Showing 4566 Documents for "economic issues"
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- MAS
- Enforcement Actions
Last revised date:
- Singapore, 19 August 2020… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against a former insurance agent and a former bank employee for fraud and dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Aw Yong Seng, former representative of Prudential Assurance Company Singapore Pte Ltd (Prudential) 5 years Mr Chew Swee Sun Johnny, former representative of Bank of Singapore Limited (BOS) 3 years 2 The POs were issued against these individuals
- MAS
- Consultations
Last revised date:
- This consultation paper sets out MAS’ proposed revisions to the Guidelines on Corporate Governance for Designated Financial Holding Companies, Banks, Direct Insurers, Reinsurers and Captive Insurers which are incorporated in Singapore. MAS is proposing these revisions taking into account international standards and industry good practices. Response VIEW DOCUMENT Response to Feedback_Revisions to the Guidelines on Corporate Governance (723.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper
- MAS
- Consultations
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- Consultation Paper VIEW DOCUMENT Consultation Paper on IRB Approach Rollout and Exclusions (64.3 KB) CONSULTATION PAPER P013 - 2004 August 2004 IRB Approach Rollout & Exclusions -------- CONSULTATION PAPER: IRB APPROACH ROLLOUT & EXCLUSIONS AUGUST 2004 PREFACE The Basel Committee on Banking Supervisions (BCBS) document, International Convergence of Capital Measurement and Capital Standards: A Revised Framework (Basel II), prescribes the standards for the rollout of the
- MAS
- Speeches
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- Liberalising Commercial Banking and Upgrading Local Banks Date: 17 May 1999 1 The Government is introducing measures to liberalise the commercial banking sector and upgrade local banks. The aim is to move towards a more open and competitive environment, so as to spur the development and upgrading of local banks. This will strengthen our banking system, provide Singaporeans with quality banking services, and enhance our position as an international financial centre 2 Strong and well-managed local
- PDPC
- Commission's Decisions
Last revised date:
- Directions were issued to the National University of Singapore for failing to make reasonable security arrangements to prevent the disclosure of the personal data of some of its students. Click here to find out more. DECISION OF THE PERSONAL DATA PROTECTION COMMISSION Case Number: DP-1605-B0028 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And National University of Singapore ... Organisation Decision Citation: [2017] SGPDPC
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament Reply to PQ on the dual roles of SGX Date: For Parliamentary Sitting on 22 Feb 2001 Question: To ask the Deputy Prime Minister, should a conflict of interest arise for the Singapore Exchange in its role as both a regulator and operator of securities trading, what measures are in place to ensure that the public good is not compromised. Answer: 1 SGX performs two roles: to run the business of a stock/futures exchange and to ensure the integrity and efficiency of trading
- MAS
- Media Releases
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- Singapore, 20 May 2014… The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Koh Huat Heng for insider trading under Section 219(2)(a) of the Securities & Futures Act (SFA). 2 Mr Koh was a relationship manager and a Team Head in the Affluent Banking Unit of Malayan Banking Bhd (Singapore branch) (Maybank). On 18 June 2013, he purchased 140,000 shares in Sin Heng Machinery Limited (Sin Heng), a company listed on the Singapore Exchange Securities Trading
- MAS
- Speeches
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- Chief Justice Sundaresh Menon Justice Steven Chong Mr Timothy Massad, Chairman, US Commodity Futures Trading Commission Distinguished guests, colleagues, ladies and gentlemen, Bad Behaviour in Finance Six years ago, the Global Financial Crisis tipped national economies into recession and brought to their knees some of the most hallowed names in the financial industry. But the biggest casualty of the Crisis could well be trust: trust between regulators and financial institutions; trust among financial
- MAS
- Speeches
Last revised date:
- 1 Introduction - the Global scene This is an extraordinarily challenging time for the global insurance industry. As Song Keng puts it, we are still experiencing the aftershock of 9-11. Equity markets have experienced steep falls. Interest rates are at or near historical lows. Some general insurers have had to make large provisions for increases in claims over the past few years. These factors have affected insurers in different markets to varying degrees. Eg. European insurers have been
- MAS
- Speeches
Last revised date:
- Good evening. Thank you for inviting me to join you here today at the Welcome Dinner for the ISSA Regional Meeting for the Asia-Pacific. First of all, I would like to welcome our overseas guests to Singapore. We have the pleasure of dining at one of the highest restaurants in Singapore, and I’m sure you’ll enjoy not only the food but the magnificent view as well. 2. I noticed on the agenda for the ISSA Regional Meeting tomorrow that the G30 and ISSA Recommendations will feature in some of the