Showing 5563 Documents for "MAS"
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- MAS
- Media Releases
Last revised date:
- All applications should reach MAS by 15 March 2003. ***
- The Monetary Authority of Singapore (MAS) has re-opened applications for Wholesale Bank (WB) licences. This follows the announcement of its banking liberalisation programme of 29 June 2001, when MAS stated that it would grant 20 WB licences over the next two years.
- This move is in line with the shift by MAS from a three-tier bank licensing regime ' Full, Restricted and Offshore ' towards a more streamlined, two-tier licensing regime of Full and Wholesale Banks.
- MAS
- Media Releases
Last revised date:
- Bandar Seri Begawan, 23 January 2020 … Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) yesterday committed to new areas of cooperation, with the signing of an enhanced Memorandum of Understanding (MoU) on Bilateral Cooperation at the 3rd AMBD-MAS Bilateral Roundtable
- Ravi Menon, Managing Director, MAS and Rokiah Badar, Managing Director, AMBD at the signing ceremony ***
- . 2 The MoU, signed by AMBD Managing Director Rokiah Badar and MAS Managing Director Ravi Menon, builds on the longstanding cooperation between both countries in many areas, including the Currency Interchangeability Agreement.
- MAS
- Consultations
Last revised date:
- MAS expects Reporting Banks to, if required by MAS, be able to demonstrate how equity-index linked instruments will provide an effective hedge.
- MAS Response 9.3 MAS will remove the requirement for the transfer of securitised exposures and any retained securitisation exposures to the banking book.
- MAS Response 6.2 MAS maintains that, for hedging purpose, instruments should have remaining maturities of at least one year which is in line with Basel's requirement.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) has reached an agreement with the Singapore Exchange Ltd (SGX) for MAS to take over the responsibility for on-site inspection of brokers.
- This will come into effect on 1 July 2003. 2 The transfer of the inspection function from SGX to MAS is intended to provide greater clarity in regulatory responsibilities.
- It will also reduce duplication of work, and is part of the continuing efforts of both organisations to improve the efficiency of securities regulation in Singapore. 3 Currently, MAS has the authority to conduct inspection of SGX member companies, as well as trading and dealer representatives as they
- MAS
- Media Releases
Last revised date:
- Singapore, 14 July 2022…The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) today announced the renewal of the Bilateral Currency Swap Arrangement (BCSA) for a further term of five years, until 2027. 2 The BCSA has been a key pillar of co-operation between MAS and PBC since
- renewal was signed by MAS Managing Director Ravi Menon and PBC Governor Yi Gang and was effective from 13 July 2022
- Under the arrangement, MAS and PBC can access liquidity in each other’s currencies to support the financing of trade and investment, and to stabilise financial markets.
- MAS
- Media Releases
Last revised date:
- Singapore, 23 December 2004...The Monetary Authority of Singapore (MAS) today released a consultation paper on the draft Payment Systems (Oversight) Bill. 2 The draft Payment Systems (Oversight) Bill will provide a uniform basis for MAS' oversight of payment systems and stored value facilities in Singapore
- MAS invites comments on the draft Payment Systems (Oversight) Bill. The consultation paper and the draft Bill can be found at http://www.mas.gov.sg/publications/consult_papers/Reports_and_Consultation_Papers.html . 4 MAS requests that comments be submitted by 28 January 2005.
- . *** The "16 April 2003 Payment Systems Oversight Act" consultation paper and MAS' responses to the feedback received can be found at http://www.mas.gov.sg/publications/consult_papers/ConsultationPapers_Archive.html .
- MAS
- Circulars
Last revised date:
- Part IIB on Insurance Intermediaries), MAS Notice 211 and GIARR. 2 MAS expects agents to cooperate fully with ARB and ARBs appointed auditor.
- Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Circular No: ID 29/20 6 July 2020 To Chief Executives Direct General Insurers Dear Sir / Madam ANNUAL AUDITS CONDUCTED BY ARB ON AGENTS MAS supports the annual audits conducted by ARB on agents under
- MAS would like to remind insurers to take steps such that their agents cooperate fully with ARB and ARB's appointed auditor in these audits, including to promptly provide the information requested by the auditor for the purpose of the audit.
- MAS
- Media Releases
Last revised date:
- Singapore, 8 December 2021… The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) reaffirmed their close ties and commitment to strengthen supervisory cooperation at their annual MAS-CBIRC Supervisory Roundtable today.
- During the Roundtable, MAS and CBIRC discussed regulatory and supervisory developments in the banking and insurance sectors in each both jurisdictions.
- The Roundtable, in its 11th year, was held via video conference and chaired by MAS’ Deputy Managing Director Ms Ho Hern Shin and CBIRC’s Vice Chairman Mr Zhou Liang. 2.
- MAS
- Parliamentary Replies
Last revised date:
- Answer 1 The Monetary Authority of Singapore (MAS) introduced the cancellation period for unit trusts in July this year. This affords consumers an opportunity to reconsider a hasty investment decision made under the influence of pressure selling tactics of sales advisers.
- A breach of these requirements, including failure to make full disclosure, is an offence under the FAA, which would cause MAS to take appropriate action against the offender. 4 MAS does not, however, have the power to direct financial institutions to pay compensation to aggrieved consumers.
- Consumers may seek legal redress through the courts. 5 There is no need for MAS to extend the scheme to allow for refund of the original investment sum to consumers.
- MAS
- Speeches
Last revised date:
- MAS set up the FSDF in 1999 to support the development of Singapore as a financial centre. FSDF is controlled and administered by the Monetary Authority of Singapore (MAS), subject to the directions of the Minister-in-charge of MAS.
- This is important because it is not intended for MAS, in its capacity as FSDF’s administrator, to impinge on SGX’s capacity to make business decisions. This safeguard further enables MAS to play its roles as SGX’s regulator and FSDF’s administrator without conflict of interest. 6.
- In particular, consistent with the Original SGX Shares: SEL will hold the new SGX shares for the benefit of the FSDF; SEL will not be allowed to transact with the new SGX shares without the prior approval of or direction from the Minister-in-charge of MAS; SEL will not be able to exercise the voting