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    • MAS
    • Monetary Policy Statements

    Last revised date:

    • MAS stands ready to intervene to dampen excessive volatility in the S$NEER should this become necessary.  MAS will also continue to closely monitor developments in the external environment and their impact on the Singapore economy. *** Related: Past Monetary Policy Decisions
    • 10 October 2008 INTRODUCTION 1   MAS has maintained the policy of a modest and gradual appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band since April 2004. 
    • Concomitantly, external and domestic inflationary pressures are likely to ease. 10   MAS is therefore shifting its policy stance to a zero percent appreciation of the S$NEER policy band. 
    • MAS
    • Regulations

    Last revised date:

    • RAVI MENON Managing Director, Monetary Authority of Singapore. [MPI-MIS 04/2014; AG/LLRD/SL/289/2010/8 Vol. 1]
    • RAVI MENON Managing Director, Monetary Authority of Singapore. [MPI MIS 032/2003; AG/LEGIS/SL/289/2015/5 Vol. 1] No.
    • RAVI MENON Managing Director, Monetary Authority of Singapore. [MPI-MIS 02/2016; AG/LEGIS/SL/289/2015/5 Vol. 1] S 542/2007; S 11/2008; S 139/2008; S 219/2008; S 223/2008; S 313/2008; No.
    • MAS
    • Regulations

    Last revised date:

    • RAVI MENON, Managing Director, Monetary Authority of Singapore. [MPI MIS 02/2016; AG/LEGIS/SL/289/2015/4 Vol. 1] No.
    • RAVI MENON Managing Director, Monetary Authority of Singapore. [MPI MIS 04/2014 Vol 1; AG/LLRD/SL/289/2010/7 Vol. 1]
    • RAVI MENON Managing Director, Monetary Authority of Singapore. [MPI MIS 032/2003; AG/LEGIS/SL/289/2015/4 Vol. 1] No.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 24 April 2023… The Monetary Authority of Singapore (MAS) today announced the launch of the Polytechnic Talent for Finance Scheme to encourage financial institutions to hire and train polytechnic students and graduates. 2 Speaking at a Growing Timber event today, Mr Alvin Tan, Minister of State
    • , Ministry of Culture, Community and Youth, and Ministry of Trade and Industry, and Board Member of MAS, shared that the financial sector offers good jobs and rewarding careers for polytechnic graduates.
    • The scheme will fund 50% of tuition fees, capped at S$10,000. 4 Ms Gillian Tan, Assistant Managing Director (Development and International), MAS, said, “Polytechnic graduates are a valuable talent pool for the financial sector.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 4 August 2022… The Monetary Authority of Singapore (MAS) today announced that Singapore’s S$2.4 billion inaugural sovereign green bond was priced at 3.04%.  S$2.35 billion of the 50-year bond (the “Aug-72 bond”) was placed with institutional and accredited investors. 
    • MAS will continue to support the pipeline of green sovereign bonds, as well as the broader development of green finance as an enabler of global efforts to mitigate climate change.”
    • The effective yield will be 3.04%, as determined through the institutional book-building process MAS retains the discretion to offer any unallocated bonds from the Public Offer to institutional investors. .
    • MAS
    • FAQs

    Last revised date:

    • Q25: What are the other types of risk requirements which MAS may impose by notice in writing on a CMSL?
    • (D) Classification in Forms required under Regulation 27 of the SF(FMR)R Q8: How should the CMSL report security deposits that are placed with MAS in Forms 1 and 2? A8: The CMSL should classify security deposits that are placed with MAS as other non-current assets in Form 1.
    • Must CMSLs obtain approval from MAS to rely on the exceptions under paragraph 3.2.2(d) and paragraph 3.2.3(d) of SFA 04-N13?
    • MAS
    • Financial Sector Development Fund Annual Report

    Last revised date:

    • It is controlled and administered by the Monetary Authority of Singapore (MAS or the Authority), located at 10 Shenton Way, MAS Building, Singapore 079117. The Authority provides administrative and accounting support to the Fund.
    • Regular updates are provided to the MAS management and the Minister-in- Charge.
    • The Fund seeks to generate good long-term returns subject to liquidity and risk parameters in support of its objects and purpose under Section 30B of the Monetary Authority of Singapore Act (Cap. 186, 1999 Revised Edition).
    • MAS
    • Media Releases

    Last revised date:

    • The Monetary Authority of Singapore (MAS) today announced the removal of the 20% aggregate foreign shareholding limit on finance companies with effect from 11 December 2002. 
    • As is the case with banks, there is no change to MAS' policy of not allowing a foreign takeover of a finance company. Substantial stakes of 5% and 20% in a finance company require MAS' approval.
    • finance companies to merge their foreign and local share tranches. 2   This removal follows the lifting of the 40% aggregate foreign shareholding limit for banks in 1999, which led to improved trading liquidity and the removal of price distortions in the market value of bank shares, without compromising MAS
    • MAS
    • Notices

    Last revised date:

    • MAS Notice MA-N-EXT 1/2012 on Prohibition on Transactions with the Iranian Government and with Iranian Financial Institutions dated 18 June 2012 is cancelled with effect from 28 January 2016.
    • MA-N-EXT 1/2012 (CANCELLATION NOTICE) 2016 28 January 2016 NOTICE TO FINANCIAL INSTITUTIONS MONETARY AUTHORITY OF SINGAPORE ACT, CAP. 186 PROHIBITION ON TRANSACTIONS WITH THE IRANIAN GOVERNMENT AND WITH IRANIAN FINANCIAL INSTITUTIONS 1.
    • This Notice is issued pursuant to section 27B of the Monetary Authority of Singapore Act (Cap. 186). 2.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 13 March 2020 … The Monetary Authority of Singapore (MAS) said today that the Singapore Dollar money market and foreign exchange market are functioning normally in the face of heightened volatility in global and domestic financial markets.
    • The nominal effective exchange rate of the Singapore Dollar has eased in an orderly manner within the MAS policy band, in line with weakening economic conditions. 3   MAS stands ready to ensure the orderly functioning of financial markets and the stability of the financial system in Singapore. ***
    • Financial markets globally have come under strain in reaction to the now-widespread COVID-19 outbreak. 2   MAS has left a higher level of liquidity in the banking system through its money market operations, and Singapore dollar interest rates have eased in tandem with global interest rates.