Showing 3926 Documents for "business trust"
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- Singapore, 19 April 2004...The Monetary Authority of Singapore (MAS) today issued a monograph titled "Objectives and Principles of Financial Supervision in Singapore". The monograph spells out MAS' objectives of supervision, the functions it performs, and the principles that guide its supervisory approach. A key theme of the monograph is that all stakeholders have a shared responsibility to achieve a sound and progressive financial services sector. In issuing the monograph, MAS explains what supervision
- MAS
- Media Releases
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- Singapore, 5 December 2000 - The Singapore Clearing House Association (SCHA) has awarded Citibank and Banking Computer Services Pte Ltd (BCS) another five-year contract for running the United States Dollar Cheque Clearing System (USDCCS) in Singapore. 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
- MAS
- Parliamentary Replies
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- Reply to PQ on the Use of Banks' Names and Corporate Signages on Buildings for Advertisement Purposes Date : For Parliamentary Sitting on 25 Sep 2001 Question : To ask the Deputy Prime Minister, in view of recent changes to the Banking Act and of consolidation within the banking sector, whether there are any restrictions on the use of banks' names and corporate signages on buildings for advertisement purposes. Answer: 1 Up to now, MAS has not allowed banks to exercise naming rights to buildings
- MAS
- Media Releases
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- Singapore, 20 December 2002... An MAS-led workgroup on general insurance today issued a discussion paper and held an industry briefing on developing a risk-based capital framework for the industry. The proposed framework addresses asset risks that are not reflected in the existing capital framework of general insurance companies and refines the allowance for liability and concentration risks. 2 The risk-based capital workgroup was established in April 2002 to review the asset valuation and solvency
- MAS
- Enforcement Actions
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- MAS has issued a prohibition order against Mr Lau Chee Heong (“Mr Lau”), an appointed representative with RHB Securities Singapore Pte Ltd (“RHB”), which prohibits Mr Lau from: (a) conducting business in any regulated activity under the Securities and Futures Act (Cap. 289) (“SFA”); and (b) taking part in the management of any holder of a capital market services licence or any person exempt from holding a capital market services licence under section 99(1) of the SFA, for
- MAS
- Media Releases
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- Bandar Seri Begawan, 12 May 2018… The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. 2 The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between both countries. It will also establish a framework for both authorities to provide support
- MAS
- Media Releases
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- Singapore, 23 November 2020… The Monetary Authority of Singapore (MAS) today announced the launch of a new initiative to provide up to RMB 25 billion of funding to banks in Singapore. The initiative will deepen RMB liquidity and further strengthen banks’ ability to meet the growing RMB business needs of their customers in Singapore and the region. 2 Under this new initiative, RMB funding of up to 3 months will be channelled to the Primary Dealers (PDs) through MAS’ money market operations. The
- MAS
- Media Releases
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- Singapore, 2 June 2008...The Monetary Authority of Singapore (MAS) has updated the Internet Banking and Technology Risk Management (IBTRM) Guidelines following consultation with the industry. The Guidelines aims to assist banks in: Establishing a sound and robust technology risk management framework; Strengthening system security, reliability, availability and recoverability; and Deploying strong cryptography and authentication mechanisms to protect customer data and transactions 2 The revised
- MAS
- Media Releases
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- Singapore, 27 July 2016… The Monetary Authority of Singapore (MAS) today issued new Guidelines on Outsourcing Risk Management to financial institutions (FIs) following extensive industry and public consultation. 2 The Outsourcing Guidelines provide expanded guidance to the industry on prudent risk management practices for outsourcing, including cloud services, which have been adopted by a growing number of FIs. Key changes to the Guidelines include: a) introduction of a new section on cloud computing
- MAS
- Media Releases
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- Singapore, 23 March 2011…The Monetary Authority of Singapore (MAS) today released a consultation paper on proposed regulation of credit rating agencies (CRAs). In line with global developments and to conform with international standards and practices, MAS is proposing to regulate activities conducted by CRAs. This is to ensure that Singapore remains an attractive location for CRAs to operate in. 2 MAS proposes to require CRAs to be licensed under the Capital Markets Services (CMS) licensing regime