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- Speeches
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- Good morning, ladies and gentlemen. 2 I would like to thank IFPAS for inviting me to address you this morning. It is indeed my pleasure to be here, speaking to professionals from across the financial industries. Introduction 3 Prospects for the financial advisory industry in Singapore look bright. Several economic and demographic trends point towards continued growth for the financial advisory industry. The Singapore economy grew by a healthy 6.4% in 2005 and the growth momentum is expected
- MAS
- Speeches
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- H.E. Dr Lim Hong Hin, Deputy General Secretary of ASEAN for the AEC Mr Vincent Kwo, Chairman, ASEAN Insurance Council Ladies and Gentlemen ASEAN Economic Community 2015 I am delighted to join you this morning. 2. Seven years ago, the leaders of ASEAN articulated a bold vision 1 . Building on earlier progress in regional trade liberalisation and integration, ASEAN partners committed ourselves to become an ASEAN Economic Community (AEC) by 2015. With a population of over 600 million and combined
- PDPC
- Commission's Decisions
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- Directions were issued to The Law Society of Singapore to conduct a security audit of its technical and administrative arrangements for accounts with administrative privileges that can access directly and/or create access to personal data, and to rectify any gaps identified. This is pursuant to a data breach incident where The Law Society’s servers were subjected to a ransomware attack. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023] SGPDPC 4 Case No. DP-2102-B7850
- MAS
- Notices
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- Requirements on technology risk management for financial advisers. This notice applies to all licensed financial advisers and exempt financial advisers. It sets out requirements for a high level of reliability, availability and recoverability of critical IT systems and for financial advisers to implement IT controls to protect customer information from unauthorised access or disclosure. See also: FAQs - Notice on Technology Risk Management Response to Public Feedback for Consultation Paper - Notice
- MAS
- Notices
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- Requirements on technology risk management for insurers. This notice applies to all licensed insurers, except captive insurers and marine mutual insurers. It sets out requirements for the identification of critical systems, and for insurers to maintain high availability and recovery time objective for critical systems. Insurers are also required to notify MAS of relevant incidents according to the prescribed timeline and format. Insurers must also implement IT controls to protect customer information
- MAS
- Speeches
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- Distinguished guests, ladies and gentlemen Financial industry undergoing rapid change 1 Jobs roles in the financial industry are changing, but I think it’s happening in every industry, because of technology and digitalisation. It is affecting everybody. Innovation has become the new expectation, and I believe we are only at the beginning of this transformation, probably just at phase one. 2 From a national perspective, innovation is a double-edged sword. If we can embrace technology and
- PDPC
- Public Consultations
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- Feedback to PDPC Industry Engagement on NRIC Guidelines NTUC Social Enterprises -------- TABLLE OF CONTENTS ORGANISATIONS AND KEY CONTACT PERSON ......................................................................... 3 SUMMARY OF MAJOR POINTS [Redacted] ............................................................................... 4 COMMENTS TO QUESTIONS OUTLINED IN THE PUBLIC CONSULTATION DOCUMENT .......... 13 CONCLUSION ........................................................
- MAS
- Forms and Templates
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- Form for capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the cessation of a representative in any or all regulated activities, by the next business day. Form 8 is to be submitted on-line using the Corporations and Representatives System (CoRe) on MASNET . MASNET is a closed communication network system operated by the Authority which a capital markets services licensee or a financial institution exempt from holding CMS Licence under section
- MAS
- Media Releases
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- Singapore, 23 November 2020… Singapore and Chongqing co-organised the 3rd Singapore-China (Chongqing) Connectivity Initiative (CCI) Financial Summit. Speaking virtually at the opening ceremony today, Mrs Josephine Teo, Minister for Manpower, Singapore, highlighted that Singapore and Chongqing could jointly facilitate closer cooperation between ASEAN and Western China to strengthen the economic relationship with greater financial connectivity and trade through a digitalised CCI New International Land-Sea
- MAS
- Speeches
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- INTRODUCTION 1 I am happy to join you today at the Singapore Investment Forum, which also marks the launch of the Wealth Management Institute (WMI). 2 This symposium takes place at an opportune time. Economic prospects for East Asia are appreciably brighter than six months ago. Asia now faces a more favourable external environment with the end of the Iraq war, the abatement of SARS, and budding recovery in the G3 economies, particularly the US and Japan. Domestically, East Asian economies are