Showing 5563 Documents for "MAS"
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- MAS
- Media Releases
Last revised date:
- Singapore, 3 April 2020… The Monetary Authority of Singapore (MAS) affirmed that financial services will remain open and available to all customers and counterparties in Singapore and globally. All financial markets in Singapore remain open, and payment services are unaffected.
- MAS has instructed financial institutions to ensure that their customer-facing locations adhere to all relevant guidance on safe distancing issued by MOH. *****
- Customers applying for the financial relief measures (e.g. deferral of bank loan and insurance premium payments) announced by MAS on 31 March 2020, are urged to contact their financial service providers through phone or email. They do not have to go to the financial institutions’ premises. 6.
- MAS
- Letters to Editor
Last revised date:
- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- Further, the Monetary Authority of Singapore (MAS) had stated clearly, in a statement issued on 15 September 2016, that participation in a tax amnesty programme would not in and of itself lead to criminal investigation in Singapore.
- MAS had in July and September 2016, made public its advice to banks in Singapore to encourage their clients to use the opportunity accorded by tax amnesty programmes to regularise their tax affairs to the extent applicable to them.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1. MAS takes seriously the security of electronic payment transactions. Encryption is one of the safeguards against cyber threats and fraud concerning e-payments, but not the only one needed.
- FIs are required by MAS to have plans, such as back-up power supply or an alternate telecommunications service provider, to ensure continuity of service during disruptions. 3. MAS conducts periodic reviews of FIs to assess the adequacy of controls to manage technology and business continuity risks.
- MAS
- Media Releases
Last revised date:
- Singapore, 30 November 2016… The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (Shanghai FSO) held the 2nd Shanghai-Singapore Financial Forum (SSFF) in Shanghai today.
- In November last year, Shanghai FSO and MAS co-organised the Singapore-Shanghai Financial Forum; a new platform to strengthen financial cooperation between Singapore and Shanghai.
- The panel sessions focused on cross-border collaboration in the areas of Renminbi internationalisation, China’s Belt-and-Road initiative, infrastructure and project financing, and financial technology. 3 Ms Jacqueline Loh, Deputy Managing Director of MAS, said, “We are pleased to partner the Shanghai
- 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
- Letters to Editor
Last revised date:
- This is why MAS, ACRA, SGX and the industry are working together to provide practical guidance to audit committees. MAS is also working with the Singapore Institute of Directors to review the training and professional development of directors in Singapore to expand the pool of qualified directors.
- Angelina Fernandez Director (Communications) Monetary Authority of Singapore Kelly Long Vice-President and Head of Corporate Communications Singapore Exchange Limited
- MAS and SGX will continue to review the Code to ensure that it remains relevant. At the same time, we will press on with the challenge of moving more Singapore listed companies beyond a tick-a-box approach to corporate governance to effect substantive changes in behaviour and practices.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 Banks are not required by law or by MAS to ask parents wanting to open savings accounts for their disabled children to produce a court order.
- MAS will work with relevant government bodies, the Courts and the legal and banking industry groups, to find a way to address these difficulties. ***
- The court order also assures the bank that it has properly discharged the instructions of persons who have legal rights to act on behalf of the child. 3 MAS appreciates that some parents may face difficulties in procuring a court order.
- MAS
- Media Releases
Last revised date:
- Singapore, 7 January, 2014… The Monetary Authority of Singapore (MAS) announced today that it will issue "good-as-new" $2 notes, along with brand new ones, for the coming Lunar New Year.
- Our participating retail banks will actively promote the use of these notes at their branches, ATMs and websites," said Mrs Ong-Ang Ai Boon, ABS Director. 5 "We are pleased to work with MAS on this initiative for the second year running.
- The initiative is supported by the Association of Banks in Singapore (ABS) and the Environmental Challenge Organisation (ECO Singapore). 3 Mr Andrew Khoo, Deputy Managing Director, MAS, said, "Last year, 11% of $2 notes issued for the Lunar New Year were 'good-as-new' notes.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Lawrence Wong, Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 Coins issued by the Monetary Authority of Singapore (MAS) are legal tender in Singapore for the payment of goods or services, up to the
- But MAS expects banks to disclose the fees for their services so that consumers can make informed decisions. ***
- MAS
- Media Releases
Last revised date:
- Singapore, 6 June 2022… The Monetary Authority of Singapore (MAS) today issued revised Guidelines on Business Continuity Management (BCM) for financial institutions (FIs), to help FIs strengthen their resilience against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and
- that support critical business services, and address any gaps that could hinder the effective recovery of such services; and c) enhance threat monitoring and environmental scanning, and conduct regular audits, tests, and industry exercises. 3 Mr Vincent Loy, Assistant Managing Director (Technology), MAS
- MAS thanks all respondents for the invaluable suggestions in shaping the Guidelines. *** Additional Information The BCM Guidelines were first issued to the financial industry in June 2003, with a focus on the organisational response and recovery process to minimise the impact of business disruptions.