Showing 2492 Documents for "DPT"
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- MAS
- Consultations
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- Proposed requirements for Credit Rating Agencies to be licensed under the Capital Markets Services licensing regime of the Securities and Futures Act and be subject to licensing obligations . Response VIEW DOCUMENT Response to Feedback on Proposed Regulation of Credit Rating Agencies (371.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Regulation of Credit Rating Agencies (89.9 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSED REGULATION OF CREDIT RATING AGENCIES
- MAS
- Parliamentary Replies
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- Parliamentary question on rising interest rates Date: For Parliament Sitting on 14 Jan 98 ____________________________________________________________________ Question To ask the Deputy Prime Minister what is the impact of rising interest rates on the economy. Answer: 1. MAS does not expect the recent rise in interest rates to hurt the Singapore economy significantly. Our corporate and household debt are both quite low. An MAS study has found that the debt-to-equity ratio of 181 companies 1 listed
- MAS
- Parliamentary Replies
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- QUESTION NO 2511 NOTICE PAPER 959 OF 2022 FOR ORAL ANSWER Date: For Parliament Sitting on 18 February 2022 Name and Constituency of Member of Parliament Mr Lim Biow Chuan, MP, Mountbatten SMC Question: To ask the Prime Minister whether MAS will regulate the imposition of credit card fees by banks such that all consumers are treated fairly. Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr
- MAS
- Enforcement Actions
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- Singapore, 5 July 2021… The Monetary Authority of Singapore has issued four-year prohibition orders (POs) against Ms Suzannah Khoo Lee Sun, following her conviction in the State Courts for an offence involving dishonesty, namely misappropriation of monies from one of her clients. 2 Under the POs, which will take effect from 2 July 2021, Ms Khoo is prohibited from providing any financial advisory services, taking part in the management, acting as a director, or becoming a substantial shareholder
- MAS
- Media Releases
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- 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). She will take over the position from Mr Chua Kim Leng, who has requested to relinquish his current role to take up an advisory position. Mr Chua will be appointed as Special Advisor (Financial Supervision Group). Ms Loo
- SSO
- Legislation
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- Enforcement of directions of or written notices by Commission in District Court 48M. —(1) For the purposes of enforcing a direction or written notice mentioned in subsection (2) — ( a ) the Commission may apply for the direction or written notice (as the case may be) to be registered in a District Court in accordance with the Rules of Court; and ( b ) the District Court is to register the direction or written notice in accordance with the Rules of Court. (2) Subsection (1) applies to any of the
- MAS
- Letters to Editor
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- We thank Mr Benjamin Cher for his commentary, “Time for Singapore to regulate buy now, pay later schemes” (The Business Times, 6 June 2023). Mr Cher suggested that buy now, pay later (BNPL) schemes should be regulated much the same as other credit products in Singapore. 2. The Monetary Authority of Singapore (MAS) shares Mr Cher’s concern that BNPL schemes could lead to excessive consumer borrowing. This is why we have worked with the BNPL industry to codify a set of explicit requirements to safeguard
- PDPC
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- Mediation Mediation as an AlternativeMediation can be a faster and less costly way of resolving disputes, and takes place outside of the PDPC's investigation process and the court process. When individuals and organisations have disputes, they may choose to solve their issues through mediation. When the individual and organisation meet at the mediation table, it could lead to a better understanding of each side’s interests and areas of disagreement. Mediation is successful where the individual
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 24 February 2021… The Monetary Authority of Singapore (MAS) has issued four-year prohibition orders (POs) against Mr Lau Man Chun, a former representative of an insurance broker, for dishonest conduct relating to the sale of personal accident (PA) policies. The POs issued against Mr Lau took effect from 22 February 2021. 2 Mr Lau is prohibited from (i) providing any financial advisory service, or taking part in the management of, acting as a director of, or becoming a substantial shareholder
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 14 April 2021... The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch (BJS) for its failures to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. The penalty amount took into consideration BJS’s remediation actions to address deficiencies that were identified by MAS. 2 Between March 2014 to September 2018, BJS committed serious breaches of MAS’