Showing 5563 Documents for "MAS"
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- MAS
- Letters to Editor
Last revised date:
- The Monetary Authority of Singapore (MAS) has stepped up its efforts on this front in recent years through MoneySENSE, the national financial education programme.
- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- MAS will continue to enhance its financial education initiatives and partner grassroots organisations to reach a wider audience.
- MAS
- Media Releases
Last revised date:
- Singapore, 3 May 2018… The Monetary Authority of Singapore (MAS) has issued a 4-year prohibition orders against Mr Lim Fang Wee. 2 The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers
- the FAA and took effect from 30 April 2018. 5 Mr Lee Boon Ngiap, Assistant Managing Director (Capital Markets), MAS, said: “The financial industry is the first line of defence in detecting suspicious transactions.
- Mr Lim was responsible for servicing these three accounts and was aware that the individuals listed as beneficial owners in the bank’s records were in fact nominees. 4 The prohibition orders against Mr Lim were issued by the MAS pursuant to section 101A(1)(ca) of the SFA, and section 59(1)(bb) of
- MAS
- Media Releases
Last revised date:
- As part of our enhanced monitoring, MAS is maintaining close contact with a range of financial institutions. This should not be interpreted as concern about any particular institution.
- Comment by MAS Spokesperson on Market Conditions: "Following coordinated action from central banks in key jurisdictions yesterday, US$ funding conditions improved overnight and have continued to ease today (Asian time). US$ borrowing rates in Singapore have eased significantly.
- Given the current uncertainty and volatility in the international financial markets, MAS reminds market participants to be responsible in disseminating information to the market. This includes electronic communications such as emails, commentaries on online forums and blogs.
- MAS
- Media Releases
Last revised date:
- Angelina Fernandez Director (Communications) Monetary Authority of Singapore
- Depositors and insurance policyholders should be reassured that banks and insurance companies in Singapore are required by the MAS to have assets exceeding their liabilities by an appropriate margin.
- MAS, together with the Singapore Deposit Insurance Corporation (SDIC) that administers the deposit insurance scheme, will review the coverage limit regularly, taking into consideration the objectives of the scheme and international norms.
- MAS
- Letters to Editor
Last revised date:
- Angelina Fernandez Director (Communications) Monetary Authority of Singapore
- Depositors and insurance policyholders should be reassured that banks and insurance companies in Singapore are required by the MAS to have assets exceeding their liabilities by an appropriate margin.
- To protect depositors and policyholders, MAS' approach has been to emphasise stringent regulation and supervision of financial institutions so that weaknesses can be identified and addressed at an early stage.
- MAS
- Media Releases
Last revised date:
- MAS requires financial institutions to have a rigorous process to look into every complaint and to ensure that legitimate grievances are dealt with expeditiously.
- Morgan Stanley has informed MAS that while a Mandatory Redemption Event has not occurred as a result of the credit events, it is likely that a Mandatory Redemption Event may shortly occur.
- Singapore 20 May 2009...Morgan Stanley Asia (Singapore) Pte (Morgan Stanley) the arranger of the Pinnacle Notes Series 1 (the Notes), has informed MAS and distributors of the Notes that credit events have occurred in relation to the underlying securities of the Notes. 2 The terms of the Notes provide
- MAS
- Letters to Editor
Last revised date:
- The Monetary Authority of Singapore (MAS) has set the minimum annual income requirements for credit card at $30,000 for individuals below 55 years old. In setting the eligibility at this level of income, the MAS has to balance several objectives.
- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- MAS
- Parliamentary Replies
Last revised date:
- The number of cars which have been repossessed by finance companies regulated by the MAS has declined in the last 3 years, from about 1,100 in 2005 to 290 in 2007. 2.
- Non-performing car loans granted by financial institutions regulated by MAS have been declining since 2003 and there is currently no indication that borrowers are taking on unsustainably large loans.
- As part of ongoing supervision, MAS requires that banks and finance companies put in place appropriate risk management practices that are commensurate with the risk profile of the activities undertaken. 3.
- MAS
- Letters to Editor
Last revised date:
- Dawn Chew Director (Corporate Communications) Monetary Authority of Singapore
- Looking ahead, in deciding whether to introduce new types of Singapore Government Securities (SGS), MAS and the Government will carefully consider the needs and characteristics of all investors.
- We thank Mr Jarrett Choo Hong Li for his letter on 28 October 2022 suggesting that the MAS re-examine the merits of issuing inflation-linked bonds during this period of elevated inflation globally. 2 Inflation-linked bonds are bonds where the principal and interest pay-outs rise or fall based on a specified
- MAS
- Speeches
Last revised date:
- We will be forming a Debt Market Committee comprising representatives from MAS and other relevant Government agencies.
- We also welcome other leading financial institutions to join the ranks of the sixteen ABIs, and work together with the MAS to grow the Singapore bond market.
- This multi-agency committee, chaired by Mr Koh Yong Guan, Managing Director of MAS, with Mr Lam as Deputy Chairman, will drive and coordinate the overall strategies in developing the Singapore debt markets.