Showing 5563 Documents for "MAS"
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- Media Releases
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- Comments by MAS Spokesperson on Market Conditions: "MAS continues to closely monitor developments in the global financial markets and their impact on financial stability. Singapore's domestic money and foreign exchange markets have generally functioned in an orderly fashion today.
- MAS continues to be in close contact with the financial institutions here, and with central banks and regulators in key jurisdictions."
- Nonetheless, MAS stands ready to inject additional liquidity if the situation so warrants. Financial institutions in Singapore are functioning normally.
- MAS
- Media Releases
Last revised date:
- Comments from MAS on AIA's Change in Singapore Leadership: "MAS has been notified that there has been a change of Principal Officer in AIA Singapore. Mr Mark O'Dell, Executive Vice President and General Manager, has resigned from the company and has taken leave of absence with immediate effect.
- MAS' regulatory oversight of AIA and all insurers in Singapore is rigorous. We are satisfied with the ability of the company to carry on business as usual and to meet new demands even when there are any changes in management.
- In the interim, Mr Kenneth Juneau, Executive Vice President and Senior Regional Life Executive of AIA's regional office, will assume leadership responsibilities with effect from 19 September 2008 and MAS expects a smooth transition.
- MAS
- Notices
Last revised date:
- Amendment Notes 1 Jul 2021 MAS Notice 1104 dated 28 June 2021 takes effect from 1 July 2021. 1 Jul 2021 MAS Notice 1104 dated 4 July 2003 is cancelled. 6 Oct 2003 MAS Notice 1104 dated 4 July 2003 takes effect from 6 October 2003. 6 Oct 2003 MAS Notice 1104 dated 16 Oct 1998 is cancelled.
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. MAS’ restrictions on motor vehicle loans granted by financial institutions are principally to encourage households to borrow prudently.
- MAS will however continue to work with MOT in monitoring the situation in the COE market. * * *
- Date: For Parliament Sitting on 8 May 2023 Name and Constituency of Member of Parliament Ms Mariam Jaafar, Sembawang GRC Question: To ask the Prime Minister whether MAS is considering curbs on car loans in light of the record high COE prices.
- MAS
- Media Releases
Last revised date:
- MAS Sets Up New Committee to Oversee Bond Market Developments 5 Aug 1999 FACT SHEET 2 DEBT MARKET COMMITTEE Chairman : Mr Koh Yong Guan Managing Director Monetary Authority of Singapore (MAS) Deputy Chairman : Mr Lam Chuan Leong Permanent Secretary Ministry of National Development (MND) Members : To
- comprise senior representatives from Monetary Authority of Singapore, Ministry of Finance as well as other relevant Government agencies.
- MAS
- Media Releases
Last revised date:
- Singapore, 22 Jan 2003...The Monetary Authority of Singapore (MAS) announced that from today, it will be lifting its 1995 car loan guidelines which restricted the maximum financing for the purchase of a car to 70% of its purchase price, including the price of its Certificate of Entitlement (COE), to
- The lifting of the limits on car loans is therefore in line with MAS' shift from a one-size-fits-all supervisory approach to a risk-focused approach.
- MAS expects financial institutions to continue to uphold prudent lending standards that take into account the credit worthiness of the borrower, his/her debt servicing ability and the value of collateral when assessing car loan applications. ***
- MAS
- Media Releases
Last revised date:
- Singapore, 5 February 2020… In response to media queries, the Monetary Authority of Singapore (MAS) said that its monetary policy stance remains unchanged.
- There is therefore sufficient room in the band for the S$NEER to ease in line with any weakness in the Singapore economy in the coming months. 3 MAS is monitoring economic developments closely. The next policy review remains as scheduled in April 2020.
- within the policy band to accommodate an easing of the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) in line with the weakening of economic conditions as a result of the outbreak of the 2019 novel coronavirus (2019-nCoV) in China and other countries, including Singapore. 2 In October 2019, MAS
- MAS
- Letters to Editor
Last revised date:
- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- (“Give customers a choice between digital and hardware tokens”, The Straits Times, 15 April 2017) The Monetary Authority of Singapore (MAS) does not prescribe any particular technology for use in two-factor authentication.
- MAS requires FIs to put in place appropriate IT security controls to protect customers’ information from unauthorised access. FIs are expected to adopt sound security measures, including fraud monitoring measures, to mitigate the risks associated with their online financial services.
- MAS
- Letters to Editor
Last revised date:
- Details of these features are available on MAS' website. Angelina Fernandez Director (Communications) Monetary Authority of Singapore
- Dear Editor I refer to the letter, 'Sorry, $100 notes not accepted' (ST, Feb 1). 2 The Monetary Authority of Singapore (MAS) assures the public that the incidence of counterfeit notes in Singapore is very low. 3 In the recent instance of counterfeit $100 notes, the counterfeits were of poor quality
- MAS
- Media Releases
Last revised date:
- The MOU provides a formal basis for supervisory cooperation between MAS and ESMA.
- 16 March 2012… The Monetary Authority of Singapore (MAS) and the European Securities and Markets Authority (ESMA) have signed a Memorandum of Understanding (MOU) on the supervision of credit rating agencies (CRAs). ( http://www.esma.europa.eu/node/57482 ). 2 CRAs play an important role in the global
- Singapore and within the European Union (EU). 3 In addition to the signing of the MOU, ESMA has also announced that it considers Singapore’s regulatory framework for CRAs to be in line with EU’s CRA regulations, thereby facilitating EU registered CRAs to endorse credit ratings issued in Singapore. ( MAS