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- Singapore, 12 July 2021… The Monetary Authority of Singapore (MAS) today announced the launch of the inaugural Global Veritas Veritas is a framework which enables financial institutions to evaluate their AIDA-driven solutions against the FEAT principles. The Veritas framework was highlighted by Mr Heng Swee Keat, Deputy Prime Minister of Singapore, in his speech laying out Singapore’s National AI Strategy at SFF x SWITCH in 2019. Challenge. The competition seeks to accelerate the development of solutions
- MAS
- Media Releases
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- Singapore, 12 July 2021… The Monetary Authority of Singapore (MAS) today announced the launch of the inaugural Global Veritas Veritas is a framework which enables financial institutions to evaluate their AIDA-driven solutions against the FEAT principles. The Veritas framework was highlighted by Mr Heng Swee Keat, Deputy Prime Minister of Singapore, in his speech laying out Singapore’s National AI Strategy at SFF x SWITCH in 2019. Challenge. The competition seeks to accelerate the development of solutions
- MAS
- Speeches
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- Mr. Loh Boon Chye, Chief Executive Officer, Singapore Exchange (SGX), Dr. Urs Ruegsegger, Chairman, The World Federation of Exchanges, Ms. Nandini Sukumar, Chief Executive Officer, The World Federation of Exchanges, Ladies and gentlemen, good morning. Introduction 1 Let me begin by welcoming you to Singapore for the World Federation of Exchanges 59th General Assembly and Annual Meeting. 2 Exchanges have a long and illustrious history, dating back to the establishment of the Amsterdam Stock
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Proposed Enhancements to the Deposit Insurance Scheme and Legislative Amendments to the Deposit Insurance and Policy Owners' Protection Scheme (1.2 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on the Proposed Amendments to the Deposit Insurance and Policy Owners' Protection Schemes Act (153.3 KB) RESPONSE TO FEEDBACK RECEIVED 17 May 2018 Proposed Amendments to the Deposit Insurance Scheme and Policy Owners Protection Scheme
- MAS
- Consultations
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- Consultation Paper VIEW DOCUMENT Committee on Efficient Distribution of Life Insurance Supplementary Report (51.7 KB) ANNEX 2 THE COMMITTEE ON EFFICIENT DISTRIBUTION OF LIFE INSURANCE SUPPLEMENTARY REPORT Table of Contents EXECUTIVE SUMMARY TIED AGENCY STRUCTURE ROLES AND RESPONSIBILITIES OF ADVISORS AND SUPERVISORS DEVELOPMENT OF ALTERNATIVE DISTRIBUTION CHANNELS Page 2
- MAS
- Monographs/Information Papers
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- This document provides firms offering financial products and services with a set of foundational principles on the responsible use of artificial intelligence and data analytics (AIDA). The Principles also help firms to strengthen internal governance around data management and use, fostering greater public confidence and trust in the use of AIDA. Para 1.4 has been updated on 7 Feb 2019 to reflect PDPC’s Model AI Governance Framework. Principles to Promote Fairness, Ethics, Accountability and Transparency
- PDPC
- Public Consultations
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- Public Consultation on the PDPA – Regulations and Advisory Guidelines ABS Feedback / Comments The ABS is grateful for the opportunity to respond to the various documents set out by the Personal Data Protection Commission (“PDPC”) for public consultation, as set out below. Referenced documents: (a) Personal Data Protection Act ("PDPA") Proposed Regulations on Personal Data Protection in Singapore ("Proposed Regulations") Proposed Advisory Guidelines on Key Concepts
- MAS
- Speeches
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- Good morning. Welcome to MAS’ annual report press conference. 2 I will touch on four broad areas today. First, growth and inflation, including asset prices; second, our regulatory measures to safeguard the interests of consumers of financial products; third, the growth of the financial sector and fourth, an overview of MAS’ financial results. 3 Let me start with the economy. MOMENTUM SLOWS BUT ECONOMY ON TRACK TO MEET 2-4% GROWTH FORECAST 4 The economy grew an average of 0.4% on q-o-q seasonally
- MAS
- Media Releases
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- Singapore, 18 August 2015…Prime Minister Lee Hsien Loong today unveiled a set of six commemorative currency notes to celebrate SG50. The commemorative notes, issued by the Monetary Authority of Singapore (MAS), comprise a $50 polymer note and five $10 polymer notes. Together with a set of three commemorative coins launched in April this year, the notes complete the set of SG50 commemorative currencies issued by MAS to mark Singapore’s 50 years of nation-building. Note Designs 2 The note designs
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposed Property Loans Fact Sheet (264.5 KB) Consultation Paper VIEW DOCUMENT Proposed Residential Property Loans Fact Sheet (567.6 KB) RESPONSE TO FEEDBACK RECEIVED RESIDENTIAL PROPERTY LOANS FACT SHEET Introduction 1 1.1 In June 2011, the Monetary Authority of Singapore (MAS) conducted a public consultation on the proposed residential property loans fact sheet (Fact Sheet). The Fact Sheet aims to provide,