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- Media Releases
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- Singapore, 29 November 2022… The Monetary Authority of Singapore (MAS) today announced the renewal of the Bilateral Local Currency Swap Arrangement with the Bank of Japan (BOJ) for another three years. 2 Under the arrangement, the two central banks can exchange local currencies with each other of up
- MAS will thus be able to provide Japanese Yen liquidity to eligible Singapore financial institutions to support their cross-border operations. 3 The arrangement was established in November 2016 and renewed in November 2019 for three years. ***
- MAS
- External Publications
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- guidance on risk management practices. 19 Paragraph 5.4.1 of MAS Guidelines on Outsourcing, 27 July 2016 sets out MAS expectation that FIs should subject service providers to appropriate due diligence processes to assess the risk associated with outsourcing arrangements
- Authority of Singapore Personal Data Protection Commission Suspicious Transaction Report Singapores Suspicious Transaction Reporting Office Working Group machine learning MAS PDPC STR STRO WG 33
- when considering such arrangements. 20 These principles are consistent with MAS Technology Risk Management Guidelines, June 2013 which make reference to FIs ensuring that outsourced service providers grant the FI access to their systems, operations, documentation and facilities
- MAS
- Speeches
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- that the Monetary Authority of Singapore may give under the bilateral agreement (or its subsequent variations) to be made by the Monetary Authority of Singapore (on behalf of the Government of the Republic of Singapore) with the International Monetary Fund to support the COVID-19 Crisis Capacity Development
- Mr Deputy Speaker, on behalf of Senior Minister and Minister in Charge of the Monetary Authority of Singapore, I beg to move, “That this Parliament, in accordance with section 6A(2)(d) of the Bretton Woods Agreements Act (Chapter 27 of the 2012 Revised Edition), resolves that the maximum amount of grants
- MAS
- Media Releases
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- Singapore, 10 February 2009...The Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the prudential regulator of financial institutions in Germany. 2 The MOU provides a formal basis for supervisory
- paves the way for mutual assistance and sharing of supervisory information between the two authorities to strengthen the supervision of cross-border operations of financial institutions under their purview. 3 The MOU was signed by Ms Teo Swee Lian, Deputy Managing Director (Prudential Supervision), MAS
- MAS
- Media Releases
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- Comments from MAS on AIA's Policy Conservation Programme: "MAS welcomes AIA's statement offering policyholders who surrendered their whole life and endowment policies between 15 and 19 September 2008 the option to reinstate their policies without penalties.
- Policyholders should not to act hastily to terminate their insurance policies as they may suffer losses from the premature termination and lose the insurance protection they may need. " - Mr Low Kwok Mun, Executive Director (Insurance Supervision), Monetary Authority of Singapore
- MAS
- Media Releases
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- Singapore, 7 January 2008...The Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) with the Australian Prudential Regulation Authority (APRA), the prudential regulator of financial institutions in Australia. 2 The MOU provides a formal basis for supervisory cooperation
- paves the way for mutual assistance and sharing of supervisory information between the two authorities to strengthen the supervision of cross-border operations of financial institutions under their purview. 3 The MOU was signed by Ms Teo Swee Lian, Deputy Managing Director (Prudential Supervision), MAS
- MAS
- Media Releases
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- Singapore, 11 March 2013…Emeritus Senior Minister (ESM) and Senior Advisor to the Monetary Authority of Singapore (MAS) Goh Chok Tong will visit Tokyo from 12 to 15 March 2013.
- ESM Goh will be accompanied by senior officials from the MAS, the Ministry of Foreign Affairs and the Singapore Economic Development Board.
- MAS
- Speeches
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- that the Monetary Authority of Singapore may give under a bilateral agreement (or its subsequent variations) to be made by the Monetary Authority of Singapore (on behalf of the Government of the Republic of Singapore) with the International Monetary Fund to support the Catastrophe Containment and Relief
- Mdm Speaker, on behalf of Deputy Prime Minister and Minister in Charge of the Monetary Authority of Singapore, I beg to move, “That this Parliament, in accordance with section 6A(2)(d) of the Bretton Woods Agreements Act (Chapter 27 of the 2012 Revised Edition), resolves that the maximum amount of grants
- MAS
- Notices
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- Amendment Notes 01 Dec 2013 MAS Notice 826 dated 29 November 2013 takes effect. 01 Dec 2013 MAS Notice 826 dated 01 April 2010 is cancelled. 01 Apr 2010 MAS Notice 826 dated 01 January 2003 takes effect.
- MAS
- Media Releases
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- Singapore, 7 October 2005...The Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) with the Financial Services Authority (FSA), the United Kingdom's financial services and markets regulator. 2 The MOU provides a formal basis for supervisory cooperation between the
- the enhanced sharing of supervisory information and bilateral cooperation between the two authorities to strengthen the supervision of cross-border operations of financial institutions under their purview. 3 The MOU was signed by Ms Teo Swee Lian, Deputy Managing Director (Prudential Supervision), MAS