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    • MAS
    • Circulars

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    • This Circular sets out industry good practices observed by MAS and supervisory guidance on the measures to mitigate risks associated with the use of non-face-to-face technologies for customer due diligence . FIs should read this Circular in conjunction with the relevant AML/CFT Notices and Guidelines in relation to CDD Measures for Non-Face-to-Face Business Relations, as well as MAS’ Circular of 8 January 2018 (AMLD 01/2018) on the use of Myinfo and CDD measures for NFTF business relations . 10
    • PDPC

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    • GUIDE ON BUILDING WEBSITES FOR SMEs Published 20 July 2016 Revised 10 July 2018 -------- GUIDE ON BUILDING WEBSITES FOR SMEs (revised 10 July 2018) TABLE OF CONTENTS PART 1: OVERVIEW ......................................................................................................... 3 1 2 Introduction ........................................................................................................ 3 Purpose of this Guide ...........................................
    • PDPC
    • Help & Resources

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    • This guide contains a list of useful topics for organisations to consider when building secure websites that collect, use, disclose, or store personal data. While the list is not exhaustive, it seeks to assist organisations by providing key considerations for the process of setting up a website. It can also be used by business owners to guide their discussions with IT vendors whom they engage to build their websites. Click here to find out more. Revisions to Guide (updated 14 September 2021) The
    • MAS
    • Speeches

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    • Ladies and gentlemen, good morning. What a man and what a story! Shaikh’s story shows how technology can help find innovative solutions to real problems. It shows how innovation guided by empathy can help create a more inclusive society. And of course it is a story that is an inspiration to all of us – to do better, to be better, to help others. That is why we asked Saqib to kick off the third edition of the Singapore FinTech Festival this morning. Because Saqib’s story exemplifies what Singapore
    • MAS
    • Speeches

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    • Thank you for the opportunity to engage on Mark Carney’s deeply thoughtful lecture. Mark has given us a powerful rendition of the transformation taking place that will “re-wire” our monetary and financial systems. Centrifugal forces are driving financial functions away from the traditional core. These forces are not just affecting money, but all aspects of the monetary system. Mark also reminds us that, amid this transformation, money has to be anchored on “values of trust, resilience, dynamism,
    • MAS
    • Speeches

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    •  Mr Robert Zoellick, President, World Bank Distinguished guests Ladies and gentlemen Introduction 1   Good morning.  I am delighted to join you at this inaugural World Bank-Singapore Infrastructure Finance Summit.  To our overseas guests, a very warm welcome to Singapore. Creating New Sources of Growth 2   We meet at a time as the world is emerging from its deepest recession in six decades. Here in Asia, we stand at the forefront of the turnaround, our recovery supported by timely and decisive policy
    • MAS
    • Staff Papers

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    • MAS Staff Paper No. 55, January 2017 - By Naohisa Hirakata, Yosuke Kido, and Jie Liang Thum Abstract This paper examines a sample of Japanese regional banks’ exposure to market risk factors and how it affects systemic risk through portfolio composition or revenue source, using Adrian and Brunnermeier’s (2016) CoVaR to proxy for systemic risk. We find evidence of “systemic as a herd” behaviour among Japanese regional banks, as portfolio and revenue components associated with market activities exert
    • MAS
    • Economic Essays

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    • This study was published as Special Feature C in the April 2016 Macroeconomic Review. Special Features 97 Special Feature C Corporate Governance And The Finance Sector: An Asian Perspective by Randall Morck and Bernard Yeung1 Introduction The hallmark of a modern economy is a tightly focused specialisation of both people and that dramatically boosts productivity. firms Specialisation requires efficient markets because specialised people and firms, by definition
    • MAS
    • Staff Papers

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    • MAS Staff Paper No. 56, November 2019 - By Chioh Wenn Sheng, Chua Bing Kiat, Andrew Ang, Fan Jia Rong and Brandon Sim ABSTRACT The growth of dark trading in equities has driven academic research and attracted attention from regulators concerned about its effects on market quality. In this paper, we analyse and simulate the effects of dark trading on the market quality and efficiency of Singapore’s equity market. While our results generally support the conventional criticisms of dark trading, we find
    • MAS
    • Consultations

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    • This consultation paper seeks feedback on our proposals to enhance safeguards for proper conduct of prospecting activities at public places and telemarketing, and address conduct risks and issues associated with these activities. Consultation Paper VIEW DOCUMENT Consultation Paper on Enhancing Safeguards for Proper Conduct of Prospecting Activities at Public Places and Telemarketing (972.3 KB) This consultation paper seeks feedback on our proposals to enhance safeguards for proper conduct of prospecting