Showing 4089 Documents for "payment services"
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- The AML/CFT requirements imposed on DT service providers will be aligned with the requirements imposed on digital payment token service providers regulated under the Payment Services Act. (C) Harmonised power to impose requirements in technology risk management 25.
- This is clearly not comprehensive enough, as it leaves out other traditional sectors such as banking, as well as newer sectors like payment services. 6.
- MAS’ existing powers do not extend to prohibiting persons from carrying out other activities, including providing payment services, or conducting other important functions in the financial industry, such as risk management or compliance, and the administration of critical systems. 17.
- MAS
- Parliamentary Replies
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- In addition, FIs, including payment service providers, must adhere to cyber hygiene requirements and meet standards on technology risk management, in order to protect personal data from unauthorised access, use, or disclosure.
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback on Consultation Paper on Securitisation (127.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Securitisation (108.8 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION PAPER ON SECURITISATION 1 General Comments 1.1 In April 2005, MAS issued a consultation paper inviting views on proposed changes to MAS Notice to Banks 628 on "Asset Securitisation by Banks". The proposed revisions seek to bridge the gap between the existing requirements
- MAS
- Financial Stability Reviews
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- mortgage payment.
- Mortgage Servicing Ratio Per Cent Lowest 20% (by Income) 20.7 23.1 25.5 Second Quintile Third Quintile Fourth Quintile Highest 20% (by Income) 0.9 0.0 2.7 6.5 1.1 0.1 3.6 7.3 2.8 1.3 4.6 8.1 Source: MSD estimates to CPF Ordinary Note: Assumes all contributions Account used to service
- MAS
- Monographs/Information Papers
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- Guidance on the policies, procedures and controls applicable to private banking, in the areas of anti-money laundering and countering the financing of terrorism, fraud risk prevention and investment suitability. Monetary Authority of Singapore GUIDANCE ON PRIVATE BANKING CONTROLS MAS Information Paper June 2014 -------- GUIDANCE ON PRIVATE BANKING CONTROLS Table of Contents 1 INTRODUCTION ...................................................................
- MAS
- Media Releases
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- Singapore, 11 November 2018… The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have successfully developed Delivery versus Payment (DvP) 1 capabilities for the settlement of tokenised assets across different blockchain platforms 2 . This will help simplify post-trade processes and further shorten settlement cycles. 2 The DvP prototypes, developed with technology partners Anquan, Deloitte and Nasdaq, demonstrated that financial institutions and corporate investors are able
- MAS
- Speeches
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- Mr Tharman Shanmugaratnam Deputy Prime Minister and Minister-in-charge of MAS 1 The Singapore economy is restructuring towards higher value-added activities while adjusting to a more moderate rate of economic growth in line with slowing labour force growth. The Monetary Authority of Singapore’s (MAS) monetary policy will facilitate this economic transition, by ensuring that consumer price inflation is kept low and providing a conducive macroeconomic environment for innovation and investment. 2
- MAS
- Parliamentary Replies
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- QUESTION NO 1846 NOTICE PAPER 1081 OF 2018 FOR WRITTEN ANSWER Date: For Parliament Sitting on 27 February 2018 Name and Constituency of Member of Parliament Dr Tan Wu Meng, MP, Jurong GRC Question: To ask the Prime Minister with regard to the interruption to NETS services on 2 February 2018 due to "inadvertent human error" during system maintenance (a) whether MAS has identified root causes which predispose the system to human error; and (b) what measures MAS is taking to ensure reliability of cashless
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received- Draft Regulations Pursuant to the SFA and FAA (196.4 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Regulations Pursuant to the Securities and Futures Act and Financial Advisers Act 2012 (215.5 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION ON DRAFT REGULATIONS PURSUANT TO THE SECURITIES AND FUTURES ACT AND FINANCIAL ADVISERS ACT 1.1 On 6 December 2012, MAS issued a consultation paper inviting comments on
- MAS
- Media Releases
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- Singapore, 3 June 2020... The Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), Enterprise Singapore (ESG), and the Monetary Authority of Singapore (MAS) announced today a package of measures to support landlords that may face cash flow constraints as a result of providing relief to tenants as proposed under the COVID-19 (Temporary Measures) (Amendment) Bill (“COVID-19 Amendment Bill”). 2. This package of measures will help landlords with their existing loan commitments