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    • MAS
    • Speeches

    Last revised date:

    • Vice Mayor Liu Guiping, distinguished guests, good morning Welcome to the Singapore-China (Chongqing) Financial Conference. I am delighted to see the strong level of interest in the Chongqing Connectivity Initiative. The Chongqing Connectivity Initiative The Chongqing Connectivity Initiative is the third government-led project between China and Singapore. First was Suzhou Industrial Park in 1994; And then Tianjin Eco-city in 2008. The Chongqing Connectivity Initiative, or CCI, is a significant project
    • MAS
    • Speeches

    Last revised date:

    • Securing the Future: A Challenge for the 21st Century Business Introduction 1   It gives me great pleasure to be here at the International Insurance Conference @ Singapore. I understand this is the 6th in the series of biennial conferences organised by the Singapore Insurance Brokers’ Association and for the first time, co-organised with the Singapore College of Insurance. We are pleased to note that this event draws a good mix of brokers, direct insurers and reinsurers. To start, let me make a few
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $9,000 was imposed on Singtel for failing to put in place reasonable security arrangements to prevent the unauthorised disclosure of personal data of some of its customers via its My Singtel mobile application. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 49 Case No. DP-1802-B1732 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Singapore Telecommunications Limited Organisation
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 20 September 2017…The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world. 2   The CSAP will advise MAS on strategies to enhance the cyber resilience of Singapore’s financial sector. Specifically, CSAP will provide MAS global perspectives on evolving technologies and cyber threats and their implications for financial services, as well as insights on best practices
    • MAS
    • Exemptions

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    • View exemptions issued under section 337(2) of the Securities and Futures Act for the period from 1 October 2021 to 31 December 2021. Issue Date: 25 January 2022 EXEMPTIONS ISSUED PURSUANT TO SECTION 337(2) OF THE SECURITIES AND FUTURES ACT 2001 (SFA) For the period from 1 October 2021 to 31 December 2021 S/N Exemption granted Exemption provision No. of exemptions provided Date of exemption granted Description 1 Exemption from requirement to hold a Capital Markets Services
    • MAS
    • Economic Essays

    Last revised date:

    • By the Economic Policy Group, Monetary Authority of Singapore This study was published as Special Feature A in the October 2020 Macroeconomic Review. 92 Macroeconomic Review | October 2020 Special Feature A Asian Monetary Policy Forum 20201 1 Introduction The 7th Asian Monetary Policy Forum was conducted virtually on 12 June 2020. As in past years, it was convened under the auspices of the Asian Bureau of Finance and Economic Research (ABFER) and co-organised by the University
    • PDPC
    • Public Consultations

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    • No. Submitted by 1 Yvonne Tan Date submitted 7/11/2017 2 Eunice Woo 7/11/2017 3 John Plate 7/11/2017 Comments from individuals Appreciated the change. However, the greatest threat is still with Acra. Anyone around the world can just pay around $5 to get these confidential personal information. And the worst is NRIC is our SingPass ID. It seems that there had been misuse of these information in the past esp when netizen just shared these info obtained from Acra or
    • MAS
    • Enforcement Actions

    Last revised date:

    • Singapore, 23 October 2020… The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Mr Kevin Michael Swampillai, a former representative and Head of the Wealth Management Services Department of BSI Bank Limited, Singapore Branch (BSIS) MAS withdrew BSIS’ merchant bank licence on 24 May 2016 and also imposed financial penalties amounting to S$13.3 million for breaches of MAS Notice 1014 – Prevention of Money Laundering and Countering the Financing of Terrorism
    • MAS
    • Letters to Editor

    Last revised date:

    • Dear Editor, We refer to the letters from Mr Sarvjeet Sharma (“Banking revolution may be bad news for employees”, 6 July) and Dr Patrick Liew Siow Gian (“Add value to roles that cannot be managed by technology”, 9 July) commenting on the growing use of technology and its impact on jobs. Technology is reshaping the way products and services are produced and consumed. To stay competitive, businesses have no choice but to harness technology so that they can serve their customers better.  The financial
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 23 October 2020… The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Mr Kevin Michael Swampillai, a former representative and Head of the Wealth Management Services Department of BSI Bank Limited, Singapore Branch (BSIS) MAS withdrew BSIS’ merchant bank licence on 24 May 2016 and also imposed financial penalties amounting to S$13.3 million for breaches of MAS Notice 1014 – Prevention of Money Laundering and Countering the Financing of Terrorism