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- Media Releases
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- The Monetary Authority of Singapore (MAS) today released a consultation paper on proposed amendments to the Insurance Act (IA) and invites comment from the public. 2 The proposed amendments in IA will see the introduction of frameworks for risk-based capital and health insurance.
- Consultation on the relevant Regulations will be carried out in the third quarter of this year. 5 The consultation paper is posted on the MAS website, www.mas.gov.sg and comments should reach MAS by 27 June 2003. Please submit your comments to ia_amdt@mas.gov.sg . ***
- It will also provide clear information on the financial strength of insurance companies and facilitate early and progressive intervention by MAS.
- MAS
- Media Releases
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- MAS seeks comments on both the policy issues highlighted in the consultation paper, and the draft Business Trusts Bill. The consultation paper is posted on the MAS website, at http://www.mas.gov.sg . MAS requests that comments be submitted by 12 Jan 2004.
- The Monetary Authority of Singapore (MAS) today released a consultation paper on the regulation of business trusts (BTs). Introducing BTs as an alternative business structure in Singapore will create a new asset class for investors and add depth and vibrancy to Singapore's capital markets.
- Publications-> MAS Consultation Papers -> Consultation Paper on Regulation of Business Trusts">http://www.mas.gov.sg-> Publications-> MAS Consultation Papers -> Consultation Paper on Regulation of Business Trusts (578.2 KB) Consultation Paper on Regulation of Business Trusts (395.4 KB) Annex 1: Draft
- MAS
- Media Releases
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- Singapore, 25 June 2012…The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) signed a Memorandum of Understanding (MoU) to establish a reciprocal cross-border collateral arrangement.
- The arrangement will help maintain financial stability in both countries. 2 Under this arrangement, eligible financial institutions operating in Singapore may obtain Singapore Dollar (SGD) liquidity from MAS by pledging Thai Baht (THB) or Thai government and central bank securities with MAS.
- Prasarn Trairatvorakul, Governor, BOT, said “The reciprocal cross-border collateral arrangement highlights the facilitating role of both the MAS and BOT in cross-border banking activities and liquidity management of financial institutions in both countries.
- MAS
- Media Releases
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- website and comments should reach MAS by 12 September 2014.
- The Monetary Authority of Singapore (MAS) today published a consultation paper on proposals to strengthen oversight of credit bureaus. 2 As credit bureaus 1 collect increasing and more detailed borrower credit information from banks, MAS proposes to subject them to formal oversight under a new Credit
- Bureau Bill, so as to safeguard sensitive borrower credit information and protect consumers’ interests. 3 Under the proposed framework, credit bureaus will be licensed by MAS and subject to ongoing regulatory requirements.
- MAS
- Media Releases
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- MAS expresses its deep appreciation to Mr Chao for his contributions. 5 The members of the MAS Board of Directors are listed in the Annex (80.3 KB) . ***
- Singapore, 20 May 2008...The Monetary Authority of Singapore (MAS) announced that Mr Lim Hng Kiang, Minister for Trade and Industry, has been reappointed as MAS’ Deputy Chairman for a further two years with effect from 1 June 2008. 2 Professor Walter Woon, Attorney-General of Singapore, has also
- been appointed to the Board of Directors of the MAS with effect from today. 3 Professor Woon was called to the Singapore Bar in 1985.
- MAS
- Parliamentary Replies
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- Notwithstanding, in anticipation of evolving systemic risks in the payments landscape, the IMF had recommended that MAS increase its resources for the supervision of payment systems. MAS’ thinking is the same as the IMF’s on this matter.
- MAS will continue to watch developments in the payments landscape and ensure its capabilities and supervisory approaches are appropriate. * * *
- MAS has indeed been allocating additional resources for supervision of payment activities and implementing enhancements to its supervisory programme.
- MAS
- Speeches
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- Even under MAS' umbrella, we have adopted the same silo approach in regulating different industries. Each industry has its own legislation and MAS adopts international best practices in each. The challenge ahead is to integrate financial regulation and supervision.
- MAS will continue to work towards greater transparency in our markets, raise disclosure standards, and foster market discipline in the financial services industry.
- In this regard, MAS has been raising disclosure standards across all industries. For disclosure to be meaningful, they need to be consistent, comparable and comprehensive.
- MAS
- Speeches
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- Three years ago, the Monetary Authority of Singapore (MAS) embarked on a pioneering journey with the Bank of Thailand: to link our respective national faster payment systems – PayNow in Singapore, and PromptPay in Thailand.
- MAS will earmark 20% of the Financial Sector Technology and Innovation budget, or US$37 million out of US$185 million, to support Green FinTech projects .
- This has been MAS’ clarion call since five years ago, when we embarked on Project Ubin to explore the use of blockchain technology to solve one of the biggest pain points for SMEs.
- MAS
- Speeches
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- MAS will consult the industry later this year on mandatory climate-related disclosures by financial institutions.
- MAS recently launched Project Greenprint which aims to harness technology and data to support the green finance ecosystem.
- In Singapore, the Green Finance Industry Taskforce convened by MAS is fleshing out its proposed taxonomy for green and transition activities.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today announced that it will commit S$250 million over the next three years under the enhanced Financial Sector Technology and Innovation Scheme (FSTI 2.0) to accelerate technology and innovation-driven growth in the financial sector.
- MAS will take into account the recommendations and comments from the evaluation panel, and assess if the POC grant would be awarded to the applicant.
- Find Out More Here: PAGE 2/2 13 Aug 2020 ANNEX About FSTI The Financial Sector Technology and Innovation Scheme (FSTI) was introduced by MAS in June 2015 to support the creation of a vibrant ecosystem for innovation in the financial sector.