Definition of “business trust”
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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
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- MAS
- Media Releases
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- Singapore, 21 June 2023… The Monetary Authority of Singapore (MAS) today published a whitepaper proposing a common protocol to specify conditions for the use of digital money such as central bank digital currencies (CBDCs), tokenised bank deposits Tokenised Bank Liabilities – tokens on a ledger that represent a commercial bank's liability , and stablecoins on a distributed ledger. 2 The whitepaper was supported by the release of software prototypes that demonstrate the concept of Purpose Bound Money
- MAS
- FATF Statement
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- On 3 November 2017, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated Public Statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of the following jurisdictions: The FATF remains concerned by the Democratic People’s Republic of Korea (DPRK)’s failure to address the significant deficiencies in its AML/CFT regime and the serious threats they pose to the integrity of the international
- MAS
- Financial Stability Reviews
Last revised date:
- The Monetary Authority of Singapore (MAS) conducts regular assessment of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications on the soundness and stability of Singapore’s financial system. The analysis and results are contained in the Financial Stability Review (FSR), which aims to contribute to a greater understanding among market participants, analysts and the public on issues affecting Singapore's financial system.Main content
- MAS
- Speeches
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- Professor Bernard Yeung, Dean, NUS Business School, whose tireless efforts have brought to fruition the Asian Bureau of Financial and Economics Research, distinguished guests, ladies and gentlemen, good evening. Interesting Times Again Monetary policy has become interesting again. The Great Moderation, beginning in the mid-1980s and spanning two decades, marked the triumph of monetary policy over the scourge of inflation. The formula worked brilliantly – independent central banks, with clear mandates
- MAS
- Economic Essays
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- By Global Projection Model Network This study was published as Special Feature B in the April Macroeconomic Review. Special Features 1 Special Feature B A Multi-Country Quarterly Projection Model for MAS Global Projection Model Network1 1 Introduction Over the past decade, Quarterly Projection Models (QPMs)2 have established their place in the forecasting toolkits of central banks due to their ability to strike an adequate balance between the theoretical consistency embodied
- MAS
- Economic Essays
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- This study was published as Special Feature A in the April 2013 Macroeconomic Review. 74 Macroeconomic Review, April 2013 Special Feature A The Exchange Rate as an Instrument of Monetary Policy by Ilian Mihov1 Introduction Understanding the properties of alternative monetary policy rules and designing rules which maximise social welfare are important objectives, both from a policy point of view and from an analytical perspective. Following the seminal
- MAS
- Speeches
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- Date: 16 June 1999 Good evening, Mr Lim Chee Onn, Chairman Keppel Land, Sir Peter Davies, Group Chief Executive, Prudential Corporation, distinguished guests, ladies and gentlemen. 2 I am very pleased to be here this evening to join Keppel Land and Prudential Assurance in celebrating the official opening of Prudential Tower. This is a very significant commitment by Prudential to maintain its stake and grow in Singapore and the region. 3 The global financial landscape is changing rapidly. Singapore
- MAS
- Media Releases
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- Singapore, 17 April 2017… The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Richard Baldwin, Professor of International Economics at the Graduate Institute in Geneva, and President of the Centre for Economic Policy Research (CEPR) in London, as the MAS Term Professor in Economics and Finance from 17 to 30 April 2017. Professor Baldwin will be hosted by the NUS Faculty of Arts and Social Sciences’ Department of Economics and the Economic
- MAS
- Parliamentary Replies
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- QUESTION NO. 1137 NOTICE PAPER 644 OF 2017 FOR ORAL ANSWER Date: For Parliament Sitting on 8 May 2017 Name and Constituency of Member of Parliament Mr Melvin Yong Yik Chye, MP, Tanjong Pagar GRC Question: To ask the Prime Minister whether there are plans to encourage the use of financial technology (fintech) in our financial institutions given that 73% of traditional financial institutions in Singapore believe they are at risk of losing business to fintech. Answer by Mr Ong Ye Kung, Minister for
- MAS
- Media Releases
Last revised date:
- Singapore, 26 April 2018... The Monetary Authority of Singapore (MAS) has proposed guidelines to strengthen individual accountability of senior managers and raise standards of conduct in financial institutions (FIs). The guidelines are a key part of MAS’ broader efforts to foster a culture of ethical behaviour and responsible risk-taking in the financial industry. 2 Mr Ong Chong Tee, Deputy Managing Director (Financial Supervision), MAS, said “Clear accountability and proper conduct are important