Showing 3926 Documents for "business trust"
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- MAS
- Media Releases
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- Singapore, 2 November 2022… The Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) today launched eGuarantee@Gov, a simple and secure digital process for businesses and individuals to provide a banker’s guarantee or insurance bond (collectively, “guarantee”) to government agencies within a day. It was jointly developed with the Association of Banks in Singapore (ABS) Members of the ABS eBG Taskforce include DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited,
- MAS
- FAQs
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- Provides guidance to credit rating agencies (CRAs) and representatives on topics such as activities excluded from the definition of "providing credit rating services", persons to be registered as representatives of a CRA and the entry requirements for such representatives, and type of ancillary services that a CRA can offer. Monetary Authority of Singapore CREDIT RATING AGENCIES FREQUENTLY ASKED QUESTIONS -------- FAQs on Credit Rating Agencies Updated on 17 January
- MAS
- Media Releases
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- Singapore, 11 November 2019… The Monetary Authority of Singapore (MAS) has led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network. 2 This prototype network, developed by MAS in collaboration with J.P. Morgan and Temasek, has the potential to improve cost efficiencies for businesses. It is currently undergoing industry testing to determine its ability to integrate with commercial blockchain applications.
- MAS
- Media Releases
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- Singapore, 30 October 2017… The Monetary Authority of Singapore (MAS) today released the industry transformation map (ITM) for financial services, which outlined growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption. 2 Speaking at the launch of the ITM, Mr Ong Ye Kung, Minister for Education (Higher Education and Skills) and MAS Board Member, described MAS’ vision for Singapore to be a leading global financial centre
- MAS
- Media Releases
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- Singapore, 12 November 2019… The Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have collaborated to develop a prototype for an industry-wide FinTech Research Platform to help investors and financial institutions connect with FinTech start-ups that they can partner with or invest in. 2 Deloitte’s internal analysis discovered that investors and financial institutions currently do not have access to reliable and up-to-date company information of FinTech start-ups
- MAS
- Media Releases
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- Singapore, 7 November 2021… The sixth edition of the Singapore FinTech Festival (SFF) kicks off from 8 to 12 November. As the world’s largest FinTech event, this platform provides a unique opportunity for the global FinTech, innovation and business communities to connect, collaborate and network. 2 The week-long SFF will feature more than 350 sessions, over 700 speakers, over 260 exhibitors, and 14 international pavilions. The event will be streamed ‘live’ to over 60,000 participants, including representation
- MAS
- Speeches
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- " Prospering in a Rising Asia" Distinguished Guests, Ladies and Gentlemen, 1 Let me first welcome all of you to the Conference Board Symposium on Asian Economies and Financial Markets, held for the first time here in Singapore. ASIA'S COMEBACK SINCE THE FINANCIAL CRISIS 2 Asian economies have come a long way since the financial crisis in 1997. For six years they have had a tumultuous ride, marked by unexpected shocks and painful adjustments. The September 11th attacks were followed by the
- MAS
- Guidance
Last revised date:
- 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
- PDPC
- Commission's Decisions
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- A financial penalty of $20,000 was imposed on Civil Service Club for failing to put in place reasonable security arrangements to protect its members’ personal data. A web directory containing members’ profile photographs and their respective NRIC/FIN numbers was found to be publicly accessible. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2020] SGPDPC 15 Case No DP-1907-B4180 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012
- MAS
- Media Releases
Last revised date:
- Singapore, 2 May 2018…The Monetary Authority of Singapore (MAS) today announced that the third edition of the Singapore FinTech Festival will be held from 12 to 16 November 2018 in Singapore. 2. This year’s Festival will include two new elements. ASEAN FinTech Showcase – With Singapore’s Chairmanship of ASEAN in 2018, the Festival will highlight FinTech developments and opportunities in ASEAN and a showcase of innovative solutions from ASEAN countries. Artificial Intelligence in Finance Summit