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
- Speeches
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- Date: 13 Aug 1998 MEPS: IMPROVING THE HARDWARE OF THE FINANCIAL SECTOR 1 I am pleased to officiate the launch of the MAS Electronic Payment System. With this switch to MEPS, Singapore joins the developed financial markets that have implemented real time gross settlement systems. MEPS is a significant technological improvement to our payments infrastructure, which will further enhance our financial system, in several ways. 2 First, MEPS reduces systemic risk. Since payments are settled on a
- MAS
- Speeches
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- Resilience, Integration, Opportunity: The ASEAN Story Mr Brian Brille, Mr Peter MacDonald, Mr Richard McCormack, distinguished speakers, ladies and gentlemen, good morning. Resurgence of Asia 1. According to estimates by the late British economist, Angus Maddison, two thousand years ago, India had the largest GDP in the world. China was close behind. Together, they accounted for more than half of global GDP. Asia ex Japan was 75 per cent of world GDP. And this was at the height
- MAS
- Speeches
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- Mr Ravi Menon, Managing Director of MAS and Chairman of IBF IBF Council members Distinguished guests Ladies and Gentlemen 1 I’m very happy to join all of you this evening for your IBF Distinction Evening. 2 I was last here for this event in 2013. I explained then our strategy to build a strong Singaporean core in the financial sector, and how we are providing more support to raise standards of competency in the financial industry. I am glad that we have made good progress in the last three years
- MAS
- Speeches
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- 1 Distinguished guests, ladies and gentlemen, thank you for inviting me here this morning. The annual ABS Financial Crime Seminar has become a key event on Singapore’s anti-money laundering and counter-terrorism financing (AML/CFT) calendar. It is a good opportunity for our banking industry at large to take stock of the current challenges and trends, as well as to discuss priorities. As the diverse programme of this conference shows, money laundering and terrorist financing (ML/TF) is a complex
- MAS
- Speeches
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- Distinguished guests, Ladies and gentlemen, 1. Good morning. I would like to thank the Bank of England (BOE) and the Prudential Regulation Authority for your kind invitation to speak at your inaugural climate and capital conference. It is a privilege and pleasure to join my fellow regulators, academia, and members of the financial services industry here in London, as well as those of you attending virtually. 2. Being a research conference, we are here to learn, debate, challenge and importantly,
- MAS
- Speeches
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- Question: How vulnerable is the global economy to a synchronised slowdown from both US and China? How does the rest of Asia, including Singapore, weather and navigate this environment? What type of policies must countries pursue to build resilience? Global growth is on a gentle slide down, but is not heading for a hard landing. We have had two years of robust growth, in many parts of the world above trend. It is to be expected that global growth will moderate this year towards a more sustainable
- MAS
- Media Releases
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- Singapore, 29 November 2005...The Monetary Authority of Singapore (MAS) today announced findings of its second External Perception Survey (EPS). 96% of MAS' stakeholders [1] rated MAS' overall performance positively with 62% rating us as "very good" or "excellent". 2 The 2005 EPS was conducted to assess stakeholders' perceptions of MAS' performance as a central bank, regulator and financial centre developer. It measured MAS' effectiveness in carrying out our four core objectives of: Conducting
- MAS
- Enforcement Actions
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- Singapore, 10 October 2018… The Minister in Charge of the Monetary Authority of Singapore (MAS) has varied the prohibition orders made by MAS against two individuals. Prohibition Orders against Mr Lim Fang Wee 2 On 3 May 2018, MAS announced the issuance of prohibition orders against Mr Lim Fang Wee for a period of four years, with effect from 30 April 2018. The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service
- MAS
- Media Releases
Last revised date:
- Singapore, 10 October 2018… The Minister in Charge of the Monetary Authority of Singapore (MAS) has varied the prohibition orders made by MAS against two individuals. Prohibition Orders against Mr Lim Fang Wee 2 On 3 May 2018, MAS announced the issuance of prohibition orders against Mr Lim Fang Wee for a period of four years, with effect from 30 April 2018. The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service
- MAS
- Media Releases
Last revised date:
- Singapore, 11 June 2008...The Audit Committee Guidance Committee (ACGC) today released the findings of a survey of audit committee (AC) members of listed companies. The ACGC commissioned the Singapore Management University (SMU) School of Accountancy to survey AC members on the practical difficulties and challenges that they face in discharging their duties, as well as the areas in which they would welcome practical guidance. The survey was conducted from March to April this year. 2. AC members