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- MAS
- Media Releases
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- Singapore, 6 April 2015… The Monetary Authority of Singapore (MAS) will phase in the borrowing limit on unsecured credit facilities over four years to give affected borrowers more time to gradually reduce their debts. 2 MAS announced in September 2013 that it planned to prohibit financial institutions
- Note: For more information on the borrowing limit, please refer to MAS’ FAQs on the revised credit card and unsecured credit rules (FAQs 25-32).
- Note to Editor MAS has also put in place two other measures: • For a transition period, FIs will have the flexibility not to suspend credit for borrowers whose outstanding unsecured debt already exceeds 12 times their monthly income before 1 June 2015.
- MAS
- Notices
Last revised date:
- Requirements for all financial institutions, excluding money brokers, approved under section 28 of the MAS Act on the reporting of suspicious activities and incidents of fraud. This notice applies to all financial institutions, excluding money brokers, approved under section 28 of the MAS Act.
- MAS 1112 under the Monetary Authority of Singapore Act (Cap. 186) 1 Identification details of reporting financial institution Reporting FI: Reporting Officer: (CEO / Principal Officer / Director) Designation: Contact Officer: (if different from Reporting Officer) Designation:
- The expressions used in this Notice shall, except where expressly defined in this Notice No. : MAS 1112 Issue Date: 23 January 2013 NOTICE ON REPORTING OF SUSPICIOUS ACTIVITIES & INCIDENTS OF FRAUD Introduction This Notice is issued pursuant to section
- MAS
- Parliamentary Replies
Last revised date:
- The EC has assessed MAS’ CRA regulatory regime to be less prescriptive than EU rules in certain areas, such as in defining specific situations in which a conflict of interest for the CRA arises. MAS takes a more principles-based approach.
- Dr Lim asked how MAS’ regulations on CRAs compare to those in the EU. Mr Leon Perera also raised a similar question for the next Parliament Sitting. 4.
- MAS’ CRA regulatory regime is based on, and consistent with, standards promulgated by the International Organisation of Securities Commissions (IOSCO), which is the global standard setting body.
- MAS
- Media Releases
Last revised date:
- Singapore, 27 May 2022… The Monetary Authority of Singapore (MAS) announced today the launch of the 7th edition of the Global FinTech Hackcelerator, with the theme “Accelerating A Greener Digital Future”.
- Mr Sopnendu Mohanty, Chief FinTech Officer, MAS said, "We are at the precipice of a major shift in the delivery of financial services.
- All FinTech firms and solution providers are encouraged to submit their applications for the MAS Global FinTech Hackcelerator here by 26 June 2022. ***
- MAS
- Speeches
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- Keynote Address by Mr Koh Yong Guan, Managing Director, at the MAS Capital Markets Seminar 2002 Date: 2 May 2002 MAS Capital Markets Seminar Ladies and Gentlemen Good morning and a warm welcome to the MAS Capital Markets Seminar.
- Since the mid-1990s, MAS has entered into a number of such MOUs to ensure that the level of regulatory collaboration keeps pace with the capital market linkages that are in place.
- Failure to do so will result in regulatory arbitrage and cause activities to migrate towards looser controls. 29 In Singapore, the regulators for banking, securities and insurance activities are consolidated in MAS.
- MAS
- Speeches
Last revised date:
- In MAS, we have started using techniques such as clustering and network analysis in our supervision of the financial markets and monitoring of AML/CFT risks.
- MAS has collaborated with the Financial Services Information Sharing and Analysis Centre (FS-ISAC) to establish an Asia Pacific (APAC) Regional Intelligence and Analysis Centre.
- The MAS and UK FCA are open to both regulated entities and FinTech start-ups. Supervisory technology or SupTech The second aspect of our approach that I want to highlight is SupTech.
- MAS
- Speeches
Last revised date:
- In fact, MAS had adopted a closed-door policy to direct insurers since 1990. In 2000, MAS liberalised the insurance industry, lifting the closed-door policy on direct insurers and the 49% foreign shareholding limit in locally owned direct insurers.
- MAS will also seek to increase breadth in the industry by promoting growth in emerging business lines, such as cyber risks. Lack of data is a key hurdle for cyber insurance in Asia.
- MAS supports this initiative and has been working with the industry to implement the new standards. Third, creating more platforms to bring buyers and sellers together. This conference is a good example.
- MAS
- Economic Essays
Last revised date:
- Monetary Authority of Singapore Economic Policy Group
- The views in this Special Feature are solely those of the author and should not be attributed to MAS.
- Monetary Authority of Singapore Economic Policy Group -------- Special Features 83 Imbs, J and Wacziarg, R (2003), Stages of Diversification, American Economic Review, Vol. 93(1), pp. 63-86.
- MAS
- Notices
Last revised date:
- (MAS Act) and applies to all exempt persons.
- MAS Notice PSN01AA dated 11 February 2021. (a) MAS Notice PSN01AA (Amendment) 2021 with effect from 2 July 2021. 28 -------- Appendix 1 1.
- [MAS Notice PSN01AA (Amendment) 2021] [MAS Notice PSN01AA (Amendment) 2021] Finance companies licensed under section 6 of the Finance Companies Act (Cap. 108).
- MAS
- Parliamentary Replies
Last revised date:
- Given Singapore's position as a major financial centre, MAS has an interest in higher disclosure standards and is participating in such studies.
- MAS will continue to emphasise financial institutions' reporting of large trades and positions as well as compliance with prudential exposure limits.
- This has fostered the use of innovative investment techniques in these centres. 7 MAS therefore has no blanket policy either to ban or to attract hedge funds.