Showing 5563 Documents for "MAS"
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- 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.
- MAS
- Circulars
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- Outlines MAS’ policy review of MAS Notice 816 in May 2004.
- MAS has therefore decided to rename the policy "Lending of S$ to Non-Resident Financial Institutions". A copy of the revised MAS Notice 816 and a list of frequently asked questions about the 3 Notice are enclosed.
- Following the last revision of the policy in March 2002, MAS has recently completed another review of the policy and refined it further.
- MAS
- Speeches
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- This is a collaborative effort with the International Association of Insurance Supervisors (IAIS) and many insurance regulators, including the Monetary Authority of Singapore (MAS).
- In this respect, the MAS is honoured to host the 6th IFSB Summit in Singapore from 5th – 8th May 2009.
- MAS contributes to the work of the IFSB though our participation in the IFSB Working Groups on Supervisory Review Process, Special Issues in Capital Adequacy, Solvency Requirements for Takaful Operators and the Taskforce on Islamic Money-Markets. 13 The MAS is also collaborating on the international
- MAS
- Notices
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- MAS Notice 654 30 January 2019 NOTICE TO BANKS MONETARY AUTHORITY OF SINGAPORE ACT, CAP. 186 RECOVERY AND RESOLUTION PLANNING INTRODUCTION I. 1.1 This Notice is issued pursuant to section 42 of the Monetary Authority of Singapore Act (Cap. 186) (MAS Act) and applies
- III. 2.2 The expressions used in this Notice shall, except where defined in this Notice or where the context otherwise requires, have the same meanings as in the MAS Act.
- This Notice applies to a bank to which a direction has been issued under section 43(1) of the MAS Act (“notified bank”). It sets out the requirements that a notified bank has to comply with in its recovery and resolution planning. Amendment Notes There are no amendment notes for this notice.
- MAS
- Monetary Policy Statements
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- MAS has assessed that, on balance, a further tightening of monetary policy is needed to help ensure that price pressures are dampened over the next few quarters. 16. MAS will therefore re-centre the mid-point of the S$NEER policy band up to its prevailing level.
- For 2022 as a whole, MAS Core Inflation will average around 4% and CPI-All Items inflation around 6%. In 2023, taking into account all factors including the GST increase, MAS Core Inflation should come in at 3.5–4.5% on average over the year, and CPI-All Items inflation at 5.5–6.5%.
- At the same time, MAS Core Inflation is expected to remain elevated over the next few quarters, with risks still tilted to the upside. 15.
- MAS
- FAQs
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- The list of LTRs and LFTRs can be found on the MAS Financial Institutions Directory. These FAQs are to aid implementation of the reporting obligations and elaborate on MAS intent for some of the requirements set out under the SF(RDC)R.
- of Derivatives Contracts) Regulations 2013 Form 1A is available on MAS website at this link.
- A1.2A: There is no requirement for an entity to validate with MAS its reliance on the exemption under Regulation 10A or 10C of the SF(RDC)R. However, if and when requested by MAS, the entity is required to demonstrate that it meets the criteria for the exemption.
- MAS
- Media Releases
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- About the Monetary Authority of Singapore The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.
- Singapore, 17 July 2019… The Monetary Authority of Singapore (MAS) and the Central Bank of Kenya (CBK) have inked a FinTech Cooperation Agreement to support digital infrastructure development in Kenya.
- The Festival is organised by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore and in collaboration with SingEx Holdings. Find out more at http://fintechfestival.sg .
- MAS
- Media Releases
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- MAS will regulate the bank or FHC, but it will not regulate the non-financial activities. MAS will determine the scope of activities which the bank or FHC will be permitted to undertake.
- MAS will therefore disallow the sharing of names and logos between the financial and non-financial entities.
- MAS will require this separation of ownership to be retained. The bank or FHC in the existing banking groups must continue to be listed on its own.
- MAS
- Media Releases
Last revised date:
- 1 The Minister for Education and Deputy Chairman of the Monetary Authority of Singapore (MAS) today moved the Deposit Insurance Bill ("DI Bill") for first reading in Parliament. The Bill will be read for a second time and discussed at the next available Parliamentary sitting.
- The DI fund will be invested in safe and liquid assets such as Singapore Government Securities, deposits with MAS and other assets approved by the Minister.
- BACKGROUND 2 MAS announced in June 2002 that it would introduce a deposit insurance scheme ("DI scheme") to provide an explicit but limited guarantee to insured depositors in the event of a failure of a bank or finance company.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) announced today two new initiatives as part of its on-going efforts to strengthen Singapore's capital markets. MAS is introducing a new risk?
- This means that it will also better serve MAS? regulatory objectives.
- They are expected to have a neutral impact on MAS' fee revenue. 14 MAS is also introducing application fees for both new and renewal licence applications designed to cover processing costs 1 . 15 Details of the new fee structure are enclosed in Annex 2 (15.4 KB) . *** 1 Licences issued under the