Showing 5563 Documents for "MAS"
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- MAS
- Explainers
Last revised date:
- Report such cases to MAS All loans exceeding the 55% threshold must be reported to MAS. At minimum, the report should include: The borrower's profile (age, income, etc.) Details of the loan being granted (TDSR, loan-to-value ratio, loan tenure, etc.) Reasons why an exception was made.
- Report all such exceptional cases to MAS. For details of each requirement, refer to the table: Requirement Details Subject exceptional cases to enhanced credit evaluation The policy and procedure of the overall process must be approved by the FI's board of directors.
- Loans Exceeding the Threshold MAS expects property loans subject to the TDSR framework to not exceed the maximum TDSR threshold of 55%. Loans above the 55% threshold should only be granted in exceptional cases. FIs should have processes in place to evaluate, document and report such loans.
- MAS
- Parliamentary Replies
Last revised date:
- estates where there is a scarcity of these machines; and (b) whether MAS can incentivise banks to provide this service through temporary schemes.
- MAS will work with banks to ensure accessibility to cash withdrawal touchpoints in specific areas where this is a problem, and promote awareness of these touchpoints. 4.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Generally, there is good access to ATMs across Singapore. There are over 220 retail bank branches, and more than 2,660 ATMs located across Singapore.
- MAS
- Media Releases
Last revised date:
- Singapore, 6 February 2018… The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year.
- In relation to this strategic initiative, MAS and SC will set up cross-border supervisory and enforcement arrangements, and work together with the two exchanges to operationalise the link. 3 Tan Sri Dato’ Seri Ranjit Ajit Singh, SC Malaysia Chairman and also ACMF chairman, said “The establishment
- Once operationalised, this pilot initiative can form the basis for future connectivity among ASEAN markets.” 4 Mr Lee Boon Ngiap, Assistant Managing Director, MAS, said “The trading link will help lower trading costs for investors and encourage greater cross-border investments in the stocks listed
- MAS
- Media Releases
Last revised date:
- Singapore, 30 June 2019… The Monetary Authority of Singapore (MAS) welcomes the announcement by the Bank for International Settlements (BIS) to establish an Innovation Hub Centre in Singapore.
- The Singapore Hub Centre will commence operations as soon as the institutional arrangements Institutional arrangements will include location of premises, staffing arrangements, and office infrastructure. for its establishment have been finalised. 3 Mr Ravi Menon, Managing Director, MAS, said, “A
- MAS looks forward to working closely with the BIS and the global central banking community to advance this visionary and important agenda.” *** Additional Information: The Bank for International Settlements (BIS) is an international organisation that serves central banks and other financial authorities
- MAS
- Media Releases
Last revised date:
- Angelina Fernandez Director (Communications) Monetary Authority of Singapore
- The assets in each fund can only be used to meet the fund's expenses and liabilities and each fund's assets must, at all times, exceed its liabilities plus a safety margin imposed by MAS.
- This coverage fully insures more than 80% of individual depositors in Singapore and is within international norms of 80% to 90%. 3 MAS, together with the SDIC, 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
- As for protection for insurance policy owners, MAS requires all insurers to establish a separate insurance fund for each class of business.
- The assets in each fund can only be used to meet the fund's expenses and liabilities and each fund's assets must, at all times, exceed its liabilities plus a safety margin imposed by MAS.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 In September this year, MAS introduced a limit on an individual’s total unsecured debt across financial institutions. This new limit will come into effect in June 2015.
- MAS expects financial institutions to work actively with their affected customers to take steps to bring down their unsecured debt levels.
- MAS will monitor the situation and is prepared to lower the limit over time if necessary. 2 The 12-month limit is however not the only safeguard against borrowers accumulating too much debt.
- MAS
- Letters to Editor
Last revised date:
- Financial advisory firms should be aware whether they are permitted to offer advice on ETFs because they need to be authorised by MAS under the Financial Advisers Act to do so. The list of retail CIS authorised by MAS, including ETFs, is available on the MAS website.
- Bey Mui Leng Director (Communications) Monetary Authority of Singapore
- MAS
- Circulars
Last revised date:
- ID 13/15 6 July 2015 Attention: Chief Executives of All Insurers Dear Sir/Madam REVISION OF MAS NOTICE 211 MAS Notice 211 (the Notice) applies to all direct general insurers (excluding marine mutual insurers and financial guarantee insurers).
- Sets out the amendments to MAS Notice 211 to clarify on applicability, 'fit and proper' requirements, and updates to annexes. The changes take effect on 20 July 2015. Circular No.
- Annexes 1 and 2 will be posted on the same MAS web page as the Notice; and (a) (b) (c) -------- (d) Update Annexes 1 and 2. In addition, a column with the header of recognised with effect from has been added.
- MAS
- Media Releases
Last revised date:
- Singapore, 5 April 2023… The Monetary Authority of Singapore (MAS) yesterday hosted the inaugural Financial Sector Cloud Resilience Forum (Forum) for Asia Pacific financial regulators and Cloud Service Providers (CSPs) to exchange views on appropriate public cloud risk management practices for the financial
- MAS is pleased to establish this Forum to foster closer collaboration between financial regulators and CSPs. The open discussion and commitment by all parties in the Forum to work together is heartening.” ***
- sector. 2 Chaired by Mr Vincent Loy, Assistant Managing Director (Technology), MAS, the inaugural Forum saw more than 20 participants, comprising senior representatives from financial regulatory authorities from other countries Representatives from the Australian Prudential Regulation Authority; Hong