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- MAS
- Media Releases
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- This is further complicated by the increasingly volatile investment climate and more complex product designs. 3 In view of this, a Par Fund Review Workgroup, comprising representatives from the life insurance industry, the Singapore Actuarial Society and the Monetary Authority of Singapore (MAS), was
- MAS would like to seek public comments on the proposed recommendations. Interested parties may email their comments to pfbrwg@mas.gov.sg by 28 March 2005. *** Click on " Consultation Paper on the Review of Participating Fund Business for Life Insurers (1.28 MB) " for the consultation paper.
- MAS
- Media Releases
Last revised date:
- Singapore, 13 March 2001..The Monetary Authority of Singapore (MAS) today released the latest results of the 2000 Survey of the Singapore Corporate Debt Market.
- Click here (28.5 KB) for the full results of MAS' survey of the Singapore corporate debt market. ***
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS) today issued a consultation paper on its proposal to implement a regulatory framework for health insurance business. 2 Health insurance, a key component in the healthcare financing business, is likely to play a more important role in the future.
- the required qualification; - The level of disclosure is enhanced, especially the disclosure of information that allow consumers to make an informed buying decision that suit their needs; and - Advice on health insurance is to be made on a reasonable basis. 5 The consultation paper is available on MAS
- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Merchants are charged a processing fee for credit and debit card transactions by payment service providers (PSPs), be they banks or other providers such as NETS.
- QUESTION NO 1068 NOTICE PAPER 669 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 14 September 2021 Name and Constituency of Member of Parliament Mr Murali Pillai, MP, Bukit Batok SMC Question: To ask the Prime Minister whether MAS will consider requiring all banks, including digital banks
- The processing fee, commonly known as the merchant discount rate (MDR), includes the interchange fee Interchange fee is paid by PSPs to card issuers for processing transactions made by credit and debit cardholders. which is set by card schemes such as Visa and Mastercard. 2 MAS agrees with Mr Pillai
- MAS
- Letters to Editor
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- Bey Mui Leng (Ms) Director (Corporate Communications) Monetary Authority of Singapore
- MAS agrees that there should be better transparency on such fees. MAS is working with the relevant agencies to encourage more prominent disclosures by local merchants, at the point of purchase, should they process their payments overseas.
- MAS
- Letters to Editor
Last revised date:
- MAS tightened its monetary policy stance further in April 2012.
- Mrs Cindy Keng Director Corporate Communications Division Ministry of Trade and Industry Ms Angelina Fernandez Director Corporate Communications Office Monetary Authority of Singapore
- Likewise, the sharply higher COE premiums for the first three months of this year affected around 8,000 new car buyers, or a small proportion of resident households. 3 Nonetheless, inflation is currently higher than what Singapore has seen historically and the Government and MAS remain committed to
- MAS
- Parliamentary Replies
Last revised date:
Reply to Parliamentary Question on the number of dealer's representatives and remisiers in Singapore- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 The statistics are set out in the table below. MAS does not collect information on whether a representative (rep) is working on a part-time or full-time basis.
- Prior to 2010, individuals working for banks and merchant banks conducting dealing in securities were not required to be notified to MAS. The data from 2010 onwards includes such individuals.
- MAS
- Circulars
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- Sets out MAS’ expectations on financial institutions to have in place a comprehensive technology risk and cybersecurity training programme for their board of directors and senior management. Circular No.
- The Board also needs to ensure an appropriate accountability structure and organisational risk culture is in place to support effective implementation of the organisations cyber resilience programme. 3 In view of the fast evolving nature of cyber risk, MAS expects that the
- help equip the Board with the requisite knowledge to competently exercise its oversight function and appraise the adequacy and effectiveness of the FIs overall cyber resilience programme. 4 Should you have any questions or comments, please contact your respective MAS
- MAS
- Parliamentary Replies
Last revised date:
- MAS will be publishing a consultation paper on equitable framework for sharing of losses arising from scams. However, pending implementation of the framework, MAS continues to expect banks to thoroughly investigate all scam cases and treat their customers fairly.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Banks have progressively implemented the anti-scam measures announced in January and June.
- MAS
- Exemptions
Last revised date:
- HENG SWEE KEAT Managing Director, Monetary Authority of Singapore. [CMD/MCP/02/2006; AG/LLRD/SL/289/2010/2 Vol. 1]
- This set of notification lists the officers in MAS appointed to exercise the power to grant an exemption or to revoke any such exemption specified in the Fourth Schedule to the Securities and Futures Act.
- Cancellation In exercise of the powers conferred by section 320(1A) of the Securities and Futures Act, the Monetary Authority of Singapore hereby makes the following Notification: Citation and commencement 1.