Showing 5563 Documents for "MAS"
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- MAS
- Circulars
Last revised date:
- A soft copy of this application form in excel format should also be submitted to MAS.)
- Under section 36(6) of the Insurance Act (Cap. 142), licensed insurers shall seek MAS approval prior to the appointment of auditors. MAS has revised the application forms for the appointment of auditor in 2 Circular No.
- The completed application forms should be submitted to MAS no later than one month before the proposed date of appointment of auditor. -------- 3 Circular No. ID 26/13 is cancelled with immediate effect.
- MAS
- Speeches
Last revised date:
- MAS will soon issue a set of mandatory requirements on cyber hygiene that will apply to all financial institutions in Singapore.
- MAS expects banks to: limit unscheduled system downtime of their critical IT systems to not more than 4 hours within a year; conduct due diligence on third-party service providers’ controls to safeguard customer information; and report all significant cyber incidents to MAS within one hour.
- This is why the MAS, the ASEAN Bankers Association, and the World Bank’s International Finance Corporation have teamed up to establish the ASEAN Financial Innovation Network, or AFIN in short.
- MAS
- Media Releases
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- MAS Advisors Mr Brian Quinn, Chairman of Nomura Bank International plc. Mr Stephen Thieke, formerly Managing Director of JP Morgan, now retired
- Singapore, 1 Feb 2000 - The Monetary Authority of Singapore's International Advisory Panel (IAP) identified challenges and opportunities for Singapore's financial sector during their one-and-a-half day meeting in Singapore.
- ANNEX 1 MAS IAP MEMBERS AND ADVISORS WHO ATTENDED THIS YEAR'S MEETING Mr J Y Pillay, Chairman of the IAP and Chairman, Singapore Exchange; Mr Alfred Berkeley, President of the Nasdaq Stock Market Inc; Mr Gerald Corrigan, Managing Director, Goldman Sachs & Co.; Mr Toyoo Gyohten, President of the Institute
- MAS
- Speeches
Last revised date:
- I look forward to many more collaborative efforts by MAS, the financial industry and consumer groups. 18 I am pleased to formally launch FIDReC this morning, and I wish FIDReC every success. 19 Thank you.
- Capital markets disputes will also, for the first time, be brought under a dispute resolution scheme. 10 MAS fully supports this initiative, and has provided funding for the set-up cost from the Financial Sector Development Fund.
- I am very pleased to be here today for the launch of the Financial Industry Disputes Resolution Centre, or FIDReC. 2 Fair and transparent dealing by financial institutions, and informed decision making by empowered consumers are two key objectives of MAS in the supervision of the financial sector.
- MAS
- Media Releases
Last revised date:
- Singapore, 28 December 2021… The Monetary Authority of Singapore (MAS) strongly encourages members of the public to give e-hong baos or reuse notes for the coming Lunar New Year (LNY).
- MAS issues approximately 100 million pieces of new notes annually for LNY and other festive periods. A large proportion of the new notes issued, in particular the $2 notes, are returned by members of the public after LNY and subsequently destroyed as it far exceeds normal circulation demand.
- The carbon emissions from the production, transportation, and destruction of such new notes each year is highly wasteful, unnecessary, and impacts the environment negatively. 4 MAS has been working with The Association of Banks in Singapore as well as FinTech firms, to develop e-gifting solutions as
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 11 October 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct.
- MAS will not tolerate such behaviour and will take decisive action to keep such individuals out of the industry.” *****
- He was sentenced to 10 weeks’ imprisonment. 12 Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said: “Those who provide financial services to the public must be trustworthy.
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 11 October 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct.
- MAS will not tolerate such behaviour and will take decisive action to keep such individuals out of the industry.” *****
- He was sentenced to 10 weeks’ imprisonment. 12 Ms Loo Siew Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said: “Those who provide financial services to the public must be trustworthy.
- MAS
- Parliamentary Replies
Last revised date:
- MAS will co-fund the listing expenses of companies in high-growth and technology sectors as well provide grants to widen the research coverage of SGX listed stocks, especially of small and mid-cap companies. Since the grant inception, MAS has approved seven listing grant applications.
- Such platforms can provide growth companies access to a wide network of investors for financing needs just prior to IPO. 10 Finally, step up investor outreach efforts to generate investment ideas and interest. 11 MAS supports SGX’s efforts.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Mr Speaker, Mr Ang’s question is about the prospects and strategies of SGX. We are in a leading position in the trading of Asian equity and commodity derivatives, foreign exchange and fixed income.
- MAS
- Speeches
Last revised date:
- I would also like to thank Euleen, members of the FICS Steering Committee and Workgroups, as well as colleagues from MAS and WDA, for their collective effort which has enabled us to reach this significant milestone today.
- It is heartening that the industry has been working very closely with the MAS, IBF and WDA on major initiatives to achieve these goals. 5 To attract talent, we have reached out to students, working professionals and overseas talent.
- The lead providers have been selected by IBF, in partnership with MAS and WDA, based on their track record in financial training, demonstrated expertise in their respective areas of specialization, organisational capability and readiness to support the FICS initiative.
- MAS
- Speeches
Last revised date:
- This will position them strategically to capture growth opportunities in the upturn. 7 MAS will do our part to encourage these efforts. We will further enhance the training incentives funded by the Financial Sector Development Fund (FSDF) which MAS administers.
- Broadly, MAS will be extending the grant quantum and coverage under the various training schemes. There are three categories: Firstly, for training under the Financial Industry Competency Standard or FICS programmes, trainees will receive higher grant support of 80%.
- Thirdly, under our Finance Scholarship Programme or FSP, MAS will broaden the range of Masters programmes that qualify for support. These include programmes in the areas of finance, applied finance, and financial economics. 8 We will release more details of these enhancements in due course.