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- MAS
- Economic Essays
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- foreign GDP, 1 See MAS (2007) and MAS (2011). 2 Monetary Authority of Singapore The correlations are obtained using the Baba-Engle-Kraft-Kroner (BEKK) GARCH model applied to GDP growth rates.
- Monetary Authority of Singapore (2011), An Overview of the Satellite Model of Singapore, Macroeconomic Review, Vol. X(2), pp. 6876. Monetary Authority of Singapore Economic Policy Group
- Monetary Authority of Singapore Economic Policy Group -------- Special Features 85 imported intermediate sectors adjust their profit-maximising production and pricing decisions.
- MAS
- Recent Economic Developments
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- All other indicators from MAS. 4/ Ministry of Finance 5/ MAS na: Not available 20
- Source: EPG, MAS estimates Activity in the construction sector was strong.
- MAS Core Inflation remained at 1.6% as slightly higher contributions food and services were offset by slower price increases for retail items. CPI-All Items inflation picked up in July, while MAS Core Inflation remained stable.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today issued a Housing Loan Notice to all banks, merchant banks, finance companies and direct insurers setting out revised housing loan rules.
- MAS has advised lenders that one way to satisfy this requirement is by obtaining a written confirmation from the borrower, but they are free to satisfy the requirement in other ways. 4 MAS has also reviewed the rules on refinancing.
- Furthermore, additional loans granted above a 100% LTV ratio are to be treated as unsecured loans, and must comply with MAS Guidelines on unsecured credit to individuals. ***
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today released a Consultation Paper on the proposed features of a deposit insurance scheme in Singapore. The scheme will cover all Singapore dollar deposits held by individuals up to a limit of $20,000.
- Following the consultation, MAS will proceed with the next phase of the deposit insurance study, which will focus on implementation details such as the governance structure, legislation, and depositor compensation procedures. MAS invites comments on the proposals set out in the Consultation Paper.
- Deposit insurance will be a complement to MAS' supervision of banks, and will enhance depositor protection by providing greater certainty of and clarity in depositor compensation.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) has finalised the new regulatory framework for payment services in Singapore.
- The response to the feedback received can be found on the MAS website at this link .
- . 6 MAS thanks all respondents for their feedback to the November 2017 public consultation of the Bill.
- MAS
- Media Releases
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- Singapore, 1 August 2018… The Monetary Authority of Singapore (MAS) announced today that Singapore will undergo the International Monetary Fund (IMF)’s Financial Sector Assessment Programme (FSAP) this year.
- This will be Singapore’s third FSAP assessment. 2 Specifically, the scope of the FSAP will include: a stress test of the financial system under hypothetical macroeconomic scenarios MAS’ regulatory and supervisory approaches covering FinTech and cybersecurity, as well as MAS Electronic Payments System
- During their visit, the IMF delegation will meet senior representatives from MAS, other relevant government agencies, financial institutions, and academic bodies.
- MAS
- Media Releases
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- Singapore, 20 October 2017… The Monetary Authority of Singapore (MAS) announced today that a simplified regulatory regime for managers of venture capital funds (VC managers) will come into immediate effect, following public consultation on the proposal earlier this year. 1 2 The new regulatory regime
- In admitting and supervising VC managers, MAS will focus primarily on existing fit and proper and anti-money laundering safeguards under the Securities and Futures Act. These safeguards remain important to uphold high standards of integrity in the industry.
- MAS will also retain regulatory powers to deal with errant VC managers. 3 The simplified regulatory regime takes into account the extent of contractual safeguards that are already present in typical contracts negotiated by VC managers’ sophisticated investor client base.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) announced today that it will issue more “good-as-new” $2 notes for the coming Lunar New Year to meet an anticipated increase in demand. This is the third consecutive year that MAS is issuing “good-as-new” $2 notes.
- This allowed MAS to maintain the quantity of brand new $2 notes issued for the 2014 Lunar New Year despite the increase in demand for $2 notes in that year. 3 Mr Low Kwok Mun, Assistant Managing Director, MAS, said, “Since the ‘good-as-new’ $2 notes were introduced in 2013, the total energy saved from
- Future Solutions. 6 The public can visit the MAS Facebook page at “Ask for Good-as-New Notes” ( www.facebook.com/askforgoodasnewnotes ) to find out more about this green initiative.
- MAS
- Media Releases
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- The initiatives reflect MAS’ view of what would lift standards of practice in a meaningful and decisive way.
- Singapore, 30 September 2013… The Monetary Authority of Singapore (MAS) today issued its response to the public consultation on the recommendations of the Financial Advisory Industry Review (FAIR). 2 The review, which started in April 2012 with the appointment of the FAIR Panel, aimed to raise the
- Of the FAIR Panel’s 28 recommendations, MAS has fully accepted 19 recommendations, modified 8 and dropped one recommendation. 4 In deciding on the finalised FAIR initiatives, MAS gave careful consideration to all of the Panel’s recommendations as well as feedback received through the public consultation
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Family offices can be either multi-family offices (MFOs) or single-family offices (SFOs). 2.
- Second, an SFO applying for the tax incentive is required to open and maintain an account with a bank licensed by MAS. The bank is in turn required to conduct customer due diligence.
- First, MAS screens the individuals and entities involved in the SFO against databases and other information sources for money laundering, terrorism financing and other adverse news, and reviews the business plans of the SFO. 5.