth and
- MAS
- Media Releases
Last revised date:
- NETS-DuitNow QR is now connected: Travellers can scan merchant QR codes to make payments between Singapore and Malaysia Person-to-person (P2P) fund transfers will be ready by year-end Singapore/Malaysia, 31 March 2023… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today launched a cross-border QR code payment linkage between Singapore and Malaysia. This payment linkage will allow customers of participating financial institutions Participants from Singapore are DBS Bank
- MAS
- Consultations
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- MAS’ responses to the feedback received on issues pertaining to temporary stays on termination rights, statutory bail-in regime, creditor compensation framework and resolution funding arrangements published on 26 October 2018 and 29 October 2021. Response VIEW DOCUMENT Response to Feedback Received on Proposed Regulations to Enhance the Resolution Regime (29 Oct 2021) (416.2 KB) Response to Feedback Received on Proposed Regulations to Enhance the Resolution Regime (26 Oct 2018) (970.1 KB) Consultation
- MAS
- Consultations
Last revised date:
- Proposed revisions to licensing and business conduct requirements to facilitate the provision of digital advisory services. The paper also sets out additional expectations on the governance and supervision of algorithms. Response VIEW DOCUMENT Response to Feedback on Consultation Paper on Provision of Digital Advisory Services (1.58 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on Provision of Digital Advisory Services (869.6 KB) RESPONSE TO FEEDBACK RECEIVED 8 October 2018 Response
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Consultation Feedback On Proposed Revisions to the Code of Corporate Governance (686.7 KB) Proposed Code of Corporate Governance (146.8 KB) Consultation Paper VIEW DOCUMENT Proposed Revisions to the Code of Corporate Governance (155.2 KB) CORPORATE GOVERNANCE COUNCIL RESPONSE TO CONSULTATION FEEDBACK ON PROPOSED REVISIONS TO THE CODE OF CORPORATE GOVERNANCE 22 NOVEMBER 2011 -------- Response to Consultation Feedback on Proposed Revisions to the