Showing 4566 Documents for "economic issues"

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    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 28 June 2021… The Monetary Authority of Singapore (MAS) today announced the launch of a global challenge for retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge). Launched in partnership with the International Monetary Fund, World Bank, Asian Development Bank, United Nations Capital Development Fund, United Nations High Commission for Refugees, United Nations Development Programme, and the Organisation for Economic Co-operation and Development, the Global CBDC
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 1 June 2023… The Monetary Authority of Singapore (MAS) and Elevandi  today announced the theme of the Singapore FinTech Festival (SFF) 2023 – ‘Applications of Artificial Intelligence (AI) in Financial Services’ . SFF 2023 will focus on the growth and adoption of AI and how this technology can potentially be used in financial services. Organised by MAS and Elevandi A not-for-profit entity set up by the MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 24 May 2016…The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff. 2   In addition, MAS has referred to the Public Prosecutor the names of six members of BSI Bank’s senior management and staff to evaluate
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 24 May 2016…The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management oversight of the bank’s operations, and gross misconduct by some of the bank’s staff. 2   In addition, MAS has referred to the Public Prosecutor the names of six members of BSI Bank’s senior management and staff to evaluate
    • MAS
    • Circulars

    Last revised date:

    • Circular on Good Practices in Managing Customers' Credit Risks This circular sets out MAS’ expectations on financial institutions’ credit risk management for their customers’ trading activities. Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone 65 6225 5577 Facsimile 65 6229 9229 Circular No: CMI 04/2020 18 February 2020 To: All holders of a capital markets services licence to deal in capital markets products that are securities
    • MAS
    • External Publications

    Last revised date:

    • FATF’s guidance for implementing the risk-based approach for virtual assets and virtual asset service providers The Financial Action Task Force (FATF) published in June 2019 a “Guidance for a Risk-Based Approach for Virtual Assets and Virtual Asset Service Providers” (FATF Guidance) 1 . In October 2021, the FATF updated its 2019 Guidance as part of its ongoing monitoring of the virtual assets (VAs) and virtual assets service provider (VASP) sector, and to provide further clarification of the FATF
    • MAS
    • Speeches

    Last revised date:

    •  Mr Robert Zoellick, President, World Bank Distinguished guests Ladies and gentlemen Introduction 1   Good morning.  I am delighted to join you at this inaugural World Bank-Singapore Infrastructure Finance Summit.  To our overseas guests, a very warm welcome to Singapore. Creating New Sources of Growth 2   We meet at a time as the world is emerging from its deepest recession in six decades. Here in Asia, we stand at the forefront of the turnaround, our recovery supported by timely and decisive policy
    • MAS
    • Speeches

    Last revised date:

    • 1   Mr Deputy Speaker, I beg to move, “That the Bill be now read a second time”. 2   Over the years, MAS has consistently held our banks to stringent capital and liquidity standards. This approach has served us well, as Singapore’s banking system has remained resilient in the face of the global financial crisis of 2008. 3   Following the crisis, MAS has been actively involved in coordinated efforts among international regulators to strengthen capital and liquidity standards for banks, and to create
    • PDPC
    • Public Consultations

    Last revised date:

    • Public Consultation on the positions proposed for the Regulations & Guidelines to be made under the PDPA 1… Who we are This submission is from the Market Research Society Singapore (“MRSS”). MRSS (http://www.mrssingapore.org.sg/) was established in 2000 in response to the need for a body that would unite research practitioners toward common goals including the continued professionalism of the industry, cooperation among research organizations, upholding of the highest standards of
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 30 June 2021… The UK and Singapore announced the launch of a new Financial Partnership at the sixth UK-Singapore Financial Dialogue that was held virtually today. The Dialogue was chaired by Director General (Financial Services) of HM Treasury (HMT), Ms Katharine Braddick, and Deputy Managing Director (Markets and Development) of the Monetary Authority of Singapore (MAS), Mr Leong Sing Chiong. 2.      The Financial Partnership is supported by a new Memorandum of Understanding (MoU) which