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- 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
- MAS
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- The Monetary Authority of Singapore (MAS) today issued a set of three consultation papers on its proposed Guidelines on Environmental Risk Management (Guidelines) for banks, insurers and asset managers.
- MAS is grateful to our industry partners for helping to co-create these Guidelines.” 4 The public consultation papers are available on MAS’ website: link (for banks and finance companies), link (for insurers) and link (for asset managers).
- This is part of MAS’ Green Finance Action Plan The three limbs of the Green Finance Action Plan are to build financial system resilience to environmental risk, develop green finance solutions and markets, and leverage innovation and technology.
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- I thank Mr Koh for his contributions, and wish him success in his new appointment," said DPM Lee Hsien Loong, Chairman MAS. 5 Mr Shanmugaratnam began his career in MAS in Dec 1982 in its Economics Department.
- MAS has strengthened significantly during his tenure, and is now much readier to fulfil its growing responsibilities.
- the Public Service Division, Prime Minister's Office. 3 Under Mr Koh's stewardship, the MAS implemented a series of major policy changes aimed at developing Singapore's financial centre.
- MAS
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- Singapore, 24 February 2003...The Monetary Authority of Singapore (MAS) today issued a consultation paper on a set of proposed guidelines and regulations to enhance the existing corporate governance framework for locally incorporated banks and direct insurers.
- Feedback should reach MAS by 24 March 2003. MAS will publish a summary of the feedback received on its web site. You can go to the following URL to access the consultation paper: www.mas.gov.sg -> Singapore's Financial Sector -> Reports and Consultation Papers ***
- The Banking Regulations also incorporate the separation rules for the board and management as announced by MAS on 21 Jun 2000.
- MAS
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- Singapore, 19 March 2020...The Monetary Authority of Singapore (MAS) announced the establishment of a US$60 billion swap facility with the US Federal Reserve (Federal Reserve). 2 Financial markets globally have come under strain in reaction to the now-widespread COVID-19 outbreak.
- MAS will work out the operationalisation of the facility in consultation with the Federal Reserve, and will provide details next week on how it will be implemented in Singapore. 4. The swap facility complements MAS’ management of the Singapore Dollar (SGD) market.
- Through its market operations, MAS will continue to provide ample SGD liquidity to support the needs of the banking system.
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- of outstanding service to MAS.
- Mr Wong will leave MAS in early 2018 to pursue other interests. 2 MAS has also appointed Mr Tan Yeow Seng as Chief Cyber Security Officer (CCSO). This is a new position. The CCSO will play an important role in strengthening the cyber resiliency of MAS and the financial sector.
- Singapore, 26 October 2017...The Monetary Authority of Singapore (MAS) today announced the following changes to its senior management team: Ms Ho Hern Shin, currently Executive Director (Insurance Department), will be appointed as Assistant Managing Director (Banking & Insurance).
- MAS
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- Singapore, 5 May 2009...The Monetary Authority of Singapore (MAS) supports the Securities Investors Association of Singapore's (SIAS) initiative in organising a seminar on the 1 June 2009 deadline for lodging claims against Lehman Brothers Inc (LBI) with the trustee for LBI's liquidation in the United
- MAS has been informed by LBSPL that based on its records as at 31 Mar 2009, LBSPL held a net cash position of S$61,552,964 and that LBSPL does not hold funds on behalf of LBI.
- MAS has been informed by LBPL that based on its records as at 31 Mar 2009, LBPL held US$144,740,631 in segregated house accounts and US$153,578,500 in segregated client accounts. According to LBPL, both are held on behalf of LBI.
- MAS
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- 17 Sep 2014… The Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS) have entered into a Memorandum of Understanding (MOU) to allow trade repositories licensed in one jurisdiction to provide relevant data to the authority in the other jurisdiction. 2
- Tee said the signing of the MOU between ASIC and the MAS is a world first for this type of arrangement and embodied the ongoing close cooperation between ASIC and MAS on financial market issues, including the implementation of the Group of Twenty over-the-counter (OTC) derivatives reforms. 5 Mr Medcraft
- Through this MOU, ASIC and MAS express their intent to cooperate with each other in the interest of fulfilling their respective responsibilities and mandates by facilitating each authority’s access to relevant trade repository data, while ensuring the confidentiality of the information is appropriately
- MAS
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- MAS Press Statement on Structured Products: Singapore, 24 September 2008...In consultation with MAS, financial institutions (FIs) that have sold the DBS High Notes 5, Lehman Minibonds and Merrill Lynch Jubilee Series 3 LinkEarner Notes have decided to appoint independent parties to oversee their complaints
- MAS will ensure that FIs must have a rigorous process in place for handling customers’ complaints and that legitimate grievances are dealt with expeditiously. While MAS cannot order FIs to pay compensation, we are committed to ensuring a fair resolution process for all affected investors”.
- MAS will use the outcome of this process to consider what FIs need to do to strengthen internal processes and controls, and if a review of our existing regulations is required.
- MAS
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- Singapore, 1 October 2007...The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing to exempt card issuers from complying with the maximum credit limit when issuing credit or charge cards to individuals with an annual income of at least $120,000 or net personal assets exceeding
- This proposal is part of MAS’ ongoing process of updating the credit card rules to ensure that they remain appropriate and relevant. 2 MAS recognises that the Government’s social policy to protect individuals from spending beyond their means and incurring unsustainable debt is best aimed at individuals
- [2] to the Banking (Credit Card and Charge Card) Regulations. 5 Interested parties should forward their comments on the proposals in the consultation paper (Click here to view) (108.4 KB) to MAS by 1st November 2007. *** [1] To be applied on an on-going basis. [2] On 7 August 2006, MAS and the Ministry