Showing 5563 Documents for "MAS"
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- Parliamentary Replies
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- MAS does not interfere in these decisions, but expects all banks to deal fairly with their customers. 2 In this regard, MAS requires banks to clearly and conspicuously disclose late payment fees and interest charges in credit card statements, including how such charges are computed.
- Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Fees charged by banks for their services and products are commercial
- QUESTION NO 2511 NOTICE PAPER 959 OF 2022 FOR ORAL ANSWER Date: For Parliament Sitting on 18 February 2022 Name and Constituency of Member of Parliament Mr Lim Biow Chuan, MP, Mountbatten SMC Question: To ask the Prime Minister whether MAS will regulate the imposition of credit card fees by banks such
- MAS
- Media Releases
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- Singapore, 25 August 2014… The Monetary Authority of Singapore (MAS), the Securities Commission of Malaysia (SC Malaysia), and the Securities and Exchange Commission, Thailand (SEC Thailand) today launched the ASEAN CIS Framework to facilitate cross-border offers of CIS to retail investors.
- MAS, SC Malaysia and SEC Thailand have jointly published a handbook to provide guidance to fund managers on the operational aspects of the ASEAN CIS Framework.
- (Click here to view the Handbook) 3 MAS has also introduced new provisions in a new Chapter 10 of the Code on Collective Investment Schemes to implement the framework in Singapore.
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. BNPL service providers do not, as a market practice, open accounts for users under 18 years of age. As for BNPL users aged 18 to 21, MAS does not have customer and default data. 2.
- QUESTION NO 3742 NOTICE PAPER 1494 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 November 2022 Name and Constituency of Member of Parliament Mr Melvin Yong Yik Chye, MP, Radin Mas SMC Question: To ask the Prime Minister (a) whether MAS has data on how prevalent is the use of Buy Now Pay
- MAS will monitor the industry’s implementation of the safeguards set out in the BNPL Code, and continue to work with the industry to mitigate the risk of consumer over-indebtedness. ***
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- MAS continues to welcome proposals that can help enhance equity research and contribute to the growth of our public equity market. * * *
- Since the launch of the Research Initiatives Grant in January 2019, MAS and SGX have received 30 enquiries and pilot concepts, many of which were exploratory. Fifteen of them were followed through with draft applications.
- MAS
- Guidelines
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- The Monetary Authority of Singapore (MAS) has given full effect to financial sanctions imposed by the United Nations on Iran through MAS Regulations, and financial institutions are required to comply with these Regulations.
- The MAS will not tolerate the use of the financial system for the conduct of criminal and illicit activities.
- MAS has also advised financial institutions to take appropriate actions as recommended by FATF and to this end, financial institutions should conduct enhanced due diligence and transactions monitoring on Iran-related business relationships.
- MAS
- Media Releases
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- Singapore, 22 March 2023… The Monetary Authority of Singapore (MAS) said today that in exercising its powers to resolve a financial institution (FI), it intends to abide by the hierarchy of claims in liquidation.
- MAS’ resolution framework is in line with the Financial Stability Board’s Key Attributes of Effective Resolution Regimes for Financial Institutions. 5.
- No prospectus for the offering of AT1 bonds to retail investors has been registered with MAS. 6. As with other investment products, FIs that offer or distribute AT1 bonds are expected to make accurate and clear disclosures of key product features and risks to investors.
- MAS
- Media Releases
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- Singapore, 11 January 2023… The Monetary Authority of Singapore (MAS) today introduced amendments to the Code of Corporate Governance (Code), to reflect SGX RegCo’s Listing Rule changes to introduce a nine-year tenure limit for independent directors Prior to the amendment, listed companies could continue
- MAS will amend the Notice to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management (REIT Managers) ( MAS Notice SFA 04-N14 ) to reflect the change in remuneration disclosure requirements for directors and CEOs of REIT Managers to mandatory from comply or explain
- Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS, said, “High standards of corporate governance, characterised by strong accountability and transparency, are critical in upholding investor confidence in our capital markets.
- MAS
- Media Releases
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- Singapore, 31 January 2019… The Monetary Authority of Singapore (MAS) will give banks and credit card issuers more time to adopt the E-Payments User Protection Guidelines (“Guidelines”). 2.
- In the meantime, MAS encourages consumers to enable notification alerts for such transactions as debit/credit cards payments, funds transfer and cash withdrawals where their bank is able to provide them.
- MAS has agreed to adjust the effective start date to 30 June 2019. After the Guidelines come into force, a more comprehensive notification alert process and framework for unauthorised transactions will be in place. 4.
- MAS
- Economic Essays
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- Monetary Authority of Singapore Economic Policy Department
- Monetary Authority of Singapore Economic Policy Department 5 6 -------- 72 Macroeconomic Review, April 2009 further divided economic activity.
- is the 7 8 Monetary Authority of Singapore Estimated cross correlation coefficients in this special feature that exceed 0.20 are statistically significant at the 5% level.
- MAS
- Economic Essays
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- Monetary Authority of Singapore Economic Policy Department
- Monetary Authority of Singapore Economic Policy Department -------- Special Features 85 it at low that levels.
- Monetary Authority of Singapore Economic Policy Department -------- 90 Macroeconomic Review, April 2008 References Bernanke, B (2005) Inflation in Latin America: A New Era?