Showing 5563 Documents for "MAS"
Filter by
Sort by
- MAS
- Media Releases
Last revised date:
- Singapore, 22 February 2012...The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing an extension of the MAS Corporate Governance (CG) Framework, which comprises the Regulations and Guidelines 1 , to all direct insurers and reinsurers incorporated in Singapore.
- This is in line with MAS’ emphasis on the importance of effective corporate governance, given insurers’ responsibilities to safeguard policyholders’ interests and the important role they play in the financial system and economy. 2 Currently, the CG Regulations are applicable to only the significant
- The proposed disqualification rule is targeted to take effect in mid 2013. 5 Detailed proposals relating to the Regulations and Guidelines of the CG Framework are contained in the consultation paper which is available on MAS website. [ Click here to view the consultation paper (9.96 KB) ].
- MAS
- Media Releases
Last revised date:
- Singapore, 10 January 2013….The Monetary Authority of Singapore (MAS) announced today that it will issue “good-as-new” $2 notes, along with brand new ones, for the coming Lunar New Year.
- MAS estimates that printing the excess 50 million $2 notes uses more than 200,000 kWh of electricity, equivalent to powering up one HDB block for six months, and consumes 10 tonnes of ink. 3 MAS is therefore embarking on an initiative this Lunar New Year to encourage the public to use “good-as-new”
- Mrs Foo-Yap Siew Hong, Assistant Managing Director, MAS, said, “While MAS will continue issuing brand new $2 notes, we hope the public will participate in the initiative. We can celebrate Lunar New Year with the giving of ‘hong bao’ and do our bit in reducing wastage and preserving the environment.
- MAS
- Media Releases
Last revised date:
- Singapore, 22 June 2016…The Monetary Authority of Singapore (MAS) announced today that it will be including its Renminbi (RMB) financial investments as part of its Official Foreign Reserves (OFR) from June 2016 onwards.
- Since 2012, MAS has been making RMB financial investments through China’s Qualified Foreign Institutional Investor and interbank bond market schemes. 1 Investing in China has provided portfolio diversification benefits for MAS.
- MAS Deputy Managing Director, Jacqueline Loh, said: “The inclusion of RMB assets in MAS’ OFR is timely. China’s calibrated financial liberalisation in the past year has encouraged growing international acceptance of the RMB.
- MAS
- Media Releases
Last revised date:
- Singapore, 22 December 2008...The Monetary Authority of Singapore (MAS) has directed Acclaim Insurance Brokers Pte Ltd (AIB), Leadenhall Insurance Brokers Pte Ltd (LIB), and Magnetron Insurance & Financial Services Pte Ltd (MIFS) to cease the provision of financial advisory services for new transactions
- MAS is withdrawing the exempt status of AIB, LIB and MIFS on the grounds of their contraventions of the FAA and in the public interest. 4 MAS has directed AIB, LIB and MIFS to ensure all outstanding order instructions and applications received from clients, and monies held on behalf of clients are
- With effect from 22 January 2009, MAS will withdraw AIB, LIB and MIFS' exemption under section 23(1) of the Financial Advisers Act ("FAA") from the requirement to hold a financial advisers licence.
- MAS
- Parliamentary Replies
Last revised date:
- MAS Core Inflation is projected to be 0.5–1.5% for the whole of 2015, lower than the 1.8% recorded last year.
- We should not confuse market movements in the S$ against the US$, for example, as indicating MAS’ policy stance.
- MAS has repeatedly emphasised that an excessive weakening of the domestic currency will only lead to higher inflation. 8 MAS will stay vigilant and continue to closely monitor the impact of external and domestic price developments across the range of consumer goods and services in the economy
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 11 May 2022… The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $100,000 on Mdm Tan Su Lan for false trading in the shares of Aspial Corporation Limited (ACL) and Far East Orchard Limited (FEOL) 1 . 2.
- The investigation was jointly conducted by MAS and the Commercial Affairs Department of the Singapore Police Force.
- Mdm Tan has admitted liability for her actions and paid MAS the civil penalty. 3. Mdm Tan had pledged ACL and FEOL shares as collateral for share margin purposes.
- MAS
- Parliamentary Replies
Last revised date:
- MAS Core Inflation is projected to be 0.5–1.5% for the whole of 2015, lower than the 1.8% recorded last year.
- We should not confuse market movements in the S$ against the US$, for example, as indicating MAS’ policy stance.
- MAS has repeatedly emphasised that an excessive weakening of the domestic currency will only lead to higher inflation. 8 MAS will stay vigilant and continue to closely monitor the impact of external and domestic price developments across the range of consumer goods and services in the economy
- MAS
- Guidelines
Last revised date:
- The Monetary Authority of Singapore (MAS) expects all licensed trust companies to adhere to these Guidelines where applicable, so as to ensure consistency and efficiency in the processing of licence applications. 4.
- arrangement with MAS for the payment of the annual licence fee. The licensed trust company should ensure sufficient funds in its bank account for the GIRO deductions.
- In the event of a failure to make payment before the payment due date, MAS may impose a late payment fee not exceeding $100 for every day that the payment is late, subject to a maximum of $3,000. licensed The 3
- MAS
- Media Releases
Last revised date:
- Singapore, 21 April 2023… The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) today announced the establishment of the China-Singapore Green Finance Taskforce (GFTF).
- The GFTF is co-chaired by MAS’ Assistant Managing Director (Development and International) and Chief Sustainability Officer, Ms Gillian Tan, and Chair of the China Green Finance Committee, Dr Ma Jun.
- Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Telephone: (65) 6225-5577 Annex: List of members as at 21 April 2023 Singapore Members Monetary Authority of Singapore Amundi Asset Management Bayfront Infrastructure Management DBS Bank HashSTACS Metaverse Green
- MAS
- Media Releases
Last revised date:
- Singapore, 29 October 2021… The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) For more information on MAS’ CSAP, please refer to: https://www.mas.gov.sg/who-we-are/MAS-Advisory-Panels-and-Committees/Cyber-Security-Advisory-Panel , comprising experts in cyber security from
- around the world, provided insights on how MAS and financial institutions (FIs) can bolster their cyber defences.
- MAS is paying close attention to the rising occurrences and severity of ransomware and IT supply chain attacks globally.