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- Speeches
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- Chairman and Council members of ABS, Ladies and Gentlemen It is my pleasure to join you at the 43rd ABS Annual Dinner this evening. The global economy: slower for longer 2 Since I addressed the ABS in 2014, the global economy has continued to recover. But growth has been lacklustre and uneven. Risks remain, not least the prospect of political instability and the possibility of a rise in protectionist tendencies in the major economies. 3 In the near term, the unexpected results of the UK’s EU
- MAS
- Guidance
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- This Compliance Toolkit aims to guide and facilitate merchant banks’ understanding and compliance with the various MAS approval, notification, and reporting requirements and timelines. Monetary Authority of Singapore COMPLIANCE TOOLKIT FOR MERCHANT BANKS Approvals, Notifications and Regulatory Submissions to MAS ISSUED NOVEMBER 2022 -------- Key Legislative, Regulatory Requirements and Guidelines Covered: Description of Document: Relevant to: Method of Submission:
- MAS
- Economic Essays
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- This study was published as Special Feature in the April 2010 Macroeconomic Review. 66 Macroeconomic Review, April 2010 and factors cyclical Special Feature Sources of Singapores Economic Growth 1990-200911 Introduction As the world economy emerges from the global financial crisis, countries need to look beyond short-term focus on supply-side drivers that will ensure sustainable growth over the longer term. Accordingly, the identification and
- MAS
- Speeches
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- "Building Human Capital for the New World and Beyond" 1 Good morning ladies and gentlemen. I would like to thank the Singapore Insurance Institute and its President, Mr Derek Teo, for inviting me to address you this morning. 2 The insurance industry has undergone significant changes over the last few years. There has been substantial consolidation amidst a demanding operating environment. At the same time, a number of countries in Asia have begun to liberalise their insurance markets, presenting
- MAS
- Speeches
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- Second Reading Speech by Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority Of Singapore Mr Speaker Sir, on behalf of the Senior Minister, I beg to move, "That the Bill be now read a Second time." 2 Sir, this Bill seeks to amend the Money-Changing and Remittance Businesses Act (Cap. 187). The amendments aim to refine and better reflect MAS' supervisory approach towards holders of remittance licences and money-changer's licences. I should state at the outset
- MAS
- Speeches
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- Introduction 1. A very good morning to everyone. To our guests from overseas, a very warm welcome to Singapore. It is good to know that this Conference is a sell-out event. Looking at the changes in the global financial landscape, this is indeed an opportune time for industry practitioners to gather and exchange views. Increasing Importance of Trust Services in Asia 2. All of you must be familiar with the Asian growth story so I will not belabor that point. In tandem with the phenomenal
- MAS
- Media Releases
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- Singapore, 23 April 2019 – A study The study is titled “The Impact of Wider Integration of Data Analytics and Automation on Manpower in the Singapore Financial Services Sector”. commissioned by the Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS) has set out how data analytics and automation are likely to augment or transform 121 job roles in Singapore’s financial sector over the next 3 to 5 years. The study, conducted by Ernst & Young over the last nine
- MAS
- Media Releases
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- Singapore, 5 May 2023... The Monetary Authority of Singapore (MAS) has imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement, following the widespread unavailability of DBS Bank’s digital banking services on 29 March 2023 and a subsequent disruption to its digital banking and ATM services on 5 May 2023. Together with the additional capital requirement imposed on DBS in February 2022 MAS Imposes Additional Capital Requirement on DBS Bank for Disruption of Digital Banking Services ,
- MAS
- Speeches
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- Professor Yeo Tiong Min, Dean of the School of Law, Singapore Management University Ladies and Gentlemen, good morning I am pleased to join you this morning at the Singapore Management University (SMU). I understand this is the 6th year that the Islamic Finance News Road-show is being held in Singapore. I congratulate the organisers Redmoney Group on this effort. The SMU is an appropriate venue for this event. The university has been a strong proponent for developing human capital for the Islamic
- 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