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- Singapore, 3 February 2009...On 30 October 2008, the Monetary Authority of Singapore (MAS) joined global central banks in establishing a temporary reciprocal currency arrangement (swap line) of US$30 billion with the US Federal Reserve.
- MAS has not needed to draw on the swap facility and judges that it is not necessary to do so at this time, but will continually assess the need as global conditions develop. 4 MAS stands ready to take measures necessary to strengthen the orderly functioning of financial markets and the stability of
- Authority of Singapore, the Sveriges Riksbank, and the Swiss National Bank. 3 The swap facility represents on-going co-operation between the Federal Reserve and MAS to enhance the robustness of the US dollar funding and foreign exchange markets in Singapore by reassuring global financial institutions
- MAS
- Media Releases
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- This enhancement is part of the Monetary Authority of Singapore’s (MAS) broader effort to expand the range of simple, low-cost investment options available to retail investors. Previously, all investment funds which used derivatives were classified as Specified Investment Products (SIPs).
- MAS has taken on board industry feedback that funds which make limited use of derivatives are relatively less complex and should be made more accessible to retail investors.
- The amended MAS Notices can be found at the following links: Notice on the Sale of Investment Products [SFA 04-N12] and Notice on Recommendations on Investment Products [FAA-N16] .
- MAS
- Parliamentary Replies
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- and MND estimates based on data from MAS, HDB and DOS. 2 MAS has taken a series of measures in recent years to encourage financial prudence among Singapore households.
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 The debt servicing ratios 1 of Singapore resident households have improved since the introduction of the Total Debt Servicing Ratio (TDSR) framework in June 2013.
- MAS has also introduced regulations on unsecured credit to help individuals with credit problems avoid accumulating further debt. 3 These measures have helped to moderate the annual growth in household debt to 2.5% in Q2 2016, down from about 7.4% over the last five years.
- MAS
- Media Releases
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- MAS will continue to work closely with our stakeholders to smoothen the transition.”
- Singapore, 21 February 2013 … The Monetary Authority of Singapore (MAS) announced today that a new coin series will be issued for circulation by the middle of 2013. 2 The new Singapore Third Series coins will feature five of Singapore’s national icons and landmarks: Merlion, a traditional symbol of
- MAS has also been working with businesses with coin-operated facilities such as vending machine operators and supermarkets to prepare them for the launch. 8 For more information on the new series coins, please visit http://www.mas.gov.sg/newcoins .
- MAS
- Media Releases
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- Singapore, 18 January 2016… The Monetary Authority of Singapore (MAS) announced today that the “good-as-new” $2 note initiative has been well-received since its introduction in 2013.
- MAS thanks ABS, East View Primary School, SBS Transit and People’s Association for their support. ***
- As such, MAS will continue to work with the Association of Banks in Singapore (ABS) and other partners to further promote the use of “good-as-new” $2 notes for the coming Lunar New Year.
- MAS
- Media Releases
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- Ms Phua cooperated fully with MAS in the course of the investigation. 5 The matter was referred to MAS by SGX-ST. *** Notes to Editor (A) The civil penalty regime (i) A civil penalty action is not a criminal action and does not attract criminal sanctions.
- Singapore, 18 November 2013… The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Ms Phua Lay Leng for insider trading under Section 218(2)(a) of the Securities & Futures Act (SFA). 2 Roxy-Pacific Holdings Limited (Roxy-Pacific), a company listed on the Singapore
- (ii) Under section 232 of the SFA, MAS may enter into an agreement with any person for that person to pay, with or without admission of liability, a civil penalty for contravening any provision of Part XII of the SFA.
- MAS
- Letters to Editor
Last revised date:
- Angelina Fernandez (Ms) Director (Communications) Monetary Authority of Singapore
- They are required under Monetary Authority of Singapore (MAS) Notice 320 on Management of Participating Life Insurance Business to set out the methodology for deriving the asset share, along with other processes and controls.
- In 2007, MAS Notice 320 was introduced to enhance disclosure requirements of all existing and new participating products.
- MAS
- Enforcement Actions Media Releases
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- Ms Yuen then furnished these documents to MAS in the course of investigations.
- in documents of PACS under section 85(1)(a) of the FAA, 2 counts of furnishing the said falsified documents to MAS under section 76(2) of the FAA, 1 count of providing false or misleading information to an investigating officer of MAS during an interview under section 71I(3) of the FAA, and 1 count
- Ms Yuen was further charged for an offence under the Penal Code 2 (PC). 2 On 14 September 2018, while being an insurance agent of PACS, Ms Yuen was notified to attend an interview with MAS to record a statement in connection with an ongoing investigation.
- MAS
- Media Releases
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- Ravi Menon, Managing Director of MAS, said, “The enhancements to the MAS-BSP FinTech Cooperation Agreement will help fast track payments connectivity between Singapore and the Philippines.
- Singapore/Philippines, 8 November 2021… The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) today signed an enhanced FinTech Cooperation Agreement (CA) to facilitate interoperable payments between Singapore and the Philippines.
- The enhanced CA builds on the earlier 2017 agreement to broaden the scope of FinTech collaboration and partnership between MAS and BSP. 2. The CA will facilitate the linkage of both countries’ real-time and QR payment systems, to provide instant, seamless and low-cost cross-border payments.
- MAS
- Notices
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- MAS - MAS 108 - Staff Agency Business MAS 108 31 Jan 1995 Page 1 of 2 NOTICE TO ALL INSURERS INSURANCE ACT, CAP 142 Note: This Notice does not apply to reinsurers and captive insurers. This Notice replaces MAS 108 dated 15 Dec 92.
- The register shall include particulars such as: http://www.mas.gov.sg/print/legislation_guidelines/insurance/notices/MAS_108__Staff_Ag... 29-05-12 -------- MAS - MAS 108 - Staff Agency Business Page 2 of 2 a) Name and designation of staff; b) Name and date of appointment of agency; c) Rate of commission