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- Authority of Singapore (MAS).
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Micro-investment products, as their name suggests, require small minimum investment amounts – some as low as $1.
- Neverthless, there is growing interest amongst investors for such micro-investment products. 4 MAS through MoneySense undertakes on-going initiatives to educate consumers on the factors to consider prior to committing to an investment.
- MAS
- Media Releases
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- Singapore, 3 November 2021...The Monetary Authority of Singapore (MAS) today issued a consultation paper on the classification of certain investment products as complex, whereby enhanced safeguards will apply when they are distributed to retail investors.
- MAS invites interested parties to submit their comments on the proposals here by 15 December 2021.
- The framework allows for retail investors’ access to a range of investment products, while helping them better understand the features and risks of products that are considered more complex. 3 As part of MAS’ regular reviews of our regulatory regime, MAS seeks views on the following: (a) classifying
- MAS
- Parliamentary Replies
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- MAS closely monitors the trends for complaints lodged with MAS. 2 In the past three years, about 20% of health-insurance related complaints made to MAS were due to unsuccessful insurance claims.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 MAS expects insurers to be fair and reasonable to all policyholders, including not rejecting health insurance claims on the basis of undeclared minor and unrelated conditions.
- QUESTION NO 2149 NOTICE PAPER 830 of 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 12 January 2022 Name and Constituency of Member of Parliament Ms Carrie Tan, MP, Nee Soon GRC Question: To ask the Prime Minister (a) whether MAS monitors the annual number of complaints brought by citizens through
- MAS
- Media Releases
Last revised date:
- Singapore, 3 November 2021...The Monetary Authority of Singapore (MAS) today issued a consultation paper on the classification of certain investment products as complex, whereby enhanced safeguards will apply when they are distributed to retail investors.
- MAS invites interested parties to submit their comments on the proposals here by 15 December 2021.
- The framework allows for retail investors’ access to a range of investment products, while helping them better understand the features and risks of products that are considered more complex. 3 As part of MAS’ regular reviews of our regulatory regime, MAS seeks views on the following: (a) classifying
- MAS
- Parliamentary Replies
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- And similar to other central banks that target the interest rate, MAS manages the exchange rate to ensure low inflation. MAS has made it clear that it does not use the exchange rate to make Singapore’s exports more competitive. 4.
- MAS will continue to manage the S$NEER as appropriate, with the objective of ensuring medium-term price stability. ***
- Its report points out that MAS manages the Singapore dollar nominal effective exchange rate (S$NEER) within a policy band, just as other central banks conduct monetary policy by targeting interest rates.
- MAS
- Media Releases
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- The amended Code and MAS' response to the feedback received from the public consultation are available on MAS' website ( Click here to view (231.2 KB) ). 4 MAS will continue to engage industry players and review our regulatory regime to keep pace with market developments and international practices
- Singapore, 22 December 2006...The Monetary Authority of Singapore (MAS) issued amendments to the Code on Collective Investment Schemes (Code) to give fund managers greater operational flexibility while safeguarding investors' interest. 2 The amendments are as follows: (i) Revise the method of calculating
- exposure of a scheme to a single party To overcome the limitations posed by the current single party limit of 10% of the deposited property of a scheme, MAS has introduced a "single group limit" [1] which is set at 20% of the deposited property of a scheme.
- MAS
- Media Releases
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- MAS strongly encourages consumers seeking financial services to deal only with persons regulated by MAS.
- Entities overseas may offer lower margin requirements but investors trading with them will not be protected under laws administered by MAS.” 5 MAS invites interested parties to provide their views and comments.
- 28 May 2012… The Monetary Authority of Singapore (MAS) has issued a consultation paper on proposed enhancements to the regulatory requirements for unlisted margined derivatives. 2 The proposals aim to address the specific risks posed by unlisted margined derivatives such as contracts for differences
- MAS
- Media Releases
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- For the longer term, MAS has established a total debt servicing ratio framework. MAS has also been monitoring banks’ credit underwriting practices to ensure they remain prudent.
- They undertake regular stress tests on their own as well as coordinated by the MAS, and have adequate buffers in place to cope with the inevitable upturn in the interest rate cycle. 6 MAS has been monitoring these and other risks closely, as highlighted in our Financial Stability Reviews over the last
- With regard to property market risks, MAS and other government agencies have taken pre-emptive measures. These include tightening loan-to-value ratios for housing loans, introducing stamp duties on property transactions, and shortening loan tenures.
- MAS
- Letters to Editor
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- MAS has also consulted the public on additional rules to promote the responsible use of credit cards and unsecured credit.
- MAS will continue to monitor the lending practices of FIs to ensure they maintain prudent practices, and reserves the option of applying the TDSR framework more broadly if the need arises in future. Angelina Fernandez Director (Communications) Monetary Authority of Singapore
- MAS’ current approach will therefore rest on supervision, rather than on further extension of the TDSR rule to non-property loans.
- MAS
- Parliamentary Replies
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- Financial institutions are required to investigate complaints and report to MAS misconduct committed by their representatives. MAS will engage financial institutions to remediate any weaknesses observed in advisory and sales practices.
- MAS will continue to work closely with financial institutions, their Board and Senior Management, as well as industry associations, to maintain trust in the financial sector. ***
- MAS has been working with the industry to promote fair dealing and ethical conduct. The banking and insurance industry associations have also established steering groups to strengthen culture and conduct, and improve sales and advisory standards.