Showing 5563 Documents for "MAS"
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- MAS
- Letters to Editor
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- The Singapore Exchange (SGX), Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) work together closely on cases of market misconduct.
- Where the matter involves a violation of the law, it would be referred to MAS and/or CAD.
- Angelina Fernandez Director (Communications) Monetary Authority of Singapore Kelly Long Vice-President and Head of Corporate Communications Singapore Exchange Limited
- MAS
- Parliamentary Replies
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- Answer by Mr Ong Ye Kung, Minister for Education (Higher Education & Skills) and Second Minister for Defence, on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 MAS’ existing bank licensing framework can accommodate internet-only banks to operate in Singapore
- MAS encourages this development as it potentially offers consumers more choice and convenience, and further develop our financial industry.
- MAS is currently reviewing public feedback on the proposed payments regulatory framework. * * * 1 Singtel’s wholly owned subsidiary, SingCash, holds a remittance licence.
- MAS
- Letters to Editor
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- The Monetary Authority of Singapore (MAS) does indeed have a strong legal and regulatory framework to guard against money laundering risks in the financial sector.
- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- Financial institutions are rigorously supervised by MAS for compliance with these requirements. Failure to comply can attract fines up to $1 million per offence.
- MAS
- Media Releases
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- Singapore, 15 January 2013…The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Loh Ah Lay Richard for insider trading under Section 219(2)(a) of the Securities and Futures Act (SFA). 2 On 22 February 2007, Mr Loh bought 250,000 shares in GKE International
- Thereafter, on 13 and 19 April 2007, Mr Loh sold the 250,000 shares, making a profit of $54,669. 3 Mr Loh has admitted to contravening Section 219(2)(a) of the SFA and paid MAS a civil penalty of $110,000, without court action. 4 The matter was referred to MAS by Singapore Exchange Securities Trading
- (ii) Under section 232 of the SFA, MAS may enter into an agreement with any person for that person to pay, with or without admission of liability, a civil penalty for contravening any provision of Part XII of the SFA.
- MAS
- Media Releases
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- MAS encourages FIs to tap on emerging and innovative financial technology.”
- The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) will be holding a two-day conference to pave the way for financial technology (FinTech) innovation in Singapore, benefiting consumers, financial institutions (FIs) and FinTech developers.
- Mr Sopnendu Mohanty, Chief FinTech Officer of MAS, said “In today’s fast changing world of technology, consumers expect our financial institutions to keep up with customer lifestyles and meet business demands.
- MAS
- Media Releases
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- Singapore, 25 April 2023… The Monetary Authority of Singapore (MAS) today published two consultation papers with proposals to enhance safeguards for prospecting and marketing of financial products.
- MAS invites interested parties to submit their comments on the proposals by 30 June 2023. ***
- Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS, said, “We want consumers to receive accurate information, professional advice, and be given sufficient time and space to consider their financial decisions.
- 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
- Media Releases
Last revised date:
- Singapore, 28 Jun 2023… The Monetary Authority of Singapore (MAS) today launched a public consultation on an industry code of conduct for providers of Environmental, Social, and Governance (ESG) ratings and data products.
- Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), MAS, said, “The industry code of conduct will help give greater confidence to financial market participants using ESG ratings and data products.
- MAS will monitor the implementation of the industry code and observe global developments before taking further steps to formalise a regulatory framework for ESG rating providers. 3. ESG ratings help provide an assessment of the impact of ESG factors on an entity.
- MAS
- Media Releases
Last revised date:
- At a dinner hosted by the Monetary Authority of Singapore (MAS), Mr Tharman Shanmugaratnam, Deputy Managing Director of the MAS, acknowledged the contribution made by industry associations like the SFEMC in providing invaluable market feedback to facilitate policy formulation.
- In addition, the MAS led a discussion on the state of Y2K readiness in Singapore. Today's meeting also marked the first time that the Tokyo Foreign Exchange Market Committee (TFEMC) sent a team to observe the joint meeting.
- During the welcome address, he said, "Market feedback and consultation have become a cornerstone in MAS' modus operandi. It helps us to better understand market developments and industry concerns and to perform our job as a central bank in a more proactive manner."
- MAS
- Media Releases
Last revised date:
- Singapore, 8 April 2003......The Monetary Authority of Singapore (MAS) and the Economics Society of Singapore (ESS) today awarded prizes for the annual MAS-ESS Essay Competition 2002.
- Deputy Prime Minister and MAS Chairman Lee Hsien Loong gave the prizes during the ESS Annual Dinner, which was held at the Ritz-Carlton Hotel.
- This is the second 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 Open category Students First prize $8,000 $3,000 Second prize $3,000 $1,000 Third prize $1,000 $500 ***