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- It reduces the duration of transporting goods between China and ASEAN to one-third the time. ) (“ 金融互 联互通 · 服 务 “ 一 带一路 ”— 金融 开放创新助推陆海新通道 ”). 2 Mr Ong Ye Kung, Minister for Education and Board Member of the Monetary Authority of Singapore (MAS), in his welcome address at the Summit, noted that financial
- There will also be an exchange of ideas and developments in other areas of common interest such as financial technology, green finance, as well as trade, logistics and supply chain financing. 4 Mr Ravi Menon, Managing Director, MAS said, “The CCI Finance Pillar has expanded beyond connecting Chongqing
- The Summit is co-organised by the Monetary Authority of Singapore, the Ministry of Trade and Industry’s Chongqing Connectivity Initiative Office, the China Ministry of Commerce, the People’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission
- MAS
- Media Releases
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- Singapore, 14 June 2022… The Monetary Authority of Singapore (MAS), in partnership with the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP), today launched an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia
- This knowledge is a real catalyst, and an important reason as to why UNDP is delighted to collaborate with IFC and the Monetary Authority of Singapore in this important initiative.
- This information will help businesses involved in cross-border trade obtain easier access to financing. 5 Sopnendu Mohanty, Chief FinTech Officer of MAS, said, “An empowered MSME is essential to an equitable and sustainable digital economy. Such enablement begins with digital economy literacy.
- MAS
- Media Releases
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- MAS has also entered into MoUs with other securities and futures regulators.
- The MoU was signed by MAS Deputy Managing Director Mr Tharman Shanmugaratnam and BAWe Chairman Mr Georg Wittich in Sydney.
- The MAS announced today that it has signed a Memorandum of Understanding (MoU) with Germany's securities and futures regulator, Bundesaufsichtsamt fur den Wertpapierhandel (BAWe).
- MAS
- Media Releases
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- The photographs and TV news broadcast of Mr Nazaruddin Mohsen displaying copies of letters to him from the MAS and SES may have given the impression that MAS had endorsed Collective's proposal. 2 Mr Nazaruddin Mohsen had written to the Authority on 29 Nov 99 to request a meeting to brief the Authority
- with the Malaysian Central Depository, and subsequently to trade them on the KLSE. 3 MAS has neither endorsed or commented on Collective's offer.
- MAS had responded that the Clob issue was handled by the Singapore Exchange Securities Trading Ltd (formerly known as the Stock Exchange of Singapore Ltd) ["SEST"], and suggested that Mr Mohsen should meet with the SEST to discuss his proposal.
- MAS
- Media Releases
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- 13 October 2003...The Monetary Authority of Singapore (MAS) announced today that it has signed a regulatory Memorandum of Understanding (MOU) with the Securities and Exchange Board of India (SEBI). The MOU paves the way for enhanced cooperation and communication between the two regulators.
- MAS has already signed 12 MOUs with other securities and futures regulators, the most recent of which was with the Financial Services Agency of Japan. ***
- The MOU was signed by Mr Koh Yong Guan, Managing Director, MAS, and Mr G N Bajpai, Chairman, SEBI, in Singapore. Mr Koh noted, "We are pleased to sign this MOU with SEBI.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) announced today it was awarding eight Wholesale Bank (WB) licences. The eight banks awarded the WB licences are: i. Bayerische Hypo-Vereinsbank ii. Fortis Bank iii. HSBC Republic Bank (Suisse) SA iv. Industrial and Commercial Bank of China v.
- MAS will review and assess developments in the banking industry in deciding on the timing for upgrading the remaining Offshore Banks to WB status. ***
- State Street Bank and Trust Company MAS assessed applicants for the WB licences using several criteria. This included the bank's financial strength, contributions and developmental commitment to Singapore's financial sector.
- MAS
- Media Releases
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- More details can be found on MAS Website . ***
- Singapore, 16 March 2017…The Monetary Authority of Singapore (MAS) today published a consultation paper to seek public feedback on the proposed new legal tender limit for coins. 2 Under the Currency Act, limits are placed on the amount of each coin denomination that can be used for payment.
- These limits help minimise the payee’s inconvenience and cost in handling large quantities of low denomination currency. 3 MAS is proposing a uniform legal tender limit of 10 coins per denomination across all denominations in a single transaction.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) announced that Mr Lim Chee Onn, Senior International Advisor to Singbridge Private Limited, and Mr Peter Ong, Permanent Secretary of the Ministry of Finance, have been reappointed to its Board of Directors from 1 January 2014 to 31 May 2016. 2 The members of
- the MAS Board of Directors are listed in the Annex. *** Annex Board of Directors of the Monetary Authority of Singapore (as of 31 December 2013) Mr Tharman Shanmugaratnam (Chairman) Deputy Prime Minister; Minister for Finance Mr Lim Hng Kiang (Deputy Chairman) Minister for Trade and Industry Mr Heng
- Quek See Tiat Chairman, Building and Construction Authority Mr Lim Chee Onn Senior International Advisor, Singbridge Private Limited Mr Peter Ong Boon Kwee Permanent Secretary, Ministry of Finance Professor Tan Chorh Chuan President, National University of Singapore Mr Ravi Menon Managing Director, MAS
- MAS
- Media Releases
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- . 2 MAS has been in close discussion with SGX on enhancing the governance of SGX’s regulatory responsibilities.
- Singapore, 18 July 2016…The Monetary Authority of Singapore (MAS) said today that SGX’s move to transfer its regulatory functions to a separate subsidiary company is an important step in strengthening the safeguards to manage potential conflicts of interest between SGX’s commercial and regulatory roles
- MAS will therefore require the Chairman of the subsidiary company and a majority of its directors to be independent of SGX and its regulated subsidiaries 1 , and for all directors to be independent of any corporation listed on SGX. 4 MAS will continue to directly regulate SGX in terms of its obligations
- MAS
- Letters to Editor
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- The Singapore Exchange Limited (SGX), the CAD and the Monetary Authority of Singapore (MAS) work closely together to ensure a fair, clean and orderly capital market in Singapore.
- The CAD, MAS and SGX are committed to resolving the case of China Sky expeditiously. SUPT Ho Yenn Dar Assistant Director, Public Communications Public Affairs Department Singapore Police Force Bey Mui Leng Director (Communications) Monetary Authority of Singapore
- 16 July 2014 The Editor BT Forum Dear Editor Joint Response by MAS & CAD on Letter published in BT regarding China Sky We refer to Mr Mano Sabnani’s letter “Time to end China Sky saga” (Business Times, 3 July 2014).