Showing 4566 Documents for "economic issues"
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- MAS
- Speeches
Last revised date:
- Chairman and Council Members of the ABS, Ladies and gentlemen, Thank you for inviting me to join you this evening. Our objectives in liberalising banking 2. I would like to talk this evening about our next steps in liberalising our banking system, and in taking advantage of the ongoing digital revolution in finance. 3. It will be a new phase in our banking system. But the spirit of what we intend to do, and the calibrated way in which we will move forward, is similar to the approach we
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 15 June 2021… MAS has reprimanded AIA Financial Advisers Private Limited (AIA FA), Prudential Assurance Company Singapore (Pte) Limited (Prudential), Aviva Ltd (Aviva) and Aviva Financial Advisers Pte Ltd (Aviva FA) for breaches of requirements relating to risk management arrangements and the remuneration of supervisors. MAS also reprimanded Mr Peter Tan Shou Yi, a consultant engaged by Aviva, for accepting remuneration in breach of regulatory requirements, and Aviva FA’s CEO and Director
- MAS
- Parliamentary Replies
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- For Parliament Sitting on 2 March 2017 Name and Constituency of MP Ms Sylvia Lim, MP, Aljunied GRC Questions 1. To call for an adjustment to the TDSR policy to cater for those with substantial assets. 2. To assess Singapore's anti-money laundering measures in the light of recent developments such as the 1MDB saga, and the efficacy of related agencies such as the Suspicious Transaction Reporting Office. Name and Constituency of MP Mr Louis Ng Kok Kwang, MP, Nee Soon GRC Question 3. Recently, some
- MAS
- Speeches
Last revised date:
- Mr Derek Teo, GIA President, Distinguished guests, Ladies and gentlemen, Good afternoon and thank you for inviting me to speak today. 1 The global economy and financial sector have endured several years of unprecedented stress following the collapse of Lehman Brothers some four years ago. In this more difficult environment, the general insurance industry in Singapore has done well, reporting good underwriting profits in 2012. 2 While the industry has proven its resilience to emerge relatively
- PDPC
- Commission's Decisions
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- A financial penalty of $8,000 was imposed on Fortytwo for failing to put in place reasonable security arrangements to protect the personal data in its possession. Fortytwo was also issued directions to complete the upgrading of its website to a supported software version, including vulnerability assessment and penetration testing. Click here for more information. PERSONAL DATA PROTECTION COMMISSION [2023 SGPDPCS 3] Case No. DP-2112-B9354 In the matter of an investigation under section 50(1)
- MAS
- Forms and Templates
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- Helps financial institutions evaluate their controls and processes against the relevant sections in the Technology Risk Management Guidelines. -------- 1 - Cover Page ,,Confidential,,,,,,,, ,,,,,,,,,, ,,"COMPLIANCE CHECKLIST FOR TECHNOLOGY RISK MANAGEMENT GUIDELINES",, ,, , ,, , ,,,,,,,,,, ,,Name of Financial Institution, ,,,,, ,, ,,Date Completed,,,,, ,,, ,,,,,,,,,, ,,Name of Respondent,,,,,,,, ,,Designation / Title,,,,,,,, ,,Contact Number,,,,,,,, ,,Email Address,,,,,,,, ,,,,,,,, ,, ,,Name
- MAS
- Notices
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- Requirements for banks on computing the total debt servicing ratio (TDSR) for property loans. This notice applies to all banks. It sets out the formula and parameters for 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 for Property Loans Rules for New Housing
- MAS
- Notices
Last revised date:
- Requirements for finance companies on computing the total debt servicing ratio (TDSR) for property loans. This notice applies to all finance companies in Singapore. It sets out the formula and parameters for finance companies 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
- MAS
- Monographs/Information Papers
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- MAS conducted thematic inspections on the AML/CFT name screening frameworks and processes of selected financial institutions in 2021. The paper sets out MAS’ supervisory expectations and good practices, areas for improvement, and illustrative examples observed from the inspections. Financial institutions should benchmark themselves against the supervisory expectations and good practices in the paper. STRENGTHENING AML/CFT NAME SCREENING PRACTICES INFORMATION PAPER APRIL 2022 -------- CONTENTS
- PDPC
- Public Consultations
Last revised date:
- SINGAPORE PRESS HOLDINGS LTD Submission to the Personal Data Protection Commission Singapore on the Public Consultation on Proposed Advisory Guidelines on Key Concepts in the Personal Data Protection Act 18 March 2013 Contact Person: Ginney Lim General Counsel, Executive Vice President, Corporate Communications & CSR & Group Company Secretary limmlg@sph.com.sg -------- 18 March 2013 Personal Data Protection Commission Singapore (via email pdpc consultation