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- MAS
- Letters to Editor
Last revised date:
- MAS will continue to work with the industry to promote the use of more efficient payment modes. Bey Mui Leng Director (Communications) Monetary Authority of Singapore
- 21 October 2014 The Editor ST Forum Dear Editor, The Monetary Authority of Singapore (MAS) thanks Mr Tan Kin Lian for his views and agrees that the use of electronic payment (e-payment) modes should be encouraged in Singapore (“Cut down on cheque payments”, ST Forum, 16 October 2014).
- MAS
- Media Releases
Last revised date:
- website and comments should reach MAS by 14 November 2013.
- Singapore, 14 October 2013… The Monetary Authority of Singapore (MAS) today released a consultation paper on proposed enhancements to the current rules relating to prospectus disclosures for offers of securities.
- prospectus to be incorporated in the prospectus by reference to the separate document; and (c) develop a regulatory guide to highlight common drafting problems and encourage good drafting practices for prospectuses. 3 The consultation paper [ Click here to view the consultation paper ] is available on the MAS
- MAS
- Media Releases
Last revised date:
- SINGAPORE, 21 March 2012… The respective Boards of Lehman Brothers Pte Ltd (LBPL) and Lehman Brothers Singapore Pte Ltd (LBSPL) have informed the Monetary Authority of Singapore (MAS) that LBPL and LBSPL have been placed under voluntary liquidation today, and Messrs Chay Foo Yuen, Bob Yap Cheng
- The liquidators will deal with the assets of the entities in accordance with the relevant liquidation rules. 4 MAS is releasing this information in public interest and is not in any way providing legal advice to investors.
- Ghee and Tan Puay Cheng of KPMG Services Pte Ltd have been appointed as the joint and several Liquidators for the two companies. 2 Upon the voluntary liquidation of LBPL and LBSPL, both companies will also cease holding capital markets services licences. 3 MAS has been informed by LBPL and LBSPL
- MAS
- Media Releases
Last revised date:
- Singapore, 3 December 2019… It has come to the attention of the Monetary Authority of Singapore (MAS) that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Senior Minister and Coordinating Minister for Social Policies, and Chairman of MAS, Tharman Shanmugaratnam
- Please refer to earlier advisories issued by MAS on 16 August 2019 , 31 July 2019 , 29 January 2019 , 19 September 2018 and 18 September 2018 .
- MAS
- Media Releases
Last revised date:
- Singapore, 31 July 2019… It has come to the attention of the Monetary Authority of Singapore (MAS) that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister Goh Chok Tong ESM Goh is Senior Advisor to MAS. .
- Please refer to earlier advisories issued by MAS on 29 January 2019 , 19 September 2018 and 18 September 2018 . For more information on cryptocurrencies and cryptocurrency investments, please refer to MoneySense’s consumer alerts .
- MAS
- Parliamentary Replies
Last revised date:
- The measures to open up the domestic banking market that MAS announced in May 1999 were the first instalment of a five year programme to liberalise the industry. MAS will review the position next year before deciding on the next package of measures.
- MAS' view on bank consolidation remains unchanged - that the Singapore market is too small to support more than two major local banks, and that further consolidation and mergers will help banks to achieve economies of scale and compete internationally, or at least regionally. 2.
- MAS can only encourage, not dictate. There have been no moves by the local banks to merge so far. As competition intensifies in the banking industry, through the progress of technology and our liberalisation measures, the pressure on banks to consolidate and rationalise will grow.
- MAS
- Media Releases
Last revised date:
- Tharman Shanmugaratnam, Minister for Education and Deputy Chairman of MAS, who will co-chair the seminar with IMF Managing Director Mr Rodrigo de Rato, said: "MAS is pleased to co-host this high-level seminar on Asian regional financial integration with the IMF.
- 29 August 2005...The Monetary Authority of Singapore (MAS) and the International Monetary Fund (IMF) will jointly host a high-level seminar on Asian regional financial integration in Singapore on Saturday, September 3, 2005. 2 Finance Ministers, Central Banks Governors and senior officials from the
- MAS
- Media Releases
Last revised date:
- Singapore, 8 February 2006...The Monetary Authority of Singapore (MAS) announced that the Singapore Deposit Insurance Corporation Limited (SDIC) has been set up to administer the deposit insurance scheme and manage the deposit insurance fund.
- This follows the enactment of the Deposit Insurance Act in 2005. 2 SDIC is a company limited by guarantee under the Companies Act and is a separate entity from MAS. The members of the company are Mr James Koh Cher Siang, Mr Thean Lip Ping and Mr Law Song Keng.
- The board of SDIC is appointed by its members, and is accountable to the Minister in charge of MAS, Senior Minister Goh Chok Tong. 3 The board is chaired by Mr James Koh Cher Siang. The other directors are Mr Law Song Keng, Mr Ron Foo Siang Guan, Mr Han Eng Juan and Professor Hong Hai.
- MAS
- Media Releases
Last revised date:
- Citibank will be the settlement bank while BCS will be the clearing agent for the USDCCS. 2 At the contract signing ceremony held at the Monetary Authority of Singapore (MAS) today, Mr Koh Ching Ang, MAS' Executive Director for Finance, congratulated Citibank and BCS on their re-appointments.
- Terry Goh, MAS' Director for Market Infrastructure and Risk Advisory, said, "We are always looking into ways to improve the payment systems and infrastructure in Singapore in order to provide the public with better service at competitive prices.
- MAS
- Media Releases
Last revised date:
- Singapore 17 September 2002 - The Monetary Authority of Singapore (MAS) today issued the Bills of Exchange (Cheque Truncation) Regulations 2002 , which will come into operation on 20 September 2002.
- The regulations can also be obtained from the MAS website at http://www.mas.gov.sg under Statutes, Regulations & Notices. ***
- The amendments also allow MAS to make regulations relating to cheque truncation with the approval of the Minister. 3 The regulations were a result of inputs from the banks and the Singapore Automated Clearing House, who is the operator of the CTS.