Showing 5563 Documents for "MAS"
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- MAS
- Media Releases
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- MAS considers this appropriate given their access to the retail market. 3 MAS has received feedback that there is some commercial interest to incorporate wholesale bank subsidiaries in Singapore.
- Singapore, 7 November 2007…The Monetary Authority of Singapore (MAS) has released a consultation paper on the proposed minimum paid-up capital requirement for locally incorporated wholesale banks. 2 Locally incorporated banks have tended to be Singapore-based, engaging in a full range of banking
- They are also expected to comply with all regulatory requirements for locally incorporated banks under the Banking Act. 5 Interested parties should forward their comments on the proposals in the consultation paper to MAS by 7 December 2007. The consultation paper is available on the MAS website.
- MAS
- Parliamentary Replies
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- These are financial activities that falls under MAS’ regulatory ambit. Hence, on 1 August 2017, MAS clarified that if a token is structured in the form of securities, the ICO must comply with existing securities laws aimed at safeguarding investors’ interest.
- MAS does not and cannot regulate all products that people put their money in thinking that they will appreciate in value.
- MAS is working on a new payment services regulatory framework that will address these risks. 6. A second example is fund-raising.
- MAS
- Media Releases
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- Details are set out in MAS’ response to the industry feedback .
- Singapore, 24 April 2015...The Monetary Authority of Singapore (MAS) today issued revised Notices to financial institutions (FIs) on anti-money laundering (AML) and countering the financing of terrorism (CFT). 2 The revisions are benchmarked against international best practices and the latest recommendations
- MAS has also updated the Guidelines to the AML/CFT Notices to provide additional supervisory guidance. 5 Mr Ong Chong Tee, Deputy Managing Director, MAS, said, “Singapore is committed to the global effort to combat transnational crime. The financial sector is an important stakeholder.
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Building a strong pipeline of local talent is a key priority for the Monetary Authority of Singapore (MAS), and critical to our desire to develop a world class workforce for the financial services sector.
- MAS, IBF, and the financial industry are working together to prepare our workforce with the skills for these jobs.
- For example, in the equities market, NTUC, e2i, MAS, IBF, and the Society of Remisiers, have organised workshops for remisiers on future skills, jobs in demand, and career profiling assessments.
- MAS
- Media Releases
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- Singapore, 8 December 2020… The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have commenced discussions to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana.
- Proxtera, a new private entity supported by MAS and IMDA, will help to operationalise BSB and the FTC.
- MAS and BOG will also work on a complementary Financial Trust Corridor (FTC) initiative to engender greater trust, trade and recognition between both countries’ businesses and financial institutions.
- MAS
- Macroeconomic Reviews
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- 1 MAS has maintained a neutral policy stance in 2002.
- Authority of Singapore Monetary Authority of Singapore
- The others segment comprises all other financial institutions, including MAS, CPF and merchant banks.
- MAS
- Consultations
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- MAS Response 3.2.2 MAS agrees with industrys feedback.
- MAS Response 9.1.2 MAS agrees and has amended the Guidelines.
- MAS Response 4.2 MAS agrees and has removed the above requirement to achieve consistency with the other Notices.
- MAS
- Guidelines
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- Authority of Singapore (MAS) pursuant to section 321(1)(c) of the SFA.
- consultation papers5 on the Common Investor, it is MAS view that the interpretation of the Common Investor by the Court does not comport with market realities.
- Section 216 of the SFA 3.12 MAS recognises that different classes of Common Investors may react differently to the same piece of information, depending on their level of knowledge and ability.
- MAS
- Media Releases
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- MAS is grateful to Mr Wong for his active and substantive contributions on the Board over the last seven years. 3 The members of the MAS Board of Directors are listed in the Annex. 1 Mr Lucien Wong was appointed to the MAS Board of Directors on 1 January 2006. *** Annex Board of Directors of the Monetary
- The Monetary Authority of Singapore (MAS) announced that Mr Quek See Tiat will be appointed to its Board of Directors. Mr Quek’s term of appointment will be from 1 March 2013 to 31 May 2015.
- He was formerly the Deputy Chairman of PricewaterhouseCoopers Singapore. 2 Mr Lucien Wong 1 , Chairman and Senior Partner, Allen & Gledhill, will step down from the MAS Board of Directors on 28 February 2013.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today released a consultation paper on legislation to introduce a regulatory framework for financial benchmarks.
- Administrators and submitters of financial benchmarks designated by MAS will be subject to regulation, including licensing requirements. MAS will designate key financial benchmarks, based on their systemic importance and susceptibility to manipulation.
- For now, MAS intends to designate the Singapore Interbank Offered Rates (SIBOR) and Swap Offered Rates (SOR) as key benchmarks. 4 Mr Lee Boon Ngiap, Assistant Managing Director, MAS said, “Financial benchmarks play an important role in the functioning of the financial system.