Showing 5563 Documents for "MAS"
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- MAS
- Media Releases
Last revised date:
- Singapore/Malaysia, 27 September 2021… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. 2.
- Following the launch, MAS and BNM will progressively expand the PayNow-DuitNow linkage to incorporate a wider range of features and participants.
- The linkage also offers MAS and BNM a valuable opportunity to incorporate the use of distributed ledger and smart contract technologies in the wholesale cross border payments space.” 6.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- MAS aims to seek public comments on the framework as soon as possible. 2. At the broader level, the Inter-Ministry Committee on Scams (IMCS), chaired by the Ministry of Home Affairs, also partners with the financial institutions closely.
- MAS is working with the industry to finalise a framework for the equitable sharing of losses resulting from scams. The Payments Council proposed in May this year a draft set of responsibilities relevant to financial institutions and consumers.
- MAS
- Letters to Editor
Last revised date:
- The Ministry of Social and Family Development (MSF) and the Monetary Authority of Singapore (MAS) have been consulting with industry, and are working to incorporate this principle in guidelines for private insurers.
- Daniel Wang Executive Director (Insurance) Monetary Authority of Singapore Lim Yi Jia Director (Disability Office) Ministry of Social and Family Development
- MAS understands that Mr Loh’s insurer has explained to him the reasons for its coverage decision, and will review the correspondences between Mr Loh and his insurer. Insurers have different underwriting expertise, risk appetite, and financial capacity.
- MAS
- Letters to Editor
Last revised date:
- The Ministry of Social and Family Development (MSF) and the Monetary Authority of Singapore (MAS) have been consulting with industry, and are working to incorporate this principle in guidelines for private insurers.
- Daniel Wang Executive Director (Insurance) Monetary Authority of Singapore Lim Yi Jia Director (Disability Office) Ministry of Social and Family Development
- MAS understands that Mr Loh’s insurer has explained to him the reasons for its coverage decision, and will review the correspondences between Mr Loh and his insurer. Insurers have different underwriting expertise, risk appetite, and financial capacity.
- MAS
- Parliamentary Replies
Last revised date:
- MAS regularly reviews its tax incentives schemes.
- Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- MAS will continue to review the fund tax incentive schemes to ensure that they are relevant and that single family offices can contribute meaningfully to Singapore as they set up their presences here. * * *
- MAS
- Parliamentary Replies
Last revised date:
- MAS’ regulatory framework aims to protect the interests of investors and the integrity of our markets, rather than the fund management or investment companies. To this end, SGX RegCo and MAS will closely examine both the short-seller report and the company’s response. a.
- MAS and the Commercial Affairs Department (CAD) will step in to investigate if there are grounds to suspect that market misconduct has occurred. 3. To protect the investments that are managed by fund managers, MAS expects the managers to have robust processes to manage portfolio investment risks.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Transparency, in the form of accurate, clear, and timely communication, is the best defence for a listed company that is the subject of a short-seller report.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. MAS has launched real-time cross-border retail payment linkages with India and Thailand in the recent past.
- MAS and the Police will continue to work closely and proactively with industry to review and enhance the suite of anti-scam measures.
- MAS proactively exchanges relevant information with its international counterparts to surface suspicious cross-border flows and activities so that the authorities can take the appropriate mitigating measures. b.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board member of MAS, on behalf of Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- I would like to reassure Members that MAS is closely monitoring and assessing these developments, and is unwavering in its objective of securing price stability for sustainable growth. * * *
- MAS, like other central banks, will continue to focus on stabilising near-term inflation and price expectations, as these weigh heavily in the formation of longer-term inflation expectations. 4.
- MAS
- Circulars
Last revised date:
- Sets out the expectations for licensed insurers regarding notification of data breaches to MAS. Circular No.
- ID 03/23 22 February 2023 To Chief Executives All Insurers Dear Sir/ Madam NOTIFICATION OF DATA BREACHES TO THE MONETARY AUTHORITY OF SINGAPORE (THE AUTHORITY) Following the issuance of Circular No.
- within these instruments; and 1 -------- Monetary Authority of Singapore (c) For data breaches that fall outside paragraphs 2(a) and 2(b), the Authority should be notified of them on a consolidated basis, within 3 weeks from the last day of each quarter starting from Q1 2023.
- MAS
- Letters to Editor
Last revised date:
- Jerome Lee (Mr) Director (Corporate Communications) Monetary Authority of Singapore
- MAS expects all financial institutions – digital or otherwise - to deal with their customers in a fair and clear manner and handle customer feedback effectively and promptly.
- To help Singaporeans learn about and benefit from the digitalisation of banking services, MAS has been working with stakeholders, including the media, to publicise the digital bank initiative.