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- MAS
- Speeches
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- 41st Association of Banks in Singapore Annual Dinner Raffles City Convention Centre, Tuesday, 24 June 2014 “Making the Banking System More Resilient” Chairman and Council members of ABS, Ladies and Gentlemen It is my pleasure to be here this evening. An Uneven Global Recovery 2 The global economy continues to recover. Economic activity in the US has rebounded from a weak start, and is expected to pick up pace in the second half of 2014. The Eurozone and Japan should post modest growth for the
- MAS
- Economic Essays
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- This study was published as Special Feature B in the October 2011 Macroeconomic Review. Special Features 77 Special Feature B Capital Flow Waves by Kristin J. Forbes and Francis E. Warnock1 Introduction in in Many countries experienced extreme movements or waves of international capital flows in the 1980s and 1990s, and capital flow volatility have the past decade. increased even more late 2001, surged Capital flows dried up throughout the mid
- MAS
- Speeches
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- Mr Marc Haushofer, Mr Sivam Subramaniam, Distinguished Guests, Ladies and Gentlemen, Introduction Good morning. I am delighted to be able to join all of you today at the 16th SIRC in Singapore. To our delegates from overseas, a warm welcome to Singapore. I hope you will have an enjoyable stay here, and fruitful discussions with everyone gathered at this conference. 2 The theme for this year’s SIRC – “Winds of Change” – is timely. The global economy is undergoing a tumultuous period of change,
- PDPC
- Commission's Decisions
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- GrabCar Pte. Ltd [2019] SGPDPC 15 COMMISSIONER FOR PERSONAL DATA PROTECTION Case No DP-1801-B1526 [2019] SGPDPC 15 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And (1) GrabCar Pte. Ltd. (UEN No. 201427085E) DECISION … Organisation 1 -------- GrabCar Pte. Ltd [2019] SGPDPC 15 GrabCar Pte. Ltd. Tan Kiat How, Commissioner — Case
- PDPC
- Commission's Decisions
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- A financial penalty of $16,000 was imposed on GrabCar for failing to put in place reasonable security arrangements to protect the personal data of its customers from unauthorised disclosure. Personal data of a customer was disclosed to one other customer via an email sent out by GrabCar. Click here to find out more. GrabCar Pte. Ltd [2019] SGPDPC 15 COMMISSIONER FOR PERSONAL DATA PROTECTION Case No DP-1801-B1526 [2019] SGPDPC 15 In the matter of an investigation
- MAS
- Consultations
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- This consultation paper sets out the proposed legislative amendments to the Insurance Act (Cap. 142) on several areas such as classification of reinsurance of liabilities, statutory deposit requirement, supervisory cooperation and exchange of information between MAS and foreign regulators, and ownership and control of insurers incorporated in Singapore. Response VIEW DOCUMENT Response to Feedback: Proposed Amendments to the Insurance Act (127.1 KB) Consultation Paper VIEW DOCUMENT Consultation Paper
- MAS
- Economic Essays
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- This study was published as Special Feature C in the April 2019 Macroeconomic Review. 100 Macroeconomic Review, April 2019 Special Feature C Revisiting Monetary Policy Autonomy In Asia And Beyond: Trilemma, Dilemma Or 2.5 Lemma? by Ramkishen S. Rajan1 Introduction Following the Asian Financial Crisis of 199798 and consequent collapse of the soft US dollar pegs, emerging market and developing economies (EMDEs) in Asia grappled with the question of the appropriate
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received on Related Party Transaction Requirements for Banks (905.5 KB) Annex C (Supplement) - Feedback Received for Consultation on Related Party Transaction Requirements for Banks (3.5 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on Related Party Transaction Requirements for Banks 2016 (626.9 KB) RESPONSE TO FEEDBACK RECEIVED November 2016 Response to Feedback Received Related Party Transaction Requirements for Banks Monetary
- MAS
- Consultations
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- The Basel Committee on Banking Supervision (BCBS) has published total loss-absorbing capacity (TLAC) holdings – Amendments to the Basel III standard on the definition of capital, which sets out the regulatory capital treatment of banks’ investments in TLAC and proposed amendments to MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore to implement the relevant requirements under the final standard issued by the Basel Committee on Banking Supervision. Response
- MAS
- Consultations
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- This consultation sets out MAS’ proposed regulations relating to anti-money laundering and countering the financing of terrorism, applicable to variable capital companies incorporated under the Variable Capital Companies Act. Response VIEW DOCUMENT Response to Feedback received on AMLCFT Notice for VCCs (811.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on the Proposed AML/CFT Notice for Variable Capital Companies (711.6 KB) RESPONSE TO FEEDBACK RECEIVED 15 January 2020 Proposed