Showing 5563 Documents for "MAS"
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- MAS
- Enforcement Actions
Last revised date:
- He was convicted on 11 February 2021 and his conviction was the result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force, following a referral by the Singapore Exchange Securities Trading Limited (SGX-ST
- MAS will take firm action against persons who engage in such misconduct.” Background to the case 5 Mr Wong was a director of WLA Regnum Pte Ltd (WRPL) from 2007 to 2017.
- The remaining 11 charges were taken into consideration for the purpose of sentencing. 4 Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said, “Mr Wong’s conduct distorted the price of Gaylin shares on multiple occasions.
- MAS
- Media Releases
Last revised date:
- It is co-chaired by CAD and MAS, and is supported by a steering group comprising 8 banks and ABS.
- The Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) encourage all relevant firms to adopt the red flag indicators and recommended measures to strengthen resilience against money-laundering and terrorism-financing risks. 4 In addition, ACIP has set up a data analytics
- For more information on ACIP, please visit /news/media-releases/2017/cad-and-mas-partner-industry-stakeholders-to-fight-financial-crimes ; https://www.police.gov.sg/news-and-publications/media-releases/20170424_others_cad_and_mas_partner_industry
- MAS
- Media Releases
Last revised date:
- Singapore, 28 April 2011 … The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Song Qing for contravening the insider trading provision under Section 218(2)(a) of the Securities and Futures Act (SFA). 2 Bright World Precision Machinery Ltd (Bright World
- Mr Song has cooperated fully with MAS in the course of the investigations. Notes to Editor: (A) The civil penalty regime (i) A civil penalty action is not a criminal action and does not attract criminal sanctions.
- As a result of his Bright World share purchases, Mr Song made a profit of about $1,000. 4 Mr Song has admitted to contravening Section 218(2)(a) of the SFA and has paid a civil penalty of $50,000 to MAS without court action.
- MAS
- Parliamentary Replies
Last revised date:
- The value of such purchases made through real estate agents in Singapore has grown to S$2.0 billion in 2013 from S$1.4 billion in 2012. 2 MAS is concerned that some individuals may be overextending themselves through such investments, or may not recognise the risks involved. 3 MAS has therefore issued
- MAS is working actively on measures to encourage well-rated companies to issue bonds, and to improve retail investors’ access to the bond market. ***
- Answer by Mr Lawrence Wong, Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 Overseas property purchases by Singaporeans have increased significantly in recent years.
- 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.
- For financially distressed HDB homeowners, MAS has worked with MND, HDB, MOM and financial institutions to establish standardised interventions when late repayments occur.
- Here too, MAS’ stress test suggests that debt servicing of Singapore-listed firms is likely to remain manageable as interest rates rise, with most firms having sufficient earnings to cover their interest expenses and cash reserves to provide buffers. 2.
- MAS
- Media Releases
Last revised date:
- Singapore, 28 October 2022… The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP), comprising cybersecurity experts from around the world, provided insights on how Singapore’s financial sector can address technology and cyber risks amid heightened geopolitical tensions, rapid
- MAS will continue to work closely with the industry to ensure the cyber resilience of the Singapore financial sector.” ***
- Panel members also spoke at the Technology and Cyber Risk Seminar that was jointly organised by The Association of Banks in Singapore and MAS for the financial industry.
- MAS
- Notices
Last revised date:
- Requirements for lodging a report to MAS, upon discovery of any suspicious activities or incidents of fraud. This notice applies to all registered insurance brokers.
- It sets out the requirements for insurance brokers to lodge Form F1 with MAS within 5 working days after the discovery of any suspicious activity or incident of fraud that will affect their safety, soundness or reputation. Amendment Notes There are no amendment notes for this notice.
- : MAS 505 : 23 January 2013 The expressions used in this Notice shall, except where expressly defined in this This Notice is issued pursuant to section 64(2) of the Insurance Act (Cap. 142) (the Notice No Issue Date NOTICE ON REPORTING OF SUSPICIOUS ACTIVITIES
- MAS
- Media Releases
Last revised date:
- Tharman Shanmugaratnam, Deputy Managing Director for Financial Supervision of the Monetary Authority of Singapore led the closing panel.
- The World Bank's Economic Development Institute (EDI) and the Monetary Authority of Singapore, with the support of the Ministry of Foreign Affairs of Singapore and the Swiss Agency for Development and Co-operation, jointly organised a regional seminar on banking crisis resolution on May 12-13, 1998 at
- In his opening address, Lee Hsien Loong, Deputy Prime Minister and Chairman of the Monetary Authority of Singapore, cited four lessons learnt from the current crisis. First, governments must pursue prudent fiscal and monetary policies to ensure sound macroeconomic fundamentals.
- MAS
- Speeches
Last revised date:
- Keynote Address by Mrs Hauw Soo Hoon, Executive Director (Insurance), Monetary Authority of Singapore Flight to Quality: A Reality Check Good morning, ladies and gentlemen. It is a pleasure to join you here today.
- Conclusion The MAS has a preference for the distribution model that proves to be cost-efficient, competent, professionally managed and which adds value in the financial advisory process.
- This is because they are financial institutions that are already regulated by the MAS under other principal Acts. For example, this would include banks, insurance companies and stock-broking firms.
- MAS
- Speeches
Last revised date:
- Corporate governance study commissioned by MAS and SGX 20 This is one of the reasons why MAS and SGX jointly commissioned a study on improving the implementation of corporate governance practices in Singapore.
- ACRA will work with the Singapore Institute of Directors, ICPAS, the MAS and SGX, and other stakeholders in this study. Corporate governance – enhancing performance 17 A sound and responsive regulatory framework is critical to corporate governance.
- MAS will help to fund a study that will help to operationalise this comprehensive approach to training. The study will cover a few areas. First, it will look into benchmarking directors’ training and development against best practices in other leading jurisdictions.