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- MAS
- Circulars
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- Risk management principles and best practice standards to guide financial institutions in managing the technology and cyber security risks of public cloud adoption. Circular No. MAS/TCRS/2021/03 1 June 2021 To Chief Executive Officers of All Financial Institutions Dear Sir / Madam ADVISORY ON ADDRESSING THE TECHNOLOGY AND CYBER SECURITY RISKS ASSOCIATED WITH PUBLIC CLOUD ADOPTION Public cloud services1 are adopted by a growing number of financial institutions (FIs)
- MAS
- Consultations
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- This consultation seeks views on the proposals (i) to strengthen MAS’ investigative powers to enhance its ability to gather evidence; (ii) to clarify that MAS may reprimand a person for misconduct even after the person has left a financial institution (FI) or the financial industry; and (iii) to introduce powers to enable MAS to impose requirements on certain FIs to manage risks arising from the conduct of unregulated businesses. Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Amendments
- MAS
- Media Releases
Last revised date:
- Singapore, 16 November 2017…The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards. 2 Reflecting the growth in the FinTech ecosystem, this year’s winning solutions span multiple business areas, such as digital advisory, investment analytics, blockchain-based biometrics, and e-payments. Deputy Prime Minister and Chairman, MAS, Mr Tharman Shanmugaratnam, and ABS Vice-Chairman, Mr
- MAS
- Media Releases
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- Video Conference Meeting, 2 October 2020 1. We, the Finance Ministers and Central Bank Governors of ASEAN, convened the 6th Joint Meeting of the ASEAN Finance Ministers and Central Bank Governors (AFMGM) under the co-chairmanship of H.E. Dinh Tien Dung, Minister of Finance of Viet Nam, and H.E. Le Minh Hung, Governor of the State Bank of Viet Nam. The Meeting was held via video conference due to the COVID-19 pandemic that also caused the meeting originally scheduled in March 2020 to be deferred
- MAS
- Media Releases
Last revised date:
- Singapore, 12 November 2018… The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) are partnering with six private sector partners to create a Proof of Concept (“POC”) hybrid business data and digital solutions hub. The initiative will leverage on Artificial Intelligence (AI) to facilitate the internationalisation and digitalisation of Small and Medium-sized Enterprises (“SMEs”). The private sector partners are GlobalLinker 1 , Mastercard, SAP, Yellow Pages and
- MAS
- Speeches
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- Ambassador Gopinath Pillai, Chairman, Institute of South Asian Studies Mr J Y Pillay Chairman, Singapore Council of Presidential Advisers Professor Subrata Mitra, Director, ISAS Distinguished guests Ladies and gentlemen 1. I would like to thank Ambassador Pillai and ISAS for inviting me to deliver the keynote address at today’s symposium on ‘India’s Changing Financial Landscape’. This is a topical issue that is receiving much attention. 2. The financial sector is integral to the development
- MAS
- Media Releases
Last revised date:
- Singapore, 14 November 2022… The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) have signed a Memorandum of Understanding on 11 November 2022 to jointly develop integrated and digital financial ecosystems for micro, small and medium enterprises (MSMEs) from least developed countries (LDCs). 2 The partnership will help MSMEs enhance their digitalisation capabilities and facilitate greater access to finance through open digital infrastructures. As a start
- MAS
- Media Releases
Last revised date:
- 1. We, the Finance Ministers and Central Bank Governors of ASEAN, convened the 5th Joint Meeting of the ASEAN Finance Ministers and Central Bank Governors in Chiang Rai, Thailand on 5 April 2019 under the co-chairmanship of Mr. Apisak Tantivorawong, Minister of Finance of the Kingdom of Thailand, and Mr. Veerathai Santiprabhob, Governor of the Bank of Thailand. 2. We reiterate our commitment to the pursuit of an integrated ASEAN to support economic growth and strengthen financial stability
- PDPC
- Commission's Decisions
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- A financial penalty of $72,000 was imposed on RedMart for failing to put in place reasonable security arrangements to protect the personal data in its possession or under its control. Click here for more information. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2010-B7266 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 Organisation And RedMart Limited DECISION -------- RedMart Limited [2022] SGPDPC 8 Lew Chuen Hong, Commissioner Case No
- MAS
- Media Releases
Last revised date:
- Singapore, 2 June 2018… The Department of Economic Affairs (DEA), Government of India, and the Monetary Authority of Singapore (MAS) yesterday signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial innovation between Singapore and India, through the establishment of a Joint Working Group (JWG). The JWG will be co-chaired by MAS Deputy Managing Director Jacqueline Loh and India Department of Financial Services (DFS) Additional Secretary Ravi Mital. 2. Singapore and India