Showing 5563 Documents for "MAS"
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- MAS
- Circulars
Last revised date:
- schedules via MAS data collection gateway (DCG) and the timeline in relation to the implementation of the final Basel III reforms in Singapore.
- PPD 08/2023 8 June 2023 To the Chief Executive Officers of All Locally-incorporated Banks Dear Sir/Madam IMPLEMENTATION TIMELINE FOR THE FINAL BASEL III REFORMS IN SINGAPORE We refer to the MAS Circular PPD 11/2022 dated 19 December 2022 on the submission of reporting
- Specifically, the requirements in the revised MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore will come into effect as follows: a) for all standards other than the revised market risk and credit valuation adjustment (CVA) standards: with
- MAS
- Monographs/Information Papers
Last revised date:
- MAS recognises that FIs are at varying stages of putting in place the relevant risk management processes.
- The information papers on environmental risk management for banks, insurers and asset managers provide an overview of the progress made in implementing the MAS Guidelines on Environmental Risk Management.
- MAS will continue to partner FIs to accelerate their efforts in translating their environmental risk strategy and risk appetite into concrete milestones and tangible targets for action.
- MAS
- Letters to Editor
Last revised date:
- The MAS rules are not imposed on merchants, which may decide to extend credit based on commercial considerations, nor on moneylenders who are not licensed by MAS.
- Banks and other financial institutions regulated by MAS may only lend to individuals with a minimum annual income of $30,000 and subject to a maximum credit limit.
- Yours sincerely, Angelina Fernandez Director (Communications) Monetary Authority of Singapore Lim Bee Khim Deputy Director Corporate Communications Ministry of Trade and Industry Janaine Lau Assistant Director Corporate Communications Ministry of Law
- MAS
- Media Releases
Last revised date:
- A copy of MAS' consultation paper () can also be accessed at MAS' website. ***
- The Monetary Authority of Singapore (MAS) today commenced public consultation on proposed revised guidelines for retail hedge funds.
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 17 June 2019… The Monetary Authority of Singapore (MAS) has issued 3-year prohibition orders (POs) against Mr Paris Michele for dishonest conduct.
- MAS’ investigation found that Mr Michele had falsified emails on such background checks. 5 Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said, “Financial services professionals play a pivotal role in maintaining Singapore’s status as a responsible and trusted
- MAS
- Parliamentary Replies
Last revised date:
- MAS will continue to engage Facebook on its plans for Libra, and consider appropriate regulatory responses once they are clear. * * *
- Like other regulators around the world, MAS will make an informed assessment of the potential benefits and risks of Libra once these details become clear. 3.
- Depending on its nature, Libra may be regulated under the PS Act, and be subject to requirements on anti-money laundering and countering the financing of terrorism imposed under the MAS Act.
- MAS
- Media Releases
Last revised date:
- Singapore, 23 March 2020… The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points.
- MAS will continue to work closely with the industry to ensure that Singapore’s financial sector remains resilient and contributes to the national effort against COVID-19. ***
- FIs were asked to strengthen their measures to meet the latest advisory from MAS, as well as the relevant guidance issued by the Ministry of Health, the Ministry of Manpower and Enterprise Singapore.
- MAS
- Parliamentary Replies
Last revised date:
- The Bill was tabled for Parliament as soon as MAS was able to do so.
- In preparing the Bill, MAS conducted two extensive consultations with the industry and the public in 2005 and again in 2007. 5. The issues were complicated and diverse feedback was received from a wide range of stakeholders.
- After studying various approaches, MAS decided to introduce a framework under the Insurance Act to give policy owners clear, simple and economical means to decide on how the proceeds from their insurance policies should be disbursed. 4.
- MAS
- Circulars
Last revised date:
- Approved Marine, Aviation and Transit Insurers) Regulations and Insurance (Approved Marine, Aviation and Transit Brokers and Approved Reinsurance Brokers) Regulations to give effect to the commitments made under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. 10 Shenton Way MAS
- Under the CPTPP, Singapore committed to liberalise the cross-border supply of international marine, aviation and goods in transit (MAT) insurance, MAT insurance broking and reinsurance broking. 2 MAS has issued the Insurance (Approved Marine, Aviation and Transit Insurers) (Amendment
- The Amendment Regulations will come into operation on 30 December 2018 and are available at the following links: 1 These include Singapore, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru and Vietnam. -------- Monetary
- MAS
- Circulars
Last revised date:
- MAS will be revising the annual fees for approved exchanges (AE) and approved clearing houses (ACH) with effect from 1 July 2017. Circular No.
- will be revising the annual fees for approved exchanges (AE) and approved clearing houses (ACH) with effect from 1 July 2017. 2 This is the first revision in 12 years since the annual fees were introduced in 2005 and is necessary to improve MAS cost recovery.
- 2017 The Chief Executive Officers of All Approved Exchanges The Chief Executive Officers of All Approved Clearing Houses Dear Sir REVISION OF ANNUAL FEES FOR APPROVED EXCHANGES AND APPROVED CLEARING HOUSES WITH EFFECT FROM 1 JULY 2017 We wish to inform you that MAS