Showing 5563 Documents for "MAS"
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- MAS
- Monetary Policy Statements
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- On a year-ago basis, MAS Core Inflation is projected to pick up gradually into early next year, before easing in the second half of 2015. MAS Core Inflation is forecast to average 2–2.5% in 2014 and 2–3% in 2015. 9.
- Consequently, MAS Core Inflation is projected to stay above its historical average over the next few quarters even as CPI-All Items inflation remains subdued. 11. MAS will therefore maintain its policy of a modest and gradual appreciation of the S$NEER policy band.
- In April 2014, MAS maintained a modest and gradual appreciation path of the S$NEER policy band, with no change to its slope, width, and the level at which it was centred.
- MAS
- Parliamentary Replies
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- The transition has commenced, and MAS will set a deadline for all retail banks to complete this. 5.
- MAS expects banks to treat customers fairly in all cases of dispute over unauthorised transactions.
- Nevertheless, given the inherent vulnerability of the SMS channel, MAS has required banks to phase out SMS OTP as a sole factor to authenticate high-risk transactions.
- MAS
- Parliamentary Replies
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- MAS therefore does not have data on all SFOs. However, MAS has better data on SFOs that have applied for and been awarded the Section 13O and 13U tax incentives. 3.
- Moreover, MAS has yesterday just announced changes to the tax incentives for SFOs.
- Accordingly, MAS does not collect such data. What MAS will do is to continue to review the Sections 13O and 13U tax incentive schemes for SFOs to ensure they continue to make meaningful contributions to Singapore. 8.
- MAS
- Speeches
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- Under the provision that re-appointments of CEOs and other top officials of local banks have to be approved by MAS, is it possible that someone who has been a CEO of a domestic bank for many years could be removed by the MAS? A4.
- On the provision that the MAS can approve the nomination of a director or the re-nomination of director, what circumstances can you envision that MAS would withhold the approval of a director or the re-appointment of a director?
- If a bank drags its feet on appointing a Nominating Committee as required, what will the MAS do? Is there a deadline for appointing this Committee? A5.
- MAS
- Media Releases
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- First "Approved Marine Insurers" awarded by MAS Singapore, 7 November 2000...
- The Monetary Authority of Singapore ("MAS") announced today that it has awarded new Approved Marine Insurer ("AMI") statuses to a first batch of three insurance companies, in its move to develop Singapore as the marine insurance centre for Asian business.
- Mrs Hauw highlighted that MAS' role as a regulator is to ensure that a conducive regulatory framework is in place to encourage innovation, whilst ensuring that Singapore's existing high prudential standards are not compromised.
- MAS
- Parliamentary Replies
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- To do this, MAS is driving a multi-prong approach. 4. First, to encourage financial institutions to upgrade the skills of their staff in data analytics, MAS launched a $27 million Artificial Intelligence and Data Analytics (AIDA) Grant scheme last year.
- MAS is working with the MOM and WSG to pilot the Capability Transfer Programme to bring in expert professionals in these areas, and facilitate the transfer of capabilities to our local professionals. 8.
- For example, MAS partnered local polytechnics in the PolyFinTech 100 initiative, and has equipped more than 1,500 students with skillsets relevant to FinTech. 7. However, growing our own timber takes time.
- MAS
- Media Releases
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MAS Finalises Proposed Enhancements to Deposit Insurance Scheme and Policy Owners’ Protection Scheme- MAS intends to effect the enhancements to the DI Scheme and PPF Scheme on 1 April 2019.
- The Monetary Authority of Singapore (MAS) has finalised proposed enhancements to the Deposit Insurance (DI) Scheme and Policy Owners’ Protection (PPF) Scheme. This follows from the public consultations in September 2014, April 2017 and August 2017 1 .
- MAS’ responses to the feedback received can be found on the MAS website in this link (1.2 MB) . Additional Information (A) DI Scheme (i) The DI Scheme in Singapore was established in 2006 with the primary objective of protecting small depositors.
- MAS
- Media Releases
Last revised date:
- Singapore, 1 February 2007...The Monetary Authority of Singapore (MAS) and the Ministry of Law (MinLaw) have jointly issued their responses to feedback received from a public consultation on the proposed changes to the unsecured credit rules and the proposed application of these rules to moneylenders
- The responses of MAS and MinLaw to the feedback received can be viewed online at the Reach Portal at: http://app.reach.gov.sg/olcp/asp/ocp/ocp01d1.asp?id=3763 .
- The changes attempt to maintain a balance between allowing responsible borrowing and the Government's social policy of discouraging individuals from spending beyond their means. 3 The wide range of feedback that MAS and MinLaw received on the proposed changes reflects the challenges of maintaining
- MAS
- Media Releases
Last revised date:
- MAS welcomes this. Others have some way to go and we expect greater effort on their part to expedite their complaints review.
- I will continue to work with DBS to ensure that all complaints meet the service standards set by MAS, and are handled in a prompt, equitable and thorough manner."
- I am working closely with the stockbrokers and MAS to ensure that all complaints are handled in a fair and transparent manner with priority given to vulnerable investors."
- MAS
- Media Releases
Last revised date:
- Singapore, 13 June 2014…The Monetary Authority of Singapore (MAS) announced today that a facility for providing overnight Renminbi (RMB) liquidity to financial institutions in Singapore will be launched on 1 July 2014.
- Details of the overnight RMB liquidity facility will be made available on MAS’ website on 1 July 2014. 3 MAS Deputy Managing Director, Ms Jacqueline Loh, said: “As the volume of RMB activities grows in Singapore, the overnight RMB liquidity facility will help alleviate end-of-day funding strains of
- MAS’ Overnight RMB Liquidity Facility 2 The overnight RMB liquidity facility will provide up to RMB 5 billion in overnight funds on any given day.