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    • MAS
    • Media Releases

    Last revised date:

    • These include: keeping apprised of scam advisories and alerts put out by SPF, National Crime Prevention Council, MAS and banks; referring to official sources, such as the MAS Financial Institution Directory and cards (e.g.
    • Singapore, 2 June 2022… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today announced additional measures to further safeguard customers from digital banking scams. These measures complement those announced on 19 January 2022 . 2.
    • Ms Ho Hern Shin, Deputy Managing Director (Financial Supervision), MAS, said, “The fight against scams requires vigilance across the ecosystem.  This further set of measures will strengthen customers’ ability to protect themselves against digital banking scams.
    • MAS
    • Circulars

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    • The survey was to help provide MAS with a better understanding of the hedge fund industry in Singapore. MAS also conducted a thematic inspection of hedge fund managers in the second half of 2007. The insights gained from the survey complement our observations from 2.
    • It sets out MAS observations, recommendations and expectations arising from the survey and thematic inspection of hedge fund managers in 2007. Circular No.
    • MAS expects the board and senior management of all licensed and exempt fund managers to maintain adequate oversight of their firms business for activities.
    • MAS
    • Exemptions

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    • The relevant persons exempted from section 309B(2) of the SFA were hence also granted exemption from compliance with the requirements of MAS Notice SFA 04-N12 and MAS Notice FAA-N16 in respect of any dealings in or transaction of the Offer.
    • MAS granted an exemption to these IDBs from holding a Capital Markets Services (CMS) licence for trading in futures contracts.
    • Related to this, 1 22 May 2018 MAS granted an exemption to an issuer from the requirement -------- exchange and relevant person of the classification of an Offer, and requirement of a relevant person to be notified of the classification before making the Offer MAS also exempted
    • MAS
    • Monetary Policy Statements

    Last revised date:

    • MAS is revising the forecast for MAS Core Inflation from 1.5-2% to 2.5-3% for 2012.  The forecast for CPI-All Items inflation in 2012 will also be raised from 2.5-3.5% to 3.5-4.5%.  Accommodation and COE costs will together account for as much as half of CPI-All Items inflation in 2012.
    • 13 April 2012 INTRODUCTION 1   MAS maintained the S$NEER policy band on a modest and gradual appreciation path in the last policy review in October 2011. 
    • Core inflationary pressures have persisted, but will likely ease in the latter half of the year. 9   MAS will therefore continue with the policy of a modest and gradual appreciation of the S$NEER policy band. 
    • MAS
    • Speeches

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    • In July , MAS’ Managing Director Mr Ravi Menon hosted the Singapore-China (Chongqing) Financial Conference.
    • In June this year , MAS announced the inclusion of RMB investments as part of Singapore’s Official Foreign Reserves.
    • Zheng Yang Distinguished Speakers and Guests Ladies and Gentlemen Introduction 1     Good afternoon, it is my pleasure to join you at the 2nd Shanghai-Singapore Financial Forum (SSFF). 2     In November last year, the Monetary Authority of Singapore (MAS) and the Shanghai Municipal Financial Services
    • MAS
    • Circulars

    Last revised date:

    • This has been conveyed in MAS Circular No. AMLD 01/2018 dated 8 January 2018.
    • FIs should also ensure that the implementation of the technology solution is in line with the MAS Technology Risk Management guidelines. 8
    • MAS expects the Board and senior management of FIs to maintain effective oversight of the 15 management of ML/TF risks and AML/CFT controls.
    • MAS
    • Economic Essays

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    • MAS (n.d.), Survey of Professional Forecasters (URL: https://www.mas.gov.sg/monetary-policy/MAS-Survey-of- Professional-Forecasters).
    • We compare the performance of these methods with the sample median used by MAS.
    • It should be noted that the SPF results do not represent MAS own views or forecasts. Every quarter, MAS reports the sample median and the empirical density of the forecasts from respondents.
    • MAS
    • Economic Essays

    Last revised date:

    • See MAS (2012).
    • He visited EPG, MAS in January 2015 under the MAS Eminent Visitor Programme. The views in this Special Feature are solely those of the author and should not be attributed to the FPC or MAS.
    • Monetary Authority of Singapore (2012), Singapores Macroprudential Surveillance Framework, Financial Stability Review 2012, pp. 6568.
    • MAS
    • Enforcement Actions

    Last revised date:

    • MAS expects directors and representatives of all financial institutions to ensure that any information submitted to MAS is complete and accurate. MAS also expects directors and representatives of all financial institutions to take steps to disclose and manage any conflict of interest.
    • 1              On 27 July 2017, MAS reprimanded Mr Toh Ee-Han for a contravention of section 329(1) of the Securities and Futures Act (“SFA”). 2              Section 329(1) of the SFA requires a person to ensure that the information he furnishes to MAS is not false or misleading in any material particular
    • Mr Toh contravened section 329(1) of the SFA, as he failed to disclose that he was a director and the sole shareholder of an investment company in his engagement with and regulatory submissions made to MAS on more than one occasion. 
    • MAS
    • Media Releases

    Last revised date:

    • and mutual assistance between MAS and CBUAE. 
    • The MOU will also facilitate staff training and technical assistance between MAS and CBUAE. 3   The MOU was signed by H.E. Sultan Bin Nasser Al Suwaidi, Governor, CBUAE and Ms Teo Swee Lian, Acting Managing Director, MAS, as part of Singapore’s President S.R.
    •  Singapore, 24 March 2009...The Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates (CBUAE), which supervises financial institutions in the United Arab Emirates. 2   The MOU provides a formal basis for supervisory cooperation