Showing 5563 Documents for "MAS"
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- MAS
- Financial Sector Development Fund Annual Report
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- MAS also works closely with the industry to build a strong pipeline of Singaporean leaders in the financial services sector.
- MAS offers funding support to firms and individuals participating in the financial services sector through the Financial Sector Development Fund (FSDF).
- Debt capital market: MAS supported 19 new bond and insurance-linked securities issuances through schemes such as the Global-Asia Bond Grant Scheme In January 2020, MAS announced the expansion of the Asian Bond Grant Scheme to cover all issuers with an Asian nexus, and renamed the scheme as the Global-Asia
- MAS
- Media Releases
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- The Programme is a collaboration under MAS’ Project Greenprint Project Greenprint is a programme under the MAS Green Finance Action Plan.
- Singapore, 26 July 2022… The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia.
- In working with MAS, we’ll deliver climate finance solutions to help move faster toward a carbon-free future.” ***
- MAS
- Parliamentary Replies
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- Under the Bill, MAS will be protected from liability arising from operating the RTGS system, except where it involves a reckless act or omission, or intentional misconduct on the part of MAS. This is similar to the RTGS systems in Hong Kong and the United Kingdom.
- Presently, the Banking Act allows MAS to provide information on the operations of a foreign bank to the parent supervisory authority, but not the particulars of a customer's account.
- The Bill proposes to allow MAS to provide information on particulars of credit facilities granted by the Singapore branch, to parent supervisory authorities, solely for supervisory purposes.
- MAS
- Speeches
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- In July, MAS halved the banks' MCB from 6% to 3%.
- Risk-Focused Examination of Finance Companies 15 To differentiate the stronger finance companies from the weaker ones, MAS will conduct inspections more frequently and on a more regular basis.
- Finance companies may also exclude housing loans when computing the 10% limit on the aggregate amount of unsecured loans. 13 The changes are part of the shift in MAS' approach from regulation to supervision.
- MAS
- Speeches
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- MAS moved decisively in March to open up the insurance sector.
- Recently, MAS Chairman DPM Lee announced that MAS has completed its review for the framework on Independent Financial Advisers. The aim is now to promote a class of IFAs who can offer comprehensive financial planning and advice on the entire range of investment and saving options.
- CEDLI has recommended that, in addition to MAS 306 requirements for new supervisor, the new supervisor must have completed a practice-oriented Agency Management course.
- MAS
- Enforcement Actions
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- MAS also reprimanded Mr Peter Tan Shou Yi, a consultant engaged by Aviva, for accepting remuneration in breach of regulatory requirements, and Aviva FA’s CEO and Director, Mr Chee Boon Chai Lionel, for his failure to discharge the duties of his office. 2 In the course of MAS’ ongoing supervision,
- said, “MAS expects financial institutions to have robust arrangements to ensure that their representatives place their customers’ interests first.
- In accepting such remuneration, Mr Tan also breached the SCC. 7 MAS has also reprimanded Aviva FA’s CEO and Director, Mr Chee, for his failure to discharge the duties of his office.
- MAS
- Speeches
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- Further MAS Initiatives to Grow VC activity 18 MAS is working with the VC industry to grow the funding landscape for start-ups in Singapore and the region.
- MAS is working with the industry to facilitate greater collaboration. For example, MAS is encouraging the development of open APIs among Financial institutions to enable efficient data sharing.
- The role VCs play in stimulating economic dynamism has been a recurring theme in discussions of the Committee on the Future Economy (CFE). 19 There are two key prongs in MAS’ approach. 20 First, MAS is reviewing its regulatory regime for VC managers.
- MAS
- Speeches
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- MAS' view - a pragmatic approach to oversight 18 These principles of fostering innovation and promoting consumer interests guide MAS' approach to payment system oversight.
- MAS will continue to monitor the development of retail payment systems, especially in the area of emerging risks.
- In most cases, MAS is likely to choose to empower and educate consumers, so that they are better able to make their own decisions and assess their own risks.
- MAS
- Speeches
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- MAS recently reviewed our REIT regulatory regime to take into account international best practices and market developments.
- The proposals that I have highlighted are currently open for public consultation and MAS welcomes feedback from industry.
- MAS is confident that APREA will serve to better represent the needs of the listed real estate sector in the Asia Pacific and enhance the level of professionalism in real estate fund management.
- MAS
- Speeches
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- As a member of the Board of the Monetary Authority of Singapore (MAS), I will talk about the issue from the perspective of the financial services sector, the people who work in it, and the people who want to work in it. 2.
- MAS has been stepping up engagements with the top leadership of key financial institutions on the need to maintain robust HR practices that are merit-based and support workplace diversity. 42.
- To illustrate, MAS estimates that from 2014 to 2019, the number of senior positions sited in Singapore grew from 3,900 to 5,900. And the absolute number of senior jobs that went to Singaporeans increased from 1,700 to 2,600.