Showing 5563 Documents for "MAS"
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- MAS
- Circulars
Last revised date:
- UPDATE TO MAS NOTICE 133 WITH RESPECT TO ILLIQUIDITY PREMIUM (IP) MAS Notice 133 (Notice 133) on Valuation and Capital Framework for Insurers has been updated on 19 December 2022 to reflect the revision in IP from 75 bps to 65 bps in Appendix 3G.
- accessed note and 133 on be 3 Please contact your companys liaison officer in MAS should you have any queries.
- The update is part of the regular review that MAS performs on the IP calibration and credit 2 spread movements. This revision will take place with effect from 31 December 2022. The updated Notice the MAS website can amendment (https://www.mas.gov.sg/regulation/notices/notice-133).
- MAS
- Letters to Editor
Last revised date:
- The Monetary Authority of Singapore (MAS) has been in contact with Mr Lee on his feedback. Remittance companies are currently licensed under the Money-changing and Remittance Businesses Act (MCRBA).
- Jerome Lee (Mr) Director (Corporate Communications) Monetary Authority of Singapore
- In the past year, MAS has been alerted to a remittance licensee offering consumer loans. It is not the intent of MAS to allow remittance licensees to conduct consumer lending. If licensees wish to do more, they must hold the appropriate licence and be subject to the relevant regulatory measures.
- MAS
- Media Releases
Last revised date:
- MAS will work with relevant stakeholders to proactively address any impact on employment. *****
- Singapore, 12 June 2023… The Monetary Authority of Singapore (MAS) said today that the day-to-day operations of the Singapore entities of UBS Group AG (UBS) and Credit Suisse Group AG (CS) will not be interrupted by the legal completion of the takeover. 2.
- MAS remains in close contact with the Swiss Financial Market Supervisory Authority (FINMA) Parent supervisory authority of Credit Suisse Group AG and UBS Group AG. , CS and UBS on the integration.
- MAS
- Media Releases
Last revised date:
- MAS will continue to do so when necessary to offset any market impact of such corporate demand for US$ against the S$.
- MAS had stated that it would intervene whenever necessary to dampen excessive S$ exchange rate movements, including movements arising from the funding of corporate M&A activities. In accordance with this policy, MAS intervened last week to keep the S$ within its policy band.
- However, they do not alter Singapore's economic fundamentals, and hence have no influence on the target band the MAS sets for the trade-weighted S$.
- MAS
- Media Releases
Last revised date:
- Singapore, 14 March 2018… The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to work together to support the development of the FinTech ecosystems and encourage greater financial innovation in the two countries.
- Sopnendu Mohanty, Chief FinTech Officer, MAS, said: “MAS aims to foster a thriving FinTech hub and create opportunities for FinTech companies in Singapore. The agreement with Bank of Lithuania helps companies in both countries tap on each other’s resources to expand into new markets.” 4.
- The agreement with MAS will strengthen the ties between Lithuania and Singapore in the field of FinTech, supporting the growth of Lithuanian and Singaporean FinTech companies.”
- MAS
- Media Releases
Last revised date:
- Singapore, 23 March 2007...The Monetary Authority of Singapore (MAS) released a policy consultation paper on the proposed amendments to the Property Fund Guidelines ("REIT Guidelines"). 2 The Singapore REIT market continues to witness robust growth.
- There is also a healthy pipeline of proposals seeking to securitise real estate located in the Asia-Pacific region. 3 To keep pace with market development, MAS proposes amendments to the REIT Guidelines.
- ; (iii) rationalise guidelines where compliance costs exceed benefits; and (iv) introduce a licensing framework for REIT managers under the Securities and Futures Act (SFA). 5 The consultation paper is available on the MAS Website ( Click here to see the consultation paper (112.8 KB) ).
- MAS
- Media Releases
Last revised date:
- Comments by MAS Spokesperson on Market Conditions: "MAS has been closely monitoring developments in global financial markets and the impact on Singapore's markets and financial institutions. Financial institutions in Singapore are functioning normally.
- MAS has responded by keeping a higher level of liquidity in the banking system through its market operations. S$ interest rates have since eased to below 2%.
- MAS will continue to anticipate the market's funding needs, and will consider on a case-by-case basis any unique liquidity needs of individual banks. We stand prepared to inject additional liquidity as required."
- MAS
- Circulars
Last revised date:
- ID 02/23 17 February 2023 To Chief Executives All Direct Life and Composite Insurers Dear Sir/Madam ISSUANCE OF INSURANCE (PRESCRIBED INTERESTS UNDER SECTION 34(6)) REGULATIONS 2023 The Monetary Authority of Singapore (MAS) has issued the Insurance (Prescribed Interests
- recognises that investments made using these funds are for the primary benefit of the policyholders. 3 please contact your companys liaison officer in MAS.
- Yours faithfully (sent via MASNET) DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT The Regulations are available on the MAS website (link).
- MAS
- Speeches
Last revised date:
- MAS does not think this is likely. None of the post-merger banks will be big enough to be over-dominant.
- MAS believes that there will be sufficient competition in the banking industry even after consolidation. The foreign banks will probably increase their share of the retail market and will provide vigorous competition. MAS' banking liberalisation programme will enhance this competition.
- MAS welcomes this, and is optimistic that these banks will find ways to meet this need. The Government will monitor the situation closely.
- MAS
- Parliamentary Replies
Last revised date:
- MAS does not think this is likely. None of the post-merger banks will be big enough to be over-dominant.
- MAS believes that there will be sufficient competition in the banking industry even after consolidation. The foreign banks will probably increase their share of the retail market and will provide vigorous competition. MAS' banking liberalisation programme will enhance this competition.
- MAS welcomes this, and is optimistic that these banks will find ways to meet this need. The Government will monitor the situation closely.