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- MAS first announced FAIR in 2012 with the formation of a review panel.
- MAS will continue to work with the industry and consumer groups to conduct regular reviews to ensure that the product suite and features of DPI remain relevant in meeting the needs of consumers.
- Conclusion 29 Let me conclude with a broad note on talent development for the insurance industry. 30 Over the years, MAS has been working closely with many of you on various manpower development initiatives.
- MAS
- Guidelines
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- for shareholders proposals the audit, independent that request include that Monetary Authority of Singapore 8
- MAS would consider these factors in determining whether the control of voting power or interest in a company held is being used or exercised primarily for the benefit of a beneficiary, for the purposes specified under the Banking Regulations.
- Monetary Authority of Singapore 1 -------- Guidelines on Investment and Voting Policies Jan 2005 In these Guidelines, unless the context otherwise requires 4 (a) (i) (ii) (b) (c) (i) (ii)
- MAS
- Guidelines
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- The completed Form should be submitted to: Executive Director Insurance Department The Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 3 -------- EXPLANATORY NOTES
- The completed Form should be submitted to: MAS Building Executive Director Insurance Supervision Department The Monetary Authority of Singapore 10 Shenton Way Singapore 079117 3 -------- EXPLANATORY NOTES One Form should
- They set out the procedures which should be followed by insurers intending to apply for exemption from compliance with any provision of the Insurance Act 1966 ("the Act"), or any regulation or direction issued by MAS pursuant to the Act.
- MAS
- Media Releases
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- Singapore, 26 Oct 2004...The Monetary Authority of Singapore (MAS) today issued Guidelines on Switching of Designated Investment Products ("Guidelines").
- has published a consumer alert explaining what switching is and what consumers can do to protect their interests. 5 The Guidelines (30.6 KB) and MAS' response to the feedback received from the public consultationare available on MAS' website
- The Guidelines aim to provide guidance to financial advisers on the controls, processes and procedures MAS expects them to put in place to monitor and deter undesirable switching activities.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today issued a consultation paper on a draft Consumer Protection (Fair Trading) Bill ('draft Bill') and invites comment from the industry. 2 MAS' industry consultation follows from a public consultation conducted by the Ministry of Trade and Industry (MTI)
- before the Bill is finalised for tabling at Parliament. 5 The consultation paper is available on the MAS website at www.mas.gov.sg .
- Comments should be submitted to MAS by 3 March 2003. *** For the entire consultation paper, please go to our web site: CPFTA_Industry_Consultation_Consultation_Paper (9.96 KB)
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today published its “regulatory sandbox” guidelines to encourage and enable experimentation of solutions that utilise technology innovatively to deliver financial products or services.
- Relevant information of approved sandbox applications will also be published on the MAS website. 3 Ms Jacqueline Loh, Deputy Managing Director of MAS, said, “Emerging financial products or services that utilise FinTech are becoming more sophisticated.
- Increased transparency - MAS will work closely with sandbox applicants in the evaluation and experimentation process.
- MAS
- Letters to Editor
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- MAS also reviews these assessments to ensure that the scope of the review, expertise engaged in the testing, and follow-up actions are appropriate. Angelina Fernandez Director (Communications) Monetary Authority of Singapore
- These standards are governed by the banks’ own internal IT security policies as well as the minimum expectations set out in MAS’ Technology Risk Management Guidelines. MAS’ guidelines require banks to conduct regular internal tests on their systems and networks.
- 11 December 2013 The Editor ST Forum Dear Editor, The Monetary Authority of Singapore (MAS) thanks Mr Francis Cheng for his letter, offering lessons and suggestions arising from the recent theft of customer data belonging to Standard Chartered Bank (“Questions remain over bank’s stolen data”, The Straits
- MAS
- Media Releases
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- Singapore, 28 October 2011...The Monetary Authority of Singapore (MAS) announced today that we have lifted the Operational Risk Multiplier¹ imposed on DBS Bank Ltd following the service outage of its online and branch banking systems on 5 July 2010. 2 MAS has reviewed the measures taken by
- MAS has therefore lifted the Operational Risk Multiplier on DBS Bank with immediate effect. 3 As part of MAS’ ongoing supervision, we will continue to monitor the robustness of the bank’s operational and technology risk management frameworks and controls in ensuring the reliability, resilience and
- speedy recoverability of their IT systems and infrastructure. *** 1 On 4 August 2010, MAS censured DBS Bank for the shortcomings and inadequate management oversight by the bank of its outsourced IT systems, networks, operations and infrastructure that resulted in the widespread system outage on 5 July
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today released a consultation paper on the recommendations of the Financial Advisory Industry Review (FAIR).
- website and comments should reach MAS by 4 June 2013.
- . 3 MAS has reviewed the report and agrees in principle, to the recommendations made by the FAIR Panel.
- MAS
- Media Releases
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- Vijayawada, 22 October… The Monetary Authority of Singapore (MAS) and the Government of Andhra Pradesh (GoAP) today signed a FinTech Cooperation Agreement to promote innovation in financial services in their respective markets.
- From MAS’ perspective, we are looking to create a market place in India for FinTech solutions developed in Singapore.
- MAS and GoAP also agreed to discuss emerging FinTech trends and exchange views on regulatory issues related to innovations in financial services. 2 Sopnendu Mohanty, Chief FinTech Officer, MAS, said: “This agreement will pave the way for greater FinTech collaboration between Singapore and Andhra Pradesh