Showing 4566 Documents for "economic issues"
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- MAS
- Consultations
Last revised date:
- To strengthen the regulatory framework for combating money laundering and terrorism financing (ML/TF), the Monetary Authority of Singapore (MAS) intends to amend the MAS Act and Trust Companies Act (TCA) to enhance Singapore's supervisory cooperation regime and to extend the regime for countering ML/TF to financial holding companies. Response VIEW DOCUMENT Response to Feedback: Proposed Amendments to the MAS Act and Trust Companies Act (218.2 KB) Consultation Paper VIEW DOCUMENT Public Consultation
- MAS
- Speeches
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- "Coping with Today's Paradox of Price and Affordability of Reinsurance for Asian Companies" (I) The Global Scene - Reinsurers The global reinsurance industry is currently going through a rather difficult phase. There is a number of challenges faced by the industry. What are some of these challenges? I will single out three important ones. 2 First, unprecedented claims payouts caused by natural and man-made disasters. Many reinsurers today are still coping with the aftermath of the 911 tragedy
- MAS
- Speeches
Last revised date:
- 1 Good morning everyone. First, let me take this opportunity to wish everyone a Happy New Year! Let me also thank the Asia Securities Industry & Financial Markets Association (ASIFMA) and the Association of Banks in Singapore (ABS) for organising this webinar and inviting me to speak on the important issue of Singapore’s interest rate benchmark transition. 2 In the next 20 mins or so, I will do a brief recap of the key objectives and milestones that we had set out last year. I will then
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $9,000 was imposed on Iapps for failing to put in place reasonable security arrangements to prevent the unauthorised disclosure of personal data of some users of the ActiveSG mobile application. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2021] SGPDPC 1 Case No DP-1903-B3441 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Iapps Pte Ltd. Organisation DECISION -------- Iapps Pte Ltd
- PDPC
- Commission's Decisions
Last revised date:
- Directions were issued to Habitat for Humanity Singapore for breaches of the PDPA. The organisation did not make reasonable security arrangements to prevent unauthorised disclosure of its volunteers’ personal data, failed to put in place data protection policies, and omitted to communicate data protection policies and practices to its staff. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 9 Case No DP-1707-B0971 In the matter of an investigation under section
- MAS
- Guidelines
Last revised date:
- Provides guidance on the preparation of a Risk Fact Sheet for contracts for differences. These guidelines apply to capital markets services (CMS) licensees and banks, merchant banks, finance companies and insurers which conduct the regulated activity of dealing in capital markets products with respect to contracts for differences for, by arrangement with, or on behalf of, a customer. They set out the template for the Risk Fact Sheet, with guidance notes to assist CMS licensees and other financial
- MAS
- Guidelines
Last revised date:
- Guidelines for business trusts on the statutory requirements for disclosing financial information in prospectuses. These guidelines set out MAS' regulatory objectives regarding provisions in the Securities and Futures (Offers of Investments)(Business Trusts) Regulations 2005, relating to the disclosure of financial information in prospectuses. It covers: Statutory requirements. Audited financial information. Change in accounting policies. Interim financial information. Trend information and profit
- MAS
- Notices
Last revised date:
- Requirements for merchant banks on computing the total debt servicing ratio (TDSR) for property loans. This notice applies to all merchant banks in Singapore. It sets out the formula and parameters for merchant banks to compute the total debt servicing ratio, monthly total debt obligations and gross monthly income of borrowers. The notice also spells out the limit on monthly repayment instalments for the purchase of HDB flats and executive condominiums. See explainers: Total Debt Servicing Ratio
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Consultation Paper On Insurance Group Wide Supervision (46.1 KB) Consultation Paper VIEW DOCUMENT Consultation Paper On Insurance Group-wide Supervision (251.5 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON INSURANCE GROUP-WIDE SUPERVISION Introduction In February 2012, the Monetary Authority of Singapore (MAS) conducted a 1.1 public consultation on Insurance Group-wide Supervision (IGWS). 1.2 A total of 11 respondents have submitted
- PDPC
- Public Consultations
Last revised date:
- Dated 1 April 2013 RHTLAW TAYLOR WESSING LLP FEEDBACK ON 1. PROPOSED REGULATIONS; AND 2. PROPOSED ADVISORY GUIDELINES ON KEY CONCEPTS AND SELECTED TOPICS ON THE PERSONAL DATA PROTECTION ACT 2012 Contact person: Rizwi WUN Partner Intellectual Property and Technology Practice (Co-Head) DID +65 6381 6818 rizwi.wun@rhtlawtaylorwessing.com Six Battery Road #09-01 & #10-01 Singapore 049909 Tel +65 6381 6868 Fax +65 6381 6869