Showing 5563 Documents for "MAS"
Filter by
Sort by
- MAS
- Media Releases
Last revised date:
- This would have a synergistic effect on the MAS' efforts to develop Singapore as an international debt hub", said Mrs Lim. On the requirement to set up specific contingency reserve, MAS said that insurers would contribute a certain percentage of their net premiums annually towards a reserve fund.
- MAS said that the amended regulations also eases a previous restriction that allowed only Singapore-incorporated subsidiaries of specialised financial guarantee insurers to operate in Singapore.
- 24 Aug 1999...MAS today issued the Insurance (Financial Guarantee Insurance) (Amendment) Regulation 1999. The amended regulation allows multi-line insurers and reinsurers to engage in financial guarantee insurance business.
- MAS
- Media Releases
Last revised date:
- Further public consultations will be undertaken. 5 MAS invites comments on the consultation paper which can be found on the MAS website. ( Click here to view the Consultation Paper (183.4 KB) ).
- Interested parties may submit their comments by 27 January 2006 to: Insurance Supervision Department Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Fax: (65) 6229 9694 Email: ppf_review@mas.gov.sg ***
- The Monetary Authority of Singapore (MAS) has released a consultation paper on draft recommendations to enhance the Policy Owners' Protection Fund (PPF) Scheme. 2 The failure or default of an insurer may result in financial distress to individual policy owners and may impact on the society and economy
- MAS
- Media Releases
Last revised date:
- Singapore, 1 February 2006...The Monetary Authority of Singapore (MAS) has taken a total of 32 formal regulatory and enforcement actions in 2005 for market conduct breaches. These are cases where MAS has exercised formal regulatory powers.
- Yang Yomin, announced separately during 2005. 2 A breakdown of the regulatory and enforcement actions taken by MAS in 2005 is in Annex 1 . 3 MAS announced our policy on publishing formal regulatory and enforcement actions for market conduct breaches in November 2004.
- MAS will not disclose confidential and commercially sensitive information obtained during our supervision. 5 Taking formal regulatory action is only one aspect of our overall supervisory work.
- MAS
- Media Releases
Last revised date:
- MAS will take into consideration comments received during the consultation to prepare the relevant Amendment Bills. The draft Bills will be available for comment at a later date. The consultation paper is posted on the MAS website, www.mas.gov.sg .
- Singapore, 25 September 2003...The Monetary Authority of Singapore (MAS) today released a consultation paper on a number of policy reforms that have general application to the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA), and invites comments from the public.
- MAS requests that comments be submitted by 3 November 2003. Annex 1: Policy Consultation on Amendments to the SFA and FAA (183.5 KB) *** Notes to the editors: 1.
- MAS
- Media Releases
Last revised date:
- website www.mas.gov.sg and comments should reach MAS by 9 January 2004.
- This will facilitate early and effective intervention by MAS, if necessary.
- The Monetary Authority of Singapore (MAS) today released a consultation paper on the proposed risk-based capital framework for insurance business and invites public comments. 2 Insurance companies are facing greater challenges in their businesses, particularly in terms of volatility of assets and diversity
- MAS
- Media Releases
Last revised date:
- Singapore, 7 January 2020… The Monetary Authority of Singapore (MAS) announced today that it has received 21 applications for digital bank licences as at the close of application on 31 December 2019.
- Please refer to the MAS website for more information on the digital bank licences. *****
- MAS will evaluate all eligible applications based on their value propositions including the innovative use of technology to serve customer needs, their ability to manage a prudent and sustainable digital banking business, and their contributions to Singapore’s financial centre. 4 MAS will announce
- MAS
- Circulars
Last revised date:
- ID 03/16 dated 28 June 2016. 2 The Monetary Authority of Singapore (MAS) issued its response to feedback received on a consultation paper on the review of insurance returns on 28 June 2016.
- MAS also received feedback from some insurers that they face challenges in complying with the submission requirements by 1 January 2018. 3 In view of the above, MAS will defer the implementation date for the revised insurance returns to 1 January 2019.
- MAS thanks the industry for your cooperation and patience in this matter. If you have any further queries, please contact your companys liaison officer in MAS. Thank you. 5 Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT
- MAS
- Parliamentary Replies
Last revised date:
- What steps are MAS taking to address this? Name and Constituency of MP Ms Chia Yong Yong, NMP Question 5.
- On Strengthening Responsible Financing 11 Mr Louis Ng asked if MAS will encourage local financiers to adhere to The Association of Banks in Singapore (ABS) industry guidelines on responsible financing. 12 In short, we do. MAS has been working closely with the financial industry on this.
- In the meantime, MAS is studying ways to help individuals locate their inactive accounts, with a view to reducing such unclaimed funds.
- MAS
- Speeches
Last revised date:
- MAS has taken steps to implement the trade reporting regime in Singapore. Financial institutions which book prescribed OTC derivatives in Singapore are required to report such trades to a trade repository licensed by MAS.
- MAS subscribes to the universal banking model on the premise that it is not the separation between risky and non-risky activities that matters as much as ensuring that risk is well managed wherever it is. For domestic banks, MAS does not impose any structural measures.
- For foreign banks that have a significant presence in the retail market, MAS will require local incorporation of their retail operations.
- MAS
- Consultations
Last revised date:
- All the recommendations were accepted by the MAS for implementation in phases from 1 Jan 2001.
- EXECUTIVE SUMMARY The Committee on Efficient Distribution of Life Insurance (CEDLI) comprising senior practitioners from the life insurance industry was appointed by the Monetary Authority of Singapore (MAS) in March 2000 to propose recommendations to promote transparency,
- § It is easier for the MAS to deal with networks rather than a large number of small players. MAS can look to the network to ensure compliance with regulations and guidelines. § It is also easier for life insurers to deal with networks rather than individual small firms.