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- 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
- Ms Jacqueline Loh, Deputy Managing Director, MAS, said, “Singapore and India have embarked on a digitalisation journey to harness technology and boost innovation. Both countries have a growing and vibrant FinTech ecosystem.
- 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 have already achieved good progress in FinTech co-operation.
- MAS
- Media Releases
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- Singapore, 27 June 2006...The Monetary Authority of Singapore (MAS) today announced its response to recommendations made by the Singapore Investment Banking Association Equity Derivatives and Structured Products Taskforce. 2 In the immediate term, MAS will take the following steps: (a) Study further
- complement the structured warrants on shares and stock indices currently listed on the SGX; and (d) Work with SIBA and the Institute of Banking and Finance (IBF) to enhance knowledge of equity derivatives and structured products in the Capital Markets and Financial Advisory Services (CMFAS) Examination. 3 MAS
- MAS
- Media Releases
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- They will provide MAS with regular updates on the progress of the financial institutions’ complaints review and will highlight to MAS any shortcoming in their processes as well as any issues that require regulatory follow up. 3 Investors who are not satisfied with the outcome of their financial institution's
- Singapore 2 February 2009...In consultation with MAS, Hong Leong Finance (HLF) has appointed Mr Hans Tjio as the independent person (IP) for its resolution of complaints relating to Pinnacle Notes Series 9 and 10.
- In various stints during his career, Mr Tjio has also been seconded to the Monetary Authority of Singapore and Ministry of Law. He is currently a member of the Securities Industry Council and was previously on the Ministry of Finance's Company Legislation and Regulatory Framework Committee.
- MAS
- Media Releases
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- Authority of Singapore (MAS) and the People’s Bank of China (PBC), and the enhancement of the bilateral swap agreement between the two central banks, which paved the way for the launch of RMB clearing functions in Singapore in May this year. 5 MAS Managing Director, Mr Ravi Menon, said: “2013 has been
- These initiatives would not have been possible without the excellent relations between MAS and our central bank and regulatory counterparts in China.
- in banking regulatory issues, through exchanges and dialogues on topics of shared interest, and enhanced coordination on international regulatory issues. 4 These new initiatives build on agreements concluded earlier this year, including the signing of the MOU on RMB Business Cooperation between the Monetary
- MAS
- Parliamentary Replies
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- The proportion of borrowers taking multiple housing loans has also declined. 9 MAS will continue to encourage financial prudence to keep household debt at a manageable level. ***
- However, as MAS has indicated before, a small segment of highly leveraged households could be vulnerable, should interest rates rise more quickly than expected. 7 We have taken a series of measures to encourage financial prudence.
- 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 Market participants are expecting the US Federal Reserve to start raising interest rates at some stage next year.
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 According to the Insolvency & Public Trustee’s Office, 1,760 individuals became bankrupt last year, compared to 2,000 and 1,750 individuals in 2013 and 2012 respectively.
- MAS also imposes loan-to-value and loan tenure limits on housing and motor vehicle loans extended by financial institutions to encourage financial prudence. 4 For credit cards, only individuals with annual incomes of $30,000 or more can qualify for credit cards.
- Borrowers who are unsure can contact CCS to find out more about the scheme and other repayment solutions that are available. 7 MAS will also continue to work with MoneySENSE - a national financial education programme - to raise public awareness on debt management. ***
- MAS
- Speeches
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- The Monetary Authority of Singapore (MAS) is happy to support the initiatives conducted by IIFM, a global standard-setting body specifically for the Islamic capital and money market segment of the industry.
- MAS has undertaken a host of initiatives to create a conducive environment for Islamic financial activities. Our fundamental approach is to level the playing field between Islamic and conventional finance as many of the same risks can be found in both.
- Welcome Remarks by Mr Tai Boon Leong Executive Director, Monetary Authority of Singapore At IIFM Industry Briefing on Islamic Hedging & Liquidity Management Instruments Grand Hyatt, Singapore, 4 June 2012 Mr Simon Eedle, Vice Chairman of the International Islamic Financial Market Ladies and Gentlemen
- MAS
- Speeches
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- As central banks, SNB and MAS share some common challenges.
- Working with SNB over the last ten months to set up this branch has been a real delight for MAS. You are clear in your objectives, methodical in your approach, and always gracious and understanding in your dealings.
- Thomas, you will always have the full support of my colleagues and I at the MAS, as SNB grows its presence here. Once again, please accept my congratulations on the opening of your branch. Have an enjoyable evening ahead!
- MAS
- Parliamentary Replies
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- MAS will monitor development in the BNPL sector and continue to engage the industry as part of subsequent reviews of the BNPL Code as necessary. 5.
- MAS, through MoneySense, also regularly shares content on the importance of money management and financial budgeting on MoneySense’s website and social media channels.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS : 1. Financial institutions (FIs), such as banks and non-bank credit card issuers, provide about 98% of all credit extended to Singapore households.
- MAS
- Subsidiary Legislation
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- RAVI MENON Managing Director, Monetary Authority of Singapore.
- RAVI MENON Managing Director, Monetary Authority of Singapore. [ID 05.1 V35; AG/LEGIS/SL/142/2020/8 Vol. 1]
- [ID05.1 Vol. 35; AG/LEGIS/SL/142/2020/8 Vol. 1] INSURANCE ACT (CHAPTER 142) INSURANCE (APPROVED MARINE, AVIATION AND TRANSIT INSURERS) (AMENDMENT) REGULATIONS 2020 In exercise of the powers conferred by sections 52(1A) and 64 of the Insurance Act, the Monetary Authority of Singapore makes