Showing 4746 Documents for "recognised market operator"
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- Singapore, 17 May 1999...The MAS today announced a programme to liberalise commercial banking and to strengthen corporate governance of local banks. This is aimed at promoting a more open and competitive environment to spur the development and upgrading of local banks. In a statement released at a press conference, Deputy Prime Minister and MAS' Chairman Lee Hsien Loong said that the programme would strengthen Singapore's banking system, provide Singaporeans with quality banking services, and enhance
- MAS
- Speeches
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- Second Reading Speech by Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore Mr Speaker Sir, on behalf of the Senior Minister, I beg to move, "That the Bill be now read a second time". 2 Sir, this Bill seeks to amend the Financial Advisers Act ("FAA") concurrent with the amendments to the Securities and Futures Act ("SFA") that have been moved today. It aims to ensure that the regulation of Financial Advisers remains business friendly, while
- MAS
- Speeches
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- MR THARMAN SHANMUGARATNAM SENIOR MINISTER AND COORDINATING MINISTER FOR SOCIAL POLICIES AND MINISTER-IN-CHARGE OF THE MONETARY AUTHORITY OF SINGAPORE 1. The Monetary Authority of Singapore (MAS) seeks to secure sustained non-inflationary economic growth, a robust and resilient financial sector, and Singapore’s position as a leading international financial centre in Asia. Sustained Non-Inflationary Economic Growth 2. Major central banks have increased interest rates at an unprecedented pace amid persistent
- MAS
- Media Releases
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- Singapore, 11 January 2013 JOINT PRESS RELEASE 1 The Government announced today a comprehensive package of measures to cool the residential property market. It also introduced a Seller’s Stamp Duty on industrial properties for the first time, to discourage speculative activity in the industrial market. Cooling Measures for the Residential Property Market 2 The Government has implemented several rounds of measures to cool demand and expand supply, so as to moderate the increase in housing prices
- MAS
- Economic Essays
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- Special Feature 93 Special Feature D Market Versus Government: Welfare-Economic and Mesoeconomic Perspectives by Ng Yew-Kwang1 This Feature discusses the central issue of free markets versus government intervention in both the micro and macroeconomic domains. From the first welfare theorem, the market is efficient under certain conditions. However, in the presence of important external effects like pollution and greenhouse gas emissions, government intervention
- MAS
- Notices
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- Requirements for all banks in Singapore with respect to limitations on branches and places of business they can open, setting up ATMs and ATM networks, and providing debit services on an EFTPOS network. This notice applies to all banks in Singapore, with certain exceptions for banks whose home countries have free trade agreements with Singapore. It covers requirements for: Limits on the number of places of business. Notification requirements for setting up or relocating a place of business. Setting
- MAS
- Letters to Editor
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- 14 Oct 2015 The Editor Business Times Dear Editor A well-functioning securities market is a shared responsibility I refer to Mr NS Nallakaruppan’s letter “Urgent action needed to restore confidence to Singapore market” (The Business Times, 3 October 2015). MAS has indeed been working with SGX and various stakeholders to strengthen Singapore’s securities market. Some of these measures were mentioned by Deputy Managing Director, Mr Ong Chong Tee in an opinion editorial on 26 June 2015. A key set of
- MAS
- Media Releases
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- Singapore, 11 February 2015… The Monetary Authority of Singapore (MAS) issued for consultation today proposed legislative amendments to the Securities and Futures Act (SFA) to effect reforms to the regulation of over-the-counter (OTC) derivatives trading and the securities market. This consultation follows the feedback MAS received on these reforms. Making OTC derivatives markets safer 2. Three years ago, MAS embarked on reforms to make the trading of OTC derivatives safer and more transparent
- MAS
- Monetary Policy Statements
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- 14 April 2014 INTRODUCTION 1 In October 2013, MAS maintained the modest and gradual appreciation path of the S$NEER policy band, with no change to its slope, width, and the level at which it was centred. This policy stance, which has been in place since April 2012, was assessed to be appropriate, taking into account the balance of risks between external demand uncertainties and rising domestic inflationary pressures. Chart 1 S$ Nominal Effective Exchange Rate (S$NEER) 2 Over the last six months
- MAS
- Speeches
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- Asset Price Bubbles and Monetary Policy Mr Minister, Mr Chairman, Ladies and Gentlemen, I would first like to thank Chairman Lee Hsien Loong for giving me the opportunity to address such a distinguished audience. Let me tell you that I consider today's topic "asset price bubbles and monetary policy" to be one of the most challenging issues facing a modern central bank at the beginning of the 21st century. The economics profession has taught us a lot about the merits of consumer price stability, about