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- MAS
- Monetary Policy Statements
Last revised date:
- 14 October 2014 INTRODUCTION 1. In April 2014, MAS maintained a modest and gradual appreciation path of the S$NEER policy band, with no change to its slope, width, and the level at which it was centred. This policy stance, which has been in place since April 2012, was assessed to be appropriate for containing domestic and imported sources of inflation amid the ongoing economic restructuring. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Over the last six months, the S$NEER fluctuated
- MAS
- Monetary Policy Statements
Last revised date:
- 13 April 2017 INTRODUCTION 1. In the October 2016 Monetary Policy Statement (MPS), MAS kept the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band at zero percent, with no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate given the subdued outlook for growth and inflation. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2. Following the October 2016 MPS, the S$NEER has fluctuated
- MAS
- Enforcement Actions
Last revised date:
- 1 On 24 December 2014, MAS reprimanded JPMorgan Chase Bank, N.A., Singapore Branch [“JPMorgan”] for contraventions of section 23B(3)(a) of the FAA and section 99B(3)(a) of the SFA. 2 Section 23B(3)(a) 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. Section 99B(3)(a) of the SFA
- SSO
- Legislation
Last revised date:
- Meaning of “specified message” 37. —(1) Subject to subsection (5), for the purposes of this Part, a specified message is a message where, having regard to the following, it would be concluded that the purpose, or one of the purposes, of the message is an applicable purpose: ( a ) the content of the message; ( b ) the presentational aspects of the message; ( c ) the content that can be obtained using the numbers, URLs or contact information (if any) mentioned in the message; ( d ) if the telephone
- SSO
- Subsidiary Legislation
Last revised date:
- Service of documents 23. —(1) Unless any provision of these Regulations or the Appeal Committee requires the document to be served personally, any document required to be sent to or served on any person for the purposes of any appeal proceedings may be — ( a ) delivered to that person’s appropriate address; ( b ) sent to that person’s appropriate address by post; or ( c ) sent in such other manner as may be agreed between the person serving and the person to be served. (2) For the purposes of paragraph
- SSO
- Subsidiary Legislation
Last revised date:
- Service of documents 23. —(1) Unless any provision of these Regulations or the Appeal Committee requires the document to be served personally, any document required to be sent to or served on any person for the purposes of any appeal proceedings may be — ( a ) delivered to that person’s appropriate address; ( b ) sent to that person’s appropriate address by post; or ( c ) sent in any other manner as may be agreed between the person serving and the person to be served. (2) For the purposes of paragraph
- MAS
- Speeches
Last revised date:
- Professor Tan, ladies and gentlemen, 1 Good morning. It is my pleasure to join you today. The theme of this symposium is germane as technological innovations and new business models continue to transform the financial industry. 2 I would like to share some thoughts in two areas – implications of the digital age for the industry, and our approach to regulation in the fast evolving landscape. Implications of the digital age 3 A common refrain we hear is that the broking industry is no longer
- MAS
- Media Releases
Last revised date:
- Singapore, 7 February 2022... 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 during 23-25 November 2021. MAS has required DBS Bank to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk. This translates to an additional amount of approximately S$930 million in regulatory capital (based on reported financial statements as at
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 19 December 2017…The Monetary Authority of Singapore (MAS) announced today that it has issued a lifetime Prohibition Order (PO) against Mr Yeo Jiawei and a 3-year PO against Mr Kevin Scully. Both POs take effect from 18 December 2017. MAS had earlier served notices of intention to issue POs against Mr Yeo and Mr Scully in October and May 2017 respectively. Including these latest actions, MAS has issued to-date POs against a total of eight persons involved in 1MDB-related breaches. Mr Yeo
- MAS
- Media Releases
Last revised date:
- Singapore, 19 December 2017…The Monetary Authority of Singapore (MAS) announced today that it has issued a lifetime Prohibition Order (PO) against Mr Yeo Jiawei and a 3-year PO against Mr Kevin Scully. Both POs take effect from 18 December 2017. MAS had earlier served notices of intention to issue POs against Mr Yeo and Mr Scully in October and May 2017 respectively. Including these latest actions, MAS has issued to-date POs against a total of eight persons involved in 1MDB-related breaches. Mr Yeo