Showing 4746 Documents for "recognised market operator"
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- MAS
- Media Releases
Last revised date:
- 7 Jan 1998... Singapore operates a flexible exchange rate policy. MAS manages the Singapore dollar against a weighted basket of currencies of Singapore's main trading partners, and not against any single currency. The primary goal is to maintain price stability to foster long-term sustainable economic growth. This policy remains unchanged. While the Singapore dollar has weakened against the US dollar, Deutschemark and Sterling, it has appreciated substantially against the Ringgit, Rupiah and Baht
- MAS
- Media Releases
Last revised date:
- 23 May 2005...The Monetary Authority of Singapore (MAS) today signed a regulatory Memorandum of Understanding (MOU) with the China Insurance Regulatory Commission (CIRC), the authority responsible for regulation of the insurance industry in China. 2 The MOU paves the way for greater cooperation between the two regulators. MAS and CIRC first signed a MOU in 1999 to facilitate cooperation in training and exchange programmes. The new MOU expands the scope to the sharing of supervisory information
- MAS
- Enforcement Actions Media Releases
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- Singapore, 25 April 2022… The Monetary Authority of Singapore (MAS) has imposed civil penalties on, and issued prohibition orders (POs) against two former trading representatives, Ms Ngin Kim Choo and Mr Yeo Jin Lui, for false trading. Both executed a client’s instructions to purchase KS Energy Ltd (KSE) shares for the purpose of creating a false or misleading appearance with respect to the price of KSE shares. 2 Ms Ngin and Mr Yeo, who were trading representatives employed by CIMB Securities (Singapore
- MAS
- Guidance
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- MAS conducted a thematic review on banks’ operational controls in their Payments and Electronic Funds Transfer operations. This guidance sets out the key findings and recommends how banks should implement effective controls to address the operational risks. Banks should incorporate learning points from the guidance in a risk-based and proportionate manner, giving proper regard to the profile of their business activities. Banks should remain vigilant to the evolving nature and impact of payment
- MAS
- Speeches
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- Introduction I am very honoured to be invited to participate in this Conference on Global Financial Markets and in particular on the commodity markets. High food and fuel prices continue to hog the headlines nowadays. I am sure the proceedings of this Conference will attract strong interest. The Commodities World 2 The importance of commodities cannot be over-emphasised. Commodities are the critical raw materials that feed our peoples and our factories, and power our economies. In countries where
- MAS
- Media Releases
Last revised date:
- Singapore, 25 September 2007...According to the latest survey by the Bank for International Settlements (BIS), average daily foreign exchange (FX) turnover volume in Singapore jumped 84% from the previous survey in 2004, to reach US$231 billion in 2007. The survey ranks Singapore as the fifth largest FX centre in the world and the second largest in Asia, closely behind Tokyo. 2 The BIS Triennial Central Bank Survey – FX and Derivatives Market Activity in 2007 ( www.bis.org/press/p070925.htm
- MAS
- Parliamentary Replies
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- For Parliament Sitting on 1 March 2018 Name and Constituency of MP Assistant Professor Mahdev Mohan, Nominated Member of Parliament Question Acknowledging that the burden of maintaining market integrity no longer rests on regulatory bodies, but has substantially shifted to market participants who are expected to adhere to rules of responsible business conduct, I wish to ask PMO and MAS what is planned to promote good corporate governance practices among financial institutions. Answer by Mr Ong Ye
- MAS
- Speeches
Last revised date:
- Mdm Speaker, I beg to move, “That the Bill be now read a second time”. INTRODUCTION 2 Singapore’s financial centre has contributed significantly to our economic growth and development. However, the size and international reach of our financial sector also expose Singapore to money laundering and terrorism financing risks. To mitigate these risks, the Monetary Authority of Singapore (MAS) has in place a robust preventive regime that combines stringent admission and licensing requirements, rigorous
- MAS
- Media Releases
Last revised date:
- Singapore, 1 August 2016… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced today that the submission of entries for the FinTech Awards will be open from now till 31 August 2016. The FinTech Awards, comprising the MAS FinTech Awards and ABS Global FinTech Award, will be part of the inaugural Singapore FinTech Festival that will be held during 14 – 18 November 2016. The Awards recognise innovative FinTech solutions that have been implemented by FinTech
- MAS
- Media Releases
Last revised date:
- Singapore, 2 August 2016… The Monetary Authority of Singapore (MAS) today announced that it has set up an International Technology Advisory Panel (ITAP). The Panel will advise MAS on international developments in FinTech and how Singapore can harness new technologies to enhance the provision of financial services. The ITAP comprises chief innovation and science officers in major financial institutions, Fintech business leaders, venture capitalists, and thought leaders in technology and innovation