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    • MAS
    • Media Releases

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    • Singapore, 3 August 2020…The Monetary Authority of Singapore (MAS) announced today that it will award Significantly Rooted Foreign Bank (SRFB) privileges to Standard Chartered Bank (Singapore) Limited (SCBSL), allowing it to operate additional places of business (POBs). SCBSL is the first bank to qualify as an SRFB. 2   MAS will also enhance the SRFB Framework so that in the future, an SRFB that substantially exceeds the criteria for significant rootedness in Singapore may be given additional privileges
    • MAS
    • Media Releases

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    •  Date: 31 Oct 2002 The Payment and Settlement Systems (Finality and Netting) Bill was introduced for the first reading in Parliament today. 2   This Bill seeks to provide finality to payments and transactions effected through designated payment and settlement systems.  When enacted, the Bill will enable MAS to designate certain payment and settlement systems, with the consequence that a designated system will be exempt from the application of certain laws that might otherwise threaten the finality
    • MAS
    • Recent Economic Developments

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    • This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. 17 September 2014 RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 3 December 2014 Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Labour Market and Prices Unemployment Rate, sa, % (Average) CPI-All Items Inflation, y-o-y % Wage Growth, y-o-y % 2013 Q4 4.9 6.9
    • MAS
    • Speeches

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    •  "Post-Crisis Asia:Challenges and Opportunities Challenges and Opportunities" Date: 27 October 1999 Pre-crisis Asia: A Mirage? 1    The Asian crisis swept through the regional economies like a huge tidal wave. The euphoria from more than a decade of boom in East Asian economies was abruptly punctured. Overnight, headlines switched from the "Asian century" to the "Asian disease". Some analysts questioned if the earlier prosperity had been real, or just a bubble. Others attributed the crisis to fatal
    • MAS
    • Speeches

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    •  Second Reading Speech by Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. 2   Sir, this Bill seeks to establish a deposit insurance scheme in Singapore. Once enacted, it will provide an explicit, limited guarantee to insured depositors that they will be compensated, up to a specified amount, in the event of a failure of a full bank or a finance
    • MAS
    • Speeches

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    •  Opening Address by Mr Koh Yong Guan, Managing Director, Monetary Authority of Singapore (MAS) at The DBS Singapore Dollar Bond Conference 2001 Date: 15 Feb 2001 Good morning, ladies and gentlemen, Introduction I thank DBS for inviting me to this inaugural Singapore Dollar Bond Conference . 2   Since 1998, when MAS first began to actively develop the bond market, it has taken off in ways that have exceeded most people's expectations. Our bond market now offers more opportunities today to both issuers
    • MAS
    • Speeches

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    • Fellow ASEAN Finance Ministers, Mr Joaquim Levy, Managing Director and Chief Financial Officer of the World Bank Group, Distinguished Guests, Ladies and Gentlemen Introduction 1   A very warm welcome to all our overseas guests.  Thank you for joining us at this 8th World Bank-Singapore Infrastructure Finance Summit. Strong growth backdrop enables ASEAN to focus on resilience and innovation 2   We gather at a time of optimism for ASEAN. a. By IMF’s estimates, collectively, ASEAN grew at an impressive
    • MAS
    • Speeches

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    • Mr Marc Haushofer, Mr Sivam Subramaniam, Distinguished Guests, Ladies and Gentlemen, Introduction Good morning. I am delighted to be able to join all of you today at the 16th SIRC in Singapore. To our delegates from overseas, a warm welcome to Singapore. I hope you will have an enjoyable stay here, and fruitful discussions with everyone gathered at this conference. 2     The theme for this year’s SIRC – “Winds of Change” – is timely. The global economy is undergoing a tumultuous period of change,
    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback: Draft Regulations for Reporting of Derivatives Contracts (511.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Regulations for Reporting of Derivatives Contracts (367.1 KB) RESPONSE TO FEEDBACK RECEIVED DRAFT REGULATIONS PURSUANT TO THE SECURITIES AND FUTURES ACT FOR THE REPORTING OF DERIVATIVES CONTRACTS 1 1.1 On 26 June 2013, MAS issued a consultation paper inviting comments on the proposed Securities and Futures
    • MAS
    • Notices

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    • Requirements and guidelines on the valuation and reporting of policy liabilities. This notice applies to all insurers licensed to carry on life business, except captive insurers. It sets out: Mandatory requirements on the valuation of policy liabilities relating to the life business. Guidelines on valuation of policy liabilities relating to the life business. Amendment Notes 05 Mar 2020 MAS 319 dated 24 Aug 2004 (416.4 KB) take effect from 31 Mar 2020 22 Apr 2013 Notice 319 (Amendment) 2013 (78.5