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- Media Releases
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- Singapore, 5 March 2021... The Monetary Authority of Singapore (MAS) today announced four new senior management appointments as part of an ongoing process to renew MAS’ leadership bench. There will also be two changes in senior appointments. The new appointments and changes will take effect on 1 April 2021. Deputy Managing Director 2 Ms Ho Hern Shin, currently Assistant Managing Director (Banking & Insurance), will be appointed Deputy Managing Director (Financial Supervision). She will take
- MAS
- Speeches
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- Keynote Address by Mr Lim Hng Kiang, Minister for Trade and Industry, and Deputy Chairman, Monetary Authority of Singapore 25th Pacific Insurance Conference, Marina Bay Sands Convention Centre Monday, 12 September 2011 Introduction Distinguished guests, Ladies and gentlemen, 1. Good morning and a very warm welcome to everyone. It is my pleasure to join you at the 25 th Pacific Insurance Conference. 2. Prior to the financial crisis, from 2004 to 2007, global life insurance markets
- MAS
- Speeches
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- MAS Board Members, Industry Partners, Distinguished Guests, 1. I am happy to be here today to share with you the road ahead for our financial services sector. 2. Singapore has come a long way in finance. a. We emerged as an international financial centre in the sixties with the establishment and rapid growth of the Asian Dollar Market. b. Over the decades, we’ve anchored reputable banks and other financial institutions here, and developed strengths in the capital markets, reinsurance, and wealth
- MAS
- Media Releases
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- Singapore, 14 November 2018… In a landmark year for financial cooperation between China and Singapore, four milestone agreements were concluded this week between financial regulators and between financial institutions (FIs) from both countries. The exchange of regulatory agreements was witnessed by Chinese Premier Li Keqiang and Singapore Prime Minister Lee Hsien Loong. Premier Li is in Singapore to attend the 33rd ASEAN Summit and related summits on 11 to 15 November 2018. 2 The agreements capped
- MAS
- Speeches
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- A very warm welcome to the Singapore Fintech Festival and the Singapore Week of Innovation and Technology! Impact X Innovation Much of our world today is powered by science and technology. In recent decades, humanity has experienced change at a pace that few would have thought possible. Innovation, and the advancement of technology, have brought about great economic and societal progress. a. COVID-19 has further accelerated the pace of change. The pandemic has speeded the adoption of digital technology
- MAS
- Media Releases
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- Singapore, 20 June 2005...The International Advisory Panel (IAP) of the Monetary Authority of Singapore (MAS) gave strong endorsement to Singapore's strategies for the continued growth of its financial centre. 2 The IAP expressed optimism about the long term growth prospects in Asia. They commented that the emergence of China and India as economic powerhouses was lifting all players. They observed the opportunities for Southeast Asia arising from international firms' desire for diversification
- MAS
- Media Releases
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- Singapore, November 16, 2017—IFC, a member of the World Bank Group, the Monetary Authority of Singapore (MAS) and the ASEAN Bankers Association (ABA), today introduced, an industry FinTech sandbox for financial institutions and FinTech firms as part of the ASEAN Financial Innovation Network (AFIN), at the sidelines of the 2017 Singapore FinTech Festival . AFIN aims to support financial services innovation and inclusion in less developed markets within the ASEAN region and to provide a platform for
- MAS
- Monetary Policy Statements
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- 12 April 2013 INTRODUCTION In October 2012, MAS maintained the modest and gradual appreciation path of the S$NEER policy band, with no change to its slope, width, and the level at which it was centred. This policy stance was deemed appropriate for containing inflationary pressures amid the ongoing economic restructuring. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2 The S$NEER has continued to fluctuate in the upper half of the policy band over the last six months. The broad-based decline
- PDPC
- Commission's Decisions
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- A financial penalty of $3,000 was imposed on Smiling Orchid for failing to make reasonable security arrangements to prevent unauthorised access of its customers’ personal data on its website, whereby users could access other customers’ personal data by altering the URL of its order preview webpage. Smiling Orchid was also issued directions to conduct a security audit and to patch all identified vulnerabilities on its website. Click here to find out more. AND DECISION OF THE PERSONAL DATA PROTECTION
- MAS
- Media Releases
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- Singapore, 1 September 2016… The Monetary Authority of Singapore (MAS) announced today that Singapore remains the largest foreign exchange (FX) centre in the Asia-Pacific region and third largest globally after London and New York, according to the 2016 Triennial Central Bank Survey 1 of the global FX and over-the-counter (OTC) derivatives markets by the Bank for International Settlements (BIS). 2 The average daily trading volume of Singapore’s FX market was US$517 billion in April 2016, up 35%