Showing 5563 Documents for "MAS"
Filter by
Sort by
- 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.
- MAS
- Media Releases
Last revised date:
- MAS will review the recommendations and take appropriate measures. Mr Ravi Menon, Managing Director of MAS, said, “The FSAP is a rigorous and comprehensive programme.
- Singapore, 14 November 2013…The Monetary Authority of Singapore (MAS) announced today that an assessment under the International Monetary Fund (IMF)’s Financial Sector Assessment Programme (FSAP) 1 has found Singapore’s financial sector to be well-regulated and highly developed. 2 The assessment by
- The FSAP Mission visited Singapore in June 2012, April 2013 and July-Aug 2013, during which the assessors met MAS, other government agencies, and participants from the private sector. 3.
- MAS
- Parliamentary Replies
Last revised date:
- MAS has taken several steps to promote responsible and credible transition financing by banks in Singapore.
- MAS has been playing an active role as one of the leading regulators internationally who are seeking to promote finance as a critical enabler for global decarbonisation efforts.
- More recently, with MAS’ support, the GFANZ Asia-Pacific Network was set up in Singapore to spearhead Asia’s efforts to transition towards net zero in a credible and inclusive manner. 5.
- MAS
- Speeches
Last revised date:
- With respect to Central Bank Digital Currencies (CBDCs), MAS makes a careful distinction between wholesale CBDCs and retail CBDCs. Both are digital currencies issued by the central bank. For wholesale CBDCs, MAS sees a variety of potential use cases.
- For retail CBDCs, MAS is keeping an open mind. We want to make sure we have the technology, governance, and policy structures to launch a retail CBDC, if necessary.
- In Singapore and in MAS, we are excited about the potential to build a crypto or tokenised economy. Cryptocurrencies, about which there is so much excitement, is just one sliver of the crypto ecosystem or economy comprising a variety of tokenised assets.
- MAS
- Parliamentary Replies
Last revised date:
- As I had explained previously, MAS intervenes in the foreign exchange market by purchasing US dollars for Singapore dollars to ensure that the trade-weighted exchange rate stays within MAS’ chosen monetary policy parameters. MAS thus accumulates OFR in the process.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- See “Second Reading Speech for Monetary Authority of Singapore (Amendment) Bill” . The incipient expansion in base money caused by OFR accumulation is in turn sterilised through MAS’ money market operations. This ensures there is no excessive growth in money supply. 6.
- MAS
- Acts
Last revised date:
- Establishes the Monetary Authority of Singapore (MAS) and gives it the authority to regulate the financial services sector in Singapore. In 1970, Parliament passed the Monetary Authority of Singapore Act, leading to the formation of MAS on 1 January 1971.
- The MAS Act gives MAS the authority to regulate the financial services sector in Singapore. MAS has been given powers to act as a banker to and financial agent of the Government.
- MAS
- Speeches
Last revised date:
- The Notices set out MAS' stance on the definition and use of financial reinsurance.
- I will also elaborate on some of the measures that MAS has adopted or is studying in order to facilitate the carrying on of such cutting edge activities here in Singapore.
- representatives from the insurance industry and the auditing professions to deliberate on what stance should MAS adopt towards the usage of such non-traditional products.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) announced the award winners of the Global FinTech Hackcelerator and the SFF Global FinTech Awards, at the Singapore FinTech Festival (SFF).
- Local Programme Organised by MAS, the programme seeks to unlock the potential of FinTech in accelerating the development of Web 3.0 and Green Finance, in Singapore and the region. MAS collected over 50 problem statements from financial institutions and industry players.
- They are also eligible for a fast-tracked application for MAS' Financial Sector Technology and Innovation (FSTI) Proof-of-Concept grant (up to S$200,000).
- MAS
- Consultations
Last revised date:
- MAS seeks comments on the revised FAA Notice (Annex A). Question 2. MAS seeks comments on the revised SFA Notice (Annex B).
- MAS will only publish non-anonymous submissions. In addition, MAS reserves the right not to publish any submission received where MAS considers it not in the public interest to do so, such as where the submission appears to be libellous or offensive.
- MAS seeks comments on the revised FAA Notice (Annex A).
MAS comments on the revised SFA Notice (Annex B).
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) today announced the composition of its Financial Centre Advisory Group (FCAG). Comprising leading members of the financial community in Singapore, the FCAG will institutionalise dialogue and consultation between MAS and the industry.
- MAS will brief the Group on its policies and strategies to develop the financial sector. The FCAG will provide feedback and deliberate on how best it can partner the MAS in developing Singapore as a world-class financial centre.
- The FCAG complements MAS' International Advisory Panel (IAP). The IAP provides MAS with global perspectives on financial sector developments, while the FCAG will focus on how to develop Singapore's financial centre and promote the adoption of international best practices in banking and finance.