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    • MAS
    • Parliamentary Replies

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    • Issues Raised in Parliament ANSWER TO PARLIAMENTARY QUESTION ON: Plans to Speed Up and Further Liberalise the Banking Sector to Foreign Competition For Parliament Sitting on 11 Feb 1999 Question: To ask the Deputy Prime Minister whether there are other plans to speed up and further liberalise the banking sector to foreign competition following the recommendation of the Monetary Authority of Singapore International Advisory Panel (IAP). 1 The MAS is liberalising the domestic banking sector, to allow
    • MAS
    • Media Releases

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    • Singapore, 25 June 2021… The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) announced today extensions to the enhanced training support measures to build capabilities and strengthen employability of the local workforce. These extended measures will be progressively reduced and cease on 1 July 2022. 2   Since the introduction of these measures in April 2020 and extension of training support (including the inclusion of deep-tech courses) in November 2020, training
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 25 June 2021… The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) announced today extensions to the enhanced training support measures to build capabilities and strengthen employability of the local workforce. These extended measures will be progressively reduced and cease on 1 July 2022. 2   Since the introduction of these measures in April 2020 and extension of training support (including the inclusion of deep-tech courses) in November 2020, training
    • MAS
    • Parliamentary Replies

    Last revised date:

    • QUESTION NO 3454 NOTICE PAPER 1393 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 03 October 2022 Name and Constituency of Member of Parliament Mr Leong Mun Wai, NCMP Question: To ask the Prime Minister under the Financial Services Industry Transformation Map 2025, involving $400 million in grant funding to the Talent and Leaders in Finance programme over 2021 to 2025 (a) who are the beneficiaries under this programme; (b) what are the targeted competencies which will be built under the
    • PDPC
    • Commission's Decisions

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    • A financial penalty of $5,000 was imposed on Worksmartly for breaches of the PDPA. First, the Organisation failed to put in place reasonable security arrangements to protect the personal data of its client’s employees. Second, it was also found to be retaining personal data which was no longer necessary for legal or business purposes. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2004-B6162 In the matter of an investigation under section 50(1) of the Personal
    • PDPC
    • Help & Resources

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    • A robust and resilient info-comm technology (ICT) system can help to protect against data breaches, thereby building consumer trust in organisations. It is important for organisations to develop good data protection practices in their ICT system and processes to improve their cybersecurity resilience as well as capabilities in data breach prevention. How to Guard Against Common Types of Data Breaches Common ICT Gaps in Data Breach Cases Coding Issues Configuration Issues Malware and Phishing Security
    • MAS
    • Media Releases

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    •  Singapore 11 September 2002... MAS today announced the implementation of the final phase of the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA), and issued subsidiary regulations to fully implement the 2 pieces of legislation.  This new regulatory regime governing Singapore?s capital markets will take effect on 1 October 2002. 2   The Securities Industry Act and the Futures Trading Act will consequently be repealed  . With the passage of the FAA, the Insurance Intermediaries
    • MAS
    • Speeches

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    •  Distinguished Guests, Ladies and Gentlemen 1   I am delighted to be here with you this morning at this Private Wealth Management Conference, jointly organised by CFA Institute (CFAI), Wealth Management Institute (WMI) and the Singapore Society of Financial Analysts (SSFA). 2   I will begin by outlining some of the key trends presented by Asia's rapid growth and wealth creation. I will then highlight some of the recent developments in Singapore, riding on these trends.  Of the number of issues,
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A warning was issued to Eagle Eye Security Management Services and MCST 3696 of Prive EC for failing to put in place any reasonable measures to prevent unauthorised access to a visitor logbook containing personal data. Click here to find out more. DECISION OF THE PERSONAL DATA PROTECTION COMMISSION Case Number: DP-1610-B0275 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And (1) (2) THE MANAGEMENT CORPORATION STRATA TITLE
    • PDPC
    • Commission's Decisions

    Last revised date:

    • PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 15 Case No DP-1705-B0799 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Spring College International Pte. Ltd. … Organisation DECISION -------- Spring College International Pte. Ltd. Mr Yeong Zee Kin, Deputy Commissioner — Case No DP-1705-B0799 24 May 2018 Background 1 This matter involves a private educational institution that posted information about its