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- Media Releases
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- The Monetary Authority of Singapore (MAS) urges individuals and businesses to use digital financial services and e-payments, and minimise visits to the premises of financial institutions (FIs).
- MAS encourages FIs to actively promote the use of these digital options and provide customers suitable guidance on how to use them. 3 MAS is working closely with The Association of Banks in Singapore (ABS) to promote greater adoption of e-payments among individuals and businesses.
- Supported by MAS, ABS will mount a sustained campaign to promote the use of PayNow, PayNow Corporate, and SGQR in the coming months.
- 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
- Speeches
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- As you are aware, MAS recently consulted on a set of proposals to address these risks.
- You would have read about the recent prohibition orders that MAS had issued against six individuals for the mis-selling of investment products.
- MAS will not hesitate to take enforcement actions where there is evidence of misconduct. We will spare no effort to weed out errant representatives from the industry.
- MAS
- Speeches
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- However, MAS recognises the need to update the categorisation of investment products as products become more well-established in the market and investors improve their understanding. 29 MAS recently consulted industry stakeholders on a complexity-risk rating framework that will allow for greater calibration
- Eligible corporate issuers can also offer new bonds to retail investors under the same terms as the seasoned bonds without a prospectus. 20 Second, MAS will be implementing an Exempt Bond Issuer Framework.
- the additional measures that the Government recently announced to strengthen retirement adequacy, such as the higher CPF contribution rates and salary ceiling, enhanced interest rates on the CPF balances of older Singaporeans, and a new Silver Support Scheme. 15 Therefore, the Government, through MAS
- MAS
- Economic Essays
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- They visited EPG, MAS in July and June 2012 respectively, under the MAS Eminent Visitor Programme. The views in this Special Feature are solely those of the authors and should not be attributed to MAS.
- policy-makers attention pay Monetary Authority of Singapore Economic Policy Group
- Monetary Authority of Singapore Economic Policy Group -------- 88 Macroeconomic Review, October 2012 that is not in one country across trade and the world financial Our research has also shown that such a risk panic can be global in nature.
- MAS
- Speeches
Last revised date:
- MAS recognised that distributed ledger technologies held the potential to empower an industry infrastructure for more efficient clearing and settlement of payments and securities.
- MAS and the industry learnt from each other, created new knowledge, and strengthened relationships, and we created a strong ecosystem that is willing to collaborate to build better together.
- At this juncture, allow me to share with you MAS’ journey on Project Ubin, and how this collaboration between the public and private sectors has led to payments innovation that will benefit the ecosystem.
- MAS
- Guidance
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- MAS held industry sharing sessions in October 2019 to share our observations with the industry following the thematic inspections. Note: This guidance sets out MAS supervisory expectations on effective controls to address the operational risks.
- MAS looks to the banks senior management to provide oversight and maintain high standards in this area. MAS will continue to engage banks on the effectiveness of their operational controls in Payments and EFT operations as part of our ongoing supervision.
- The banks have since addressed MAS findings, or are continuing to review solutions for areas requiring more effort, or support from head-office.
- MAS
- Parliamentary Replies
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- In 2018, MAS, ACRA and CAD commenced formal investigations into NGL and NRI. 8.
- MAS and ACRA, together with the Singapore Exchange Regulation (SGX RegCo), continually review and enhance the relevant regulatory and penalty regimes. For example: a.
- MAS has shared information regarding the case with the Hong Kong regulator and will work closely with them as needed. Measures to enhance regulatory oversight and enforcement 15.
- MAS
- Speeches
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- It also sets out procedures for the appointment of a new auditor where the resigning auditor is the sole auditor, including a reserve power for MAS to make such appointment. These requirements will allow MAS to prevent a listed business trust or its subsidiary from being left without an auditor.
- Mr Speaker, Sir, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS, I beg to move, “That the Bill be now read a second time”. Background 2.
- The Bill further introduces requirements for auditors of listed registered business trusts and their subsidiaries to seek MAS’ consent if they wish to resign before the end of their term.
- MAS
- Forms and Templates
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- After submission, FIs may view a record of their submission by logging into MAS-Tx .
- After submission, FIs may view a record of their submission by logging into MAS-Tx.