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- Speeches
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- MAS will be permitted to create a register of these key personnel removed from office, as well as of persons prohibited under the Act from becoming intermediaries. f MAS's powers to prohibit or to direct any removal of key personnel, will be subject to a right of hearing as well as to a right of appeal
- With the removal of the exemption, all credit insurers will be required to be registered under the Insurance Act, and be subject to MAS's supervision.
- These changes are being made after consultation with the non-life insurance industry, and MAS is working closely with industry representatives on the detailed requirements. 11 Fourth, improving regulatory supervision.
- MAS
- Speeches
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- Following Parliament’s resolution to fix the maximum amount of grants that MAS can allocate to the IMF’s CCRT, CCCDI and PRG-HIPC Trust, MAS will publish in the Gazette key information about the grants. 23 Mr Deputy Speaker, I beg to move. ***
- that the Monetary Authority of Singapore may give under a bilateral agreement (or its subsequent variations) to be made by the Monetary Authority of Singapore (on behalf of the Government of the Republic of Singapore) with the International Monetary Fund (“IMF”) to support the Catastrophe Containment
- Conclusion 22 Mr Deputy Speaker, MAS has issued a press release on 31 March 2021 to inform the public of the grants and that it would seek Parliament’s approval.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) today issued their response to the joint consultation paper on the Review of the Securities Market Structure and Practices, which was published on 7 February 2014. 2 MAS and SGX thank all respondents for the extensive feedback.
- MAS’ enforcement philosophy relating to the securities markets and financial intermediaries was also assessed to be cogent, outcome-focused and well developed.
- MAS and SGX will work with the industry on the implementation details and will undertake further consultations on the relevant regulatory requirements or operational rules, where applicable.
- MAS
- Monetary Policy Statements
Last revised date:
- MAS is thus lowering the 2020 forecast range for both MAS Core Inflation and CPI-All Items inflation to −1 to 0%. Growth Backdrop and Outlook 5.
- MAS Core Inflation, which excludes the costs of accommodation and private road transport, declined from 0.6% year-on-year in H2 2019 to an average of 0.1% in January–February 2020.
- In its October 2019 Monetary Policy Statement, MAS reduced slightly the rate of appreciation of the S$NEER policy band. There was no change to the width of the policy band and the level at which it was centred.
- MAS
- Media Releases
Last revised date:
- Singapore, 15 September 2022… Mr Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025 today.
- MAS aims to enhance payments connectivity and build an innovative and responsible digital asset ecosystem. a.
- MAS and the Institute of Banking & Finance (IBF) will work closely with the financial industry and tripartite partners to foster a strong workforce. 9.
- MAS
- Media Releases
Last revised date:
- The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) held a bilateral meeting on Saturday, 4 April 1998, at the MAS. The HKMA delegation was led by Mr Joseph Yam, Chief Executive, HKMA, while the MAS delegation was headed by Mr Koh Yong Guan, Managing Director, MAS.
- It has been instrumental in strengthening co-operation between the HKMA and MAS and illustrates the close ties between the two monetary authorities.
- Mr Joseph Yam also paid a courtesy call on Chairman, MAS, Deputy Prime Minister Lee Hsien Loong. They discussed ways to increase bilateral co-operation between the two monetary authorities.
- MAS
- Media Releases
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- MAS ( here ) and ESS ( http://www.ess.org.sg ) websites.
- Singapore, 14 October 2004...The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) today launched the fourth MAS-ESS Essay Competition. The title of this year's competition is "Is Our Education System Able to Meet the Challenges of Globalisation?"
- This year's MAS-ESS Essay Competition will run for three months beginning 14 October 2004.
- MAS
- Media Releases
Last revised date:
- and the Monetary Authority of Singapore.
- Singapore, 7 May 2009...The Monetary Authority of Singapore (MAS) today signed a Memorandum of Understanding (MoU) with Qatar Central Bank (QCB), which supervises financial institutions in Qatar. 2 The MoU provides a formal basis for supervisory cooperation and technical assistance between MAS and
- The MoU will also facilitate staff training and technical assistance between MAS and QCB. 3 The MoU was signed by H.E.
- MAS
- Speeches
Last revised date:
- MAS will help to strengthen this curriculum, for a start, by working closely with our five polytechnics. 20 In particular, MAS and various financial industry players will advise the polytechnics on areas of job demand, and work closely with them on curriculum reviews.
- This is something that MAS is already doing today. MAS has very close collaborations with our polytechnics and universities to strengthen the relevance of the curriculum to meet industry needs. I know industry captains and employers always have a view on the work readiness of fresh hires.
- We are mindful; MAS always takes in these feedback and work very closely with our tertiary institutions across all areas of finance.
- MAS
- Notices
Last revised date:
- MAS Notice PSN04A Appendix A (1 MB) MAS Notice PSN04A Appendix B (1.07 MB) MAS Notice No.: PSN04A Notice to licensees Payment Services Act 2019 (Act 2 of 2019) Issue Date: 5 December 2019 NOTICE ON SUBMISSION OF STATEMENT OF TRANSACTIONS AND PROFIT/LOSS Introduction 1.
- Paragraphs 4(a) and 4(c) do not apply to a licensee that has submitted a statement in accordance with paragraph 2 and 3 of MAS Notice 3003 before 28 January 2020. Effective Date 6.
- Notice 3003 means the notice commonly known as MAS Notice 3003 Submission of Statement of Transactions and Profit/Loss dated 2 December 2005 in force immediately before 28 January 2020; money-changers licence and remittance licence have the meanings given by section 121 of