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    • MAS
    • Monetary Policy Statements

    Last revised date:

    • As core inflation is expected to stay low, MAS assesses that an accommodative policy stance will remain appropriate for some time.
    • MAS Core Inflation will rise gradually and turn positive in 2021, but remain well below its long-term average. 15. MAS will therefore maintain a zero percent per annum rate of appreciation of the policy band. The width of the policy band and the level at which it is centred will be unchanged. 16.
    • MAS Core Inflation, which excludes the costs of accommodation and private road transport, stayed low, averaging −0.3% year-on-year in July–August 2020, slightly more pronounced than the −0.2% recorded in Q2.
    • MAS
    • Monetary Policy Statements

    Last revised date:

    • MAS Core Inflation is expected to rise to 1–2% next year, and close to 2% in the medium term. 14.  MAS will therefore raise slightly the slope of the S$NEER policy band, from zero percent previously. The width of the policy band and the level at which it is centred will be unchanged.
    • MAS Core Inflation, which excludes the costs of accommodation and private transport, rose to 1.1% year-on-year in July–August, from 0.7% in Q2 this year.
    • In its April 2021 Monetary Policy Statement, MAS kept the rate of appreciation of the S$NEER policy band at zero percent, with no change to the width of the policy band or the level at which it was centred.
    • MAS
    • Media Releases

    Last revised date:

    • MAS will enhance the GEMS scheme to expand the scope of support for the Listing grant and Research Talent Development grant: a. Listing grant MAS will increase the co-funding of listing expenses for all companies.
    • More details on the GEMS grant scheme can be found in the infographic in Annex B and on MAS website.
    • Research Talent Development grant MAS will increase the funding for experienced professionals to S$6,000 per month, and the funding duration for experienced professionals who are Singapore citizen to two years3.
    • MAS
    • Notices

    Last revised date:

    • INSTITUTIONS DEALING 1 INTRODUCTION This Notice is issued pursuant to section 27B of the Monetary Authority of Singapore Act 1970 (MAS Act) and applies to all financial institutions as defined in section 27A(6), read with section 27A(7) of the MAS Act (financial institution), which carries
    • Table 1 First column Person Second column Notice (a) A bank licensed under the Banking Act 1970 MAS Notice 626 (b) A merchant bank in Singapore licensed under the MAS Notice 1014 Banking Act 1970 Companies Act 1967 (c) A finance company licensed under the Finance MAS
    • MAS Notice PSM-N01 1 March 2022 NOTICE TO FINANCIAL INSTITUTIONS DEALING IN PRECIOUS STONES AND PRECIOUS METALS MONETARY AUTHORITY OF SINGAPORE ACT 1970 PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF IN PRECIOUS STONES AND TERRORISM - FINANCIAL PRECIOUS METALS
    • MAS
    • Media Releases

    Last revised date:

    •  Singapore, 25 August 2004...The Monetary Authority of Singapore (MAS) today announced the new risk-based capital (RBC) framework for insurers in Singapore. 
    • MAS previously issued two consultations papers to discuss how the RBC framework and regulations will be integrated into the Insurance Act.  The last consultation was on 28 November 2003.
    • MAS has considered the feedback received and incorporated them into the framework, where appropriate. 3   The framework takes into account emerging international standards and good practices in developed countries. 
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 13 July 2005...The Monetary Authority of Singapore (MAS) and the Economics Society of Singapore (ESS) today awarded prizes for the annual MAS-ESS Essay Competition 2004.  The prize giving ceremony took place during the ESS Annual Dinner. 
    • This is the fourth year that MAS and ESS have jointly organized the Essay Competition.
    • The following prizes were awarded to the top three essays in the two categories: Category Pre-University University First prize $2,000 $5,000 Second prize $1,000 $2,000 Third prize $500 $1,000 *** The winning essays are available on the MAS ( http://www.mas.gov.sg ) and ESS ( http://www.ess.org.sg )
    • MAS
    • Media Releases

    Last revised date:

    • The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) advise the investing public to be on heightened alert to the risks related to trading in securities incited by online discussion forums and social media chat groups.
    • MAS and SGX RegCo are working closely with SGX member firms to ensure our market remains orderly. ***
    • Firm action will be taken against those who breach the SFA or other laws and regulations. 5     MAS and SGX RegCo are closely monitoring market activities for signs of false trading or other forms of misconduct.
    • MAS
    • Parliamentary Replies

    Last revised date:

    • This should include checking the MAS Investor Alert List which identifies businesses that have falsely purported to be licensed and regulated by MAS. 3.     Our best defence is an informed public.
    • Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.     MAS has repeatedly cautioned that investing in cryptocurrencies is risky and not suitable for retail investors. The prices of most cryptocurrencies are subject to speculative swings. 2.     
    • MAS continues to watch developments in the cryptocurrency space and will regularly review the adequacy and appropriateness of our regulations.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 20 September 2017…The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world. 2   The CSAP will advise MAS on strategies to enhance the cyber resilience of Singapore
    • Specifically, CSAP will provide MAS global perspectives on evolving technologies and cyber threats and their implications for financial services, as well as insights on best practices in cyber security strategies. 3   CSAP members are appointed for a two-year term.
    • The inaugural meeting will be held in October 2017. 4   Mr Ravi Menon, Managing Director of MAS said, “As financial institutions adopt new technologies and financial services are increasingly distributed using digital platforms, strong cyber security is critical to sustaining trust and confidence.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 10 November 2020...The Monetary Authority of Singapore (MAS) today issued a consultation paper on the types of information required for non-face-to-face verification of an individual’s identity.
    • MAS invites interested parties to submit their comments on the proposed Notice to techrisk@mas.gov.sg by 9 December 2020. ****
    • Consumers should also play their part by not disclosing their online banking login credentials such as account username, PIN number and one-time password.” 5 The consultation paper is available on MAS’ website: here .