Showing 4566 Documents for "economic issues"

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    • MAS
    • Media Releases

    Last revised date:

    •  Singapore, 2 October 2008...MAS understands the current anxiety of many investors who have purchased DBS High Notes 5, Lehman Minibonds and Merrill Lynch Jubilee Series 3 LinkEarner Notes.  Our priority is to ensure that investors’ complaints are heard, documented, reviewed and resolved quickly and fairly. 2   Accordingly, in discussion with the financial institutions (FIs) concerned, MAS has identified three well-respected individuals to oversee the relevant FIs’ complaints handling and resolution
    • PDPC
    • Commission's Decisions

    Last revised date:

    • Directions were issued to Crawfort to conduct a security audit of its technical and administrative arrangements for its AWS S3 environment and rectify any security gaps identified in the audit report. This is pursuant to a data breach incident where Crawfort's customer database were offered for sale in the dark web. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2106-B8446 In the matter of an investigation under section 50(1) of the Personal Data Protection
    • PDPC
    • Commission's Decisions

    Last revised date:

    • Directions were issued to Jiwon Hair Salon, Next@Ion, Next Hairdressing and Initia for failing to put in place data protection policies to comply with the provisions of the PDPA. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC [2] Case No DP-1612-B0431 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And 1. Jiwon Hair Salon Pte. Ltd. 2. Next@Ion Pte. Ltd. 3. Next Hairdressing Pte. Ltd. 3.
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 21 November 2022… The Monetary Authority of Singapore (MAS) would like to address some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle. 2. A first misconception is that it was possible to protect local users who dealt with FTX, such as by ringfencing their assets or ensuring that FTX backed its assets with reserves. MAS cannot do this as FTX is not licensed by MAS and operates offshore A further misconception is that if Singapore investors’ assets
    • MAS
    • Guidelines

    Last revised date:

    • Guidance on the obligations of persons making an offer of unlisted debentures in relation to a cancellation of purchase of an unlisted debenture by an investor. Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) GUIDELINES ON CANCELLATION PERIOD FOR UNLISTED DEBENTURES -------- : 19 April 2011 Guideline No : SFA 13-G12 Issue Date GUIDELINES ON THE CANCELLATION PERIOD FOR UNLISTED DEBENTURES 1 These Guidelines are issued by the Monetary Authority
    • MAS
    • Parliamentary Replies

    Last revised date:

    • Date: For Parliament Sitting on 21 April 2023 Name and Constituency of Member of Parliament Mr Ang Wei Neng, West Coast GRC Question To ask the Prime Minister (a) how many major banking disruptions in the last five years have lasted more than one hour; (b) how many banks have been involved in such disruptions in the last five years; and (c) what are the lessons learned from these disruptions. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Mr Ang Wei Neng asked
    • MAS
    • Speeches

    Last revised date:

    •  - 2nd Reading Speech - By Mr Lee Hsien Loong, DPM, Singapore and Chairman, MAS Date: 16 May 2001 INTRODUCTION 1   Mr Speaker, Sir, I beg to move, "That the Bill be now read a Second time." 2   In the past few years, the MAS has progressively changed the way it supervises the financial sector. Our objective of ensuring financial stability is unchanged. But in order to have a more dynamic and vibrant financial sector, we have shifted emphasis from regulation to supervision. We have moved away from
    • PDPC
    • Commission's Decisions

    Last revised date:

    • PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 26 Case No DP-1706-B0834 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And WTS Automotive Services Pte. Ltd. … Organisation ________________________________________________________ GROUNDS OF DECISION ________________________________________________________ -------- WTS Automotive Services Pte. Ltd. [2018] SGPDPC 26 Tan Kiat How
    • PDPC
    • Commission's Decisions

    Last revised date:

    • PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC 5 Case No DP-1806-B2228 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Tutor City … Organisation DECISION -------- Tutor City [2019] SGPDPC 5 Yeong Zee Kin, Deputy Commissioner — Case No DP-1806-B2228 23 April 2019 Background 1 As more organisations conduct business over the Internet, the volume and sensitivity of personal data collected
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $20,000 was imposed on WTS Automotive Services for failing to make reasonable security arrangements to prevent the unauthorised disclosure of its customers’ personal data. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2018] SGPDPC 26 Case No DP-1706-B0834 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And WTS Automotive Services Pte. Ltd. Organisation ___________