Showing 5563 Documents for "MAS"
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- MAS shares Miss Cheryl Chan’s concern that BNPL could lead to excessive consumer borrowing, especially among youth and impulsive buyers. 3. MAS and other government agencies are hence examining if some form of regulation is necessary for BNPL schemes.
- As in most jurisdictions, BNPL schemes fall outside of MAS’ regulations on credit, which apply to banks and finance companies. 2. Using BNPL schemes, like traditional instalment plans, can make purchases appear more affordable.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. “Buy now, Pay later” (“BNPL”) schemes are typically offered by digital platforms to enable consumers to pay for their purchases in instalments.
- MAS
- Parliamentary Replies
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- These are the follow-up actions that banks, the Monetary Authority of Singapore (MAS) and other government agencies are undertaking. 2.
- Importantly, MAS is also partnering the industry and other government agencies to digitalise trade financing, and replace the current paper-based systems with electronic documents and data flows.
- The Association of Banks in Singapore (ABS), with the support of MAS, Enterprise Singapore (ESG) and Accounting and Corporate Regulatory Authority (ACRA), is developing a code of best practices to enhance commodity financing standards in Singapore.
- MAS
- Media Releases
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- Note to Editor: i) In 1998, MAS embarked on developing the Singapore dollar (S$) debt market as an alternative source of financing to bank loans.
- MAS is also considering a central lending facility for S$ bonds and a new SGS bond futures contract. ii) Since 1998, the S$ debt market has almost quadrupled to S$148bn.
- Tharman Shanmugaratnam, Minister for Education and Second Minister for Finance. 3 SGS bonds are usually sold via auctions through MAS-appointed SGS Primary Dealers who are obliged to tender for an equal share of the issue on offer.
- MAS
- Media Releases
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- JOINT NEWS RELEASE 16 March 2012 – The Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) today jointly signed a Memorandum of Understanding (MOU) on the Expedited Review Framework for Secondary Listings.
- Mr Lee Chuan Teck, Assistant Managing Director (Capital Markets Group), MAS, said “The signing of the MOU indicates the commitment of ASEAN jurisdictions to work towards integrating our capital market.
- “SGX is pleased to join MAS, regional regulators and our exchange partners in signing the MOU. The Expedited Review Framework for Secondary Listings will shorten the time-to-market for secondary listings of companies.
- MAS
- Parliamentary Replies
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- Thus far, MAS and SGX Regco have not detected bots being involved in cases of unusual trading activity.
- MAS and Singapore Exchange Regco (SGX Regco) conduct surveillance and post-trade monitoring of the trading activity on SGX.
- MAS, the Commercial Affairs Department of the Singapore Police Force and SGX Regco have previously issued public advisories 1 on the risks related to trading in securities based on discussions on social media platforms.
- MAS
- Media Releases
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- Singapore, 26 April 2021… The Monetary Authority of Singapore (MAS) today launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. 2.
- MAS is grateful for the support of the central banks of Brunei Darussalam, Cambodia, Ghana, and Kenya for this pioneering collaborative work with Mastercard.
- MAS looks forward to engaging other financial regulators, the financial industry, and the international technology community to advance the work on foundational digital infrastructures.
- MAS
- Parliamentary Replies
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- MAS estimates that its monetary policy moves since October 2021 will restrain core inflation by an average of 1.2% points each year over 2022–23. In other words, had MAS not adjusted monetary policy, core inflation would be on average 30% higher. 3.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. The Government’s approach to addressing inflation and its effects on households has been multi-pronged.
- The Government and MAS will continue to deploy fiscal, monetary and macroprudential measures as appropriate, to ease inflationary pressures and help cushion the impact of rising prices on Singaporeans.
- MAS
- Parliamentary Replies
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- Details can be found in PQ 1981 Link to PQ 1981. , 3355 Link to PQ 3355. , 3197 Link to PQ 3197. and MAS’ Media Release on “Boosting Equity Financing for High-Growth Enterprises” Link to MAS Media Release on “Boosting Equity Financing for High-Growth Enterprises”. . 4.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS : 1. Initial Public Offering (“IPO”) volumes globally have fallen this year.
- MAS has shared in past sittings the initiatives that SGX and government agencies have implemented to increase the attractiveness of our equities market for local and international investors.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) today issued a consultation paper proposing to allow payment token derivatives to be traded on Approved Exchanges and to regulate the activity under the Securities and Futures Act. 2 There is international institutional investor interest, for example from hedge
- MAS will require Approved Exchanges and licensed intermediaries to include risk warnings tailored to payment token derivatives in informational materials provided to investors.
- MAS invites interested parties to submit their comments on the proposed regulation of payment token derivatives on Approved Exchanges to capital_markets@mas.gov.sg by 20 Dec 2019. *** Additional information 1.
- MAS
- Media Releases
Last revised date:
- Singapore, 26 April 2021… The Monetary Authority of Singapore (MAS) today launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. 2.
- MAS is grateful for the support of the central banks of Brunei Darussalam, Cambodia, Ghana, and Kenya for this pioneering collaborative work with Mastercard.
- MAS looks forward to engaging other financial regulators, the financial industry, and the international technology community to advance the work on foundational digital infrastructures.