Showing 4218 Documents for "DPT service"
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- Media Releases
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- JOINT MAS-MND-HDB PRESS RELEASE 1 Market interest rates have risen significantly. They are likely to increase further in future, which will affect borrowing costs for home purchases. To ensure prudent borrowing and avoid future difficulties in servicing home loans, the Government will tighten the maximum loan quantum limits for housing loans. a. First, we will assume higher interest rates when assessing borrowers’ repayment ability via the following two measures: i. For property loans granted
- PDPC
- Commission's Decisions
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- A financial penalty of $4,000 was imposed on Option Gift for failure to conduct sufficient testing before deployment of a programme script which resulted in an unauthorised disclosure of up to 426 individuals’ personal data. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No DP-1806-B2242, DP-1806-B2243 and DP-1806-B2244 [2019] SGPDPC 10 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Option Gift Pte Ltd
- MAS
- Media Releases
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- Mr Speaker Sir, I beg to move, "That the Bill be now read a second time". 2 As part of an on-going effort to bring the regulatory framework for the insurance sector to international best practice standards, this Bill amends the Insurance Act (IA) to establish a risk-based capital framework for life and general insurance companies, and a regulatory framework to deal with accident and health insurance business. The Monetary Authority of Singapore (MAS) is also putting in place an authorisation
- MAS
- Speeches
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- Mr Speaker Sir, I beg to move, "That the Bill be now read a second time". 2 As part of an on-going effort to bring the regulatory framework for the insurance sector to international best practice standards, this Bill amends the Insurance Act (IA) to establish a risk-based capital framework for life and general insurance companies, and a regulatory framework to deal with accident and health insurance business. The Monetary Authority of Singapore (MAS) is also putting in place an authorisation
- MAS
- Media Releases
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- Singapore, 2 October 2008...MAS understands the current anxiety of many investors who have purchased DBS High Notes 5, Lehman Minibonds and Merrill Lynch Jubilee Series 3 LinkEarner Notes. Our priority is to ensure that investors’ complaints are heard, documented, reviewed and resolved quickly and fairly. 2 Accordingly, in discussion with the financial institutions (FIs) concerned, MAS has identified three well-respected individuals to oversee the relevant FIs’ complaints handling and resolution
- MAS
- Media Releases
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- Chongqing Financial Affairs Office Chongqing, 4 September 2017… Financial regulators and private sector participants from Singapore and Chongqing discussed today, at the second Singapore-China (Chongqing) Financial Conference (SCFC) in Chongqing, opportunities for deeper financial collaboration between the two cities. The areas discussed include financing infrastructure projects under the Belt and Road Initiative, promoting cross-border asset securitisation, and developing insurance and risk management
- MAS
- Monetary Policy Statements
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- 12 October 2012 INTRODUCTION 1 In April 2012, MAS increased the slope of the S$NEER policy band slightly. A narrower policy band was restored, with no change to the level at which the band was centred. This policy stance was aimed at anchoring inflation expectations, ensuring medium-term price stability and keeping growth on a sustainable path. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER ) 2 The S$NEER has appreciated towards the upper bound of the policy band over the last six months
- MAS
- Speeches
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- View video recording of the speech and panel discussion here . Ladies and gentlemen, good morning. I want to first thank IPS for the opportunity to share my thoughts with this large audience. I would also like to commend IPS for convening a conference on what is an important, existential topic: the implications of demographic change. I will focus my presentation on the economic implications of demographic change: what it means for economic growth and economic dynamism. The two are different. My
- MAS
- Speeches
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- Date: 17 May 1999 Q1. In the statement it is mentioned that you want to keep the market share of domestic banks to 50%. How are you going to keep this and what is going to happen if it goes below 50%? A1. Well in the statement we have stated our position carefully. Firstly I think the way we have structured our package, we have given local banks some time to upgrade and adapt and make sure they hold their own. It is not an overnight freeing up of all restrictions; it is a phased adjustment. They
- MAS
- Media Releases
Last revised date:
- Singapore, 28 June 2013 … The Monetary Authority of Singapore (MAS) will introduce a Total Debt Servicing Ratio (TDSR) framework for all property loans granted by financial institutions (FIs) to individuals 1 . This will require FIs to take into consideration borrowers’ other outstanding debt obligations when granting property loans. They will help strengthen credit underwriting practices by FIs and encourage financial prudence among borrowers. 2 MAS will also refine rules related to the application