Showing 4089 Documents for "payment services"
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- MAS
- Enforcement Actions
Last revised date:
- 1 On 6 November 2014, MAS reprimanded finexis advisory Pte Ltd [“finexis”] for contravention of section 23B(3) of the FAA. 2 Section 23B(3) of the FAA stipulates that a principal shall not permit any individual to provide any type of financial advisory service on its behalf unless the individual is an appointed or provisional representative in respect of that type of financial advisory service. 3 The Company has contravened section 23B(3) of the FAA as it had allowed one
- MAS
- Media Releases
Last revised date:
- 13 April 2007, The Command House, Singapore Mr Peter Wuffli, Mrs Kathryn Shih, Distinguished Guests, Ladies & Gentlemen, 1 A very good afternoon to you all. I am delighted to join you here to celebrate the official opening of the UBS Wealth Management Campus - Asia Pacific. Asia's Prosperity 2 Asia’s growth trajectory upward is not only led by economic powerhouses China and India, but also a re-energised Japan, and an increasingly integrated ASEAN. This mounting prosperity has led to
- MAS
- Monetary Policy Statements
Last revised date:
- 12 October 2018 INTRODUCTION 1. In the April 2018 Monetary Policy Statement, MAS increased slightly the slope of the S$NEER policy band from the previous zero percent. There was no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate given that the Singapore economy was expected to remain on a steady expansion path, while MAS Core Inflation was projected to rise. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Apart
- MAS
- Media Releases
Last revised date:
- Singapore, 25 August 2022... Singapore has awarded Professor Sir David Philip Lane, Honorary Senior Fellow at A*STAR, and Mr Walter B. Kielholz, Honorary Chairman of Swiss Re Ltd (Swiss Re), with the Honorary Citizen Award for their invaluable contributions to Singapore. Mdm Halimah Yacob, President of the Republic of Singapore, conferred the awards on Professor Lane and Mr Kielholz at a ceremony held at the Istana today. 2 The award is the highest form of recognition bestowed by the Singapore
- MAS
- Speeches
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- Good morning and thank you for joining us. MAS and IBF are launching today the “Growing Timber” project – a series of monthly webinars and events focused on jobs and skills in the financial services sector. Jobs – the Central Economic Challenge of Our Times In August this year, at the Jackson Hole Economic Policy Symposium discussing the economic challenges facing the world, Senior Minister and Chairman MAS, Mr Tharman Shanmugaratnam, said: “The central problem is in creating enough jobs in the
- MAS
- Notices
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- Requirements for insurers on computing the total debt servicing ratio (TDSR) for property loans. This notice applies to all direct insurers in Singapore. It sets out the formula and parameters for insurers to compute the total debt servicing ratio, monthly total debt obligations and gross monthly income of borrowers. The notice also spells out the limit on monthly repayment instalments for the purchase of HDB flats and executive condominiums. See explainers: Rules for New Housing Loans Mortgage Equity
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Islamic Banking For Parliament Sitting on 04 Aug 1999 Question: To ask the Deputy Prime Minister if he will give a progress report on the introduction of Islamic banking facility in Singapore and whether his Ministry has any plan to encourage local and foreign banks to provide the facility in order to attract local and foreign deposits. Answer: 1. MAS allows banks in Singapore to offer Islamic banking products and services as part of
- MAS
- Consultations
Last revised date:
- Proposed enhancements to the examination framework for appointed representatives under the SFA and FAA, e.g. minimum academic qualifications under the Capital Markets and Financial Advisory Services Examination (CMFAS) and Continuing Professional Development (CPD) requirements. Response VIEW DOCUMENT Response to Feedback Received on CMFAS consultation paper (881.9 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Review of Competency Requirements for Representatives Conducting Regulated
- MAS
- Media Releases
Last revised date:
- Singapore, 21 February 2008...The Monetary Authority of Singapore (MAS) is seeking views on proposed Guidelines on Fair Dealing – Board and Senior Management Responsibility for Delivering Fair Dealing Outcomes to Consumers (Guidelines). 2 The Guidelines emphasise the responsibility of the Board and Senior Management of financial institutions (FIs) to deliver fair dealing outcomes when FIs provide financial advisory (FA) services to retail consumers. The fair dealing outcomes that FIs should strive
- MAS
- Media Releases
Last revised date:
- Singapore, 14 August 2020 … MoneySense has updated its outreach messages to help Singaporeans better manage their finances and stay resilient amidst the challenges posed by COVID-19. With a tagline of #stayunitedstayresilient, its 2020 Campaign will focus on helping Singaporeans manage their finances prudently, cope with tighter cash flows, minimise debt, and avoid scams. The campaign will run for 12 weeks from 14 August 2020. 2 The campaign will provide Singaporeans three resources to help strengthen