Showing 5563 Documents for "MAS"
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- MAS
- Letters to Editor
Last revised date:
- Mr Ong suggested that the Monetary Authority of Singapore (MAS) should not set a 75-year old age limit on borrowers. MAS has not set any age limit on borrowers.
- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- MAS
- Letters to Editor
Last revised date:
- Angelina Fernandez Director, Communications MAS
- MAS is also restricting the use of "capital protected", "principal protected" and any other derivatives of these terms for new investment products being offered to retail investors.
- While proceeding to effect our proposals in legislation, MAS is actively encouraging financial institutions to put in place the proposed safeguards as a matter of good practice when conducting business with retail customers.
- MAS
- Media Releases
Last revised date:
- Singapore, 12 January 2016… The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) today launched the 14th MAS-ESS Essay Competition.
- The following prizes will be awarded for the three best essays: First Prize: $3,000 Second Prize: $2,000 Third Prize: $1,000 4 The terms and conditions as well as entry forms for the MAS-ESS Economic Essay Competition are available on the ESS website ( http://www.ess.org.sg ).
- MAS
- Media Releases
Last revised date:
- Singapore, 16 January 2014… The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) today launched the 12th MAS-ESS Essay Competition. The theme for this year’s competition is “ Why is it difficult to boost productivity in Singapore?
- The following prizes will be awarded for the three best essays: First Prize $3,000 Second Prize $2,000 Third Prize $1,000 4 The terms and conditions as well as entry forms for the MAS-ESS Economic Essay Competition are available on the ESS website ( http://www.ess.org.sg ).
- MAS
- Media Releases
Last revised date:
- Singapore, 13 May 2008...The Monetary Authority of Singapore (MAS) announced today that it will develop a facility to make available sovereign-rated sukuks to promote the further growth of Islamic finance and to meet the needs of financial institutions conducting Shariah-compliant activities in Singapore
- . 2 Speaking at the 5th Islamic Financial Services Board Annual Summit held on 13 May 2008 in Jordan, Heng Swee Keat, Managing Director, MAS said “Our facility is likely to be different from traditional issuances in two respects.
- The design of our sukuk issuance facility reflects our effort to harness the price discovery potential of existing liquid instruments, while adhering carefully to Shariah principles.” 3 MAS will announce further details of the scheme in due course. ***
- MAS
- Parliamentary Replies
Last revised date:
- External auditors check whether these requirements are met, and MAS will take action on any non-compliance. ***
- In their statutory submissions to MAS, insurers are required to classify TPA-related expenses directly related to claims paid, such as claims administration expenses incurred for each processed claim, as part of gross claims settled.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Some insurers offering health insurance appoint third party administrators (“TPAs”) to undertake a variety of claims administration services on their behalf. 2.
- MAS
- Circulars
Last revised date:
- /2017/FAQs-on-Spreading-and-Capping-of-Commission- Rules.aspx 3 MAS.
- Contains the link to FAQs providing guidance on MAS' policy and administration of the Spreading and Capping of Commission rules. Circular No.
- If you have queries on this matter, please contact your companys liaison officer in 2 The set of FAQs is available on the MAS website at the following link: http://www.mas.gov.sg/Regulations-and-Financial-Stability/Regulations-Guidance-and- Licensing/Financial-Advisers/FAQs
- MAS
- Media Releases
Last revised date:
- Singapore, 25 April 2019… The Monetary Authority of Singapore (MAS) has updated the E-Payments User Protection Guidelines (“Guidelines”) to clarify that the Guidelines do not override customers’ instructions to their financial institutions on transaction notification thresholds for e-payments. 2
- In such cases, MAS expects financial institutions to inform their customers of these liability implications. 4 For more information about the Guidelines, please refer to this link .
- The Guidelines did not address situations where a customer chooses to receive fewer notifications of transactions that are above specified thresholds and of certain payment types. 3 In response to customer feedback, MAS has updated the Guidelines to clarify that customers can continue to set their
- MAS
- Media Releases
Last revised date:
- Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), in collaboration with commercial partners DBS Bank, Emirates NBD and Standard Chartered, have successfully concluded
- DBS Bank, Emirates NBD and Standard Chartered collaborated closely with IMDA, MAS and FSRA in this pilot, and used IMDA’s TradeTrust to validate, review and transfer ownership of simulated eBLs.
- IMDA, MAS and FSRA will continue to collaborate, adopting an iterative approach, with the objective of encouraging our businesses to phase out and switch from paper to digital documents as the mainstream practice to support trade finance.
- MAS
- Speeches
Last revised date:
- MAS will be working with the Life Insurance Association and the Association of Banks in Singapore to carry out regular mystery shopping exercises on their members.
- For this reason, MAS started the MoneySense programme in 2003 to enhance the level of financial literacy in Singapore. MoneySense is publicly funded and we draw on the expertise of the industry and academia.
- Over the years, MAS has been working with the industry to raise the standard for financial advice. In 2009, we issued a set of Fair Dealing Guidelines, which we use in our supervision of the financial institutions.