Showing 5563 Documents for "MAS"
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- MAS
- Circulars
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- Requests insurers to provide MAS with a copy of their Internal Audit and/or Compliance work plans and reports. Circular No.
- ID 17/06 10 July 2006 To Principal Officers All Direct Insurers and Reinsurers Dear Sir/Madam INTERNAL AUDIT/COMPLIANCE FUNCTION AND HEAD OFFICE OVERSIGHT Under MAS supervisory framework for all classes of institutions regulated by MAS, the assessment of an
- MAS
- Enforcement Actions
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- Joint Statement by Attorney-General’s Chambers, Singapore (AGC) Commercial Affairs Department, Singapore Police Force (CAD) Monetary Authority of Singapore (MAS) Singapore, 8 June 2018...
- Officers from the AGC, CAD and MAS met the Malaysian 1MDB Taskforce led by Tan Sri Abdul Gani Patail in Singapore yesterday. The meeting was held at the invitation of the Singapore authorities, and followed an earlier meeting with the Taskforce last week in Kuala Lumpur. 2.
- MAS
- Parliamentary Replies
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- MAS also assesses FIs’ ability to detect and report suspicious transactions in a timely manner through ongoing supervision of their anti-money laundering controls.
- MAS has drawn FIs’ attention to relevant reports published by the Financial Action Task Force on the modus operandi used to launder proceeds from IWT. In addition, STRO proactively shares red flag indicators of IWT with banks, traders and their agents.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Financial institutions (FIs) and other relevant business entities such as traders or agents are required by law to report suspicious transactions related to illegal wildlife trafficking (IWT).
- MAS
- Media Releases
Last revised date:
- Joint Statement by Attorney-General’s Chambers, Singapore (AGC) Commercial Affairs Department, Singapore Police Force (CAD) Monetary Authority of Singapore (MAS) Singapore, 8 June 2018...
- Officers from the AGC, CAD and MAS met the Malaysian 1MDB Taskforce led by Tan Sri Abdul Gani Patail in Singapore yesterday. The meeting was held at the invitation of the Singapore authorities, and followed an earlier meeting with the Taskforce last week in Kuala Lumpur. 2.
- MAS
- Parliamentary Replies
Last revised date:
- If that fails, they can appeal through their Members of Parliament or directly to MAS.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Due to COVID-19, many elective surgeries were put on hold since February this year.
- The MAS has informed insurers of its expectations that they treat customers fairly and consider these claims favourably if the postponement of these procedures was solely due to COVID-19. Policyholders are advised to approach their insurers to discuss the circumstances of their claims.
- MAS
- Media Releases
Last revised date:
- Singapore, 7 June 2020… The Monetary Authority of Singapore (MAS) said today that media reports suggesting that there were large flows of deposits from Hong Kong to Singapore were incorrect.
- The DBUs and ACUs are ledgers of the same bank held separate for regulatory purposes; MAS announced in 2015 that the two ledgers would be merged as there was no longer a meaningful purpose for the separation.
- MAS
- Media Releases
Last revised date:
- Depositors and insurance policyholders should be reassured that banks and insurance companies in Singapore are required by the MAS to have assets exceeding their liabilities by an appropriate margin.
- They are also required to abide by stringent regulations on capital, asset quality and risk concentration, and to put in place sound risk management systems and processes. 3 To protect depositors and policyholders, MAS' approach has been to emphasise stringent regulation and supervision of financial
- MAS, together with the Singapore Deposit Insurance Corporation (SDIC) that administers the deposit insurance scheme, will review the coverage limit regularly, taking into consideration the objectives of the scheme and international norms. 5 Some countries have recently issued a blanket guarantee on
- MAS
- Media Releases
Last revised date:
- Singapore, 17 November 2015… The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (Shanghai FSO) held the inaugural Singapore-Shanghai Financial Forum in Singapore today.
- Singapore and Shanghai, who discussed latest developments in China (Shanghai) Pilot Free Trade Zone, China’s “One Belt One Road” initiative, future growth of offshore RMB markets, asset securitisation and technology and innovation in financial services. 3 Ms Jacqueline Loh, Deputy Managing Director of MAS
- MAS
- Parliamentary Replies
Last revised date:
- MAS will however continue to monitor banks’ provisions of such services, to ensure convenient access to ATM services. ***
- QUESTION NO 40 NOTICE PAPER 5 OF 2016 FOR WRITTEN ANSWER Date: For Parliament Sitting on 1 March 2016 Name and Constituency of Member of Parliament Dr Tan Wu Meng, MP, Jurong GRC Question: To ask the Prime Minister what are the measures taken by MAS to ensure that retail banks have adequate provisions
- Answer by Mr Lawrence Wong, Minister for National Development on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 There are currently over 2,700 ATMs distributed across Singapore, of which more than 2,300 are operated by the three local banks.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Lawrence Wong, Minister for National Development on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 MAS announced in April 2015 that the limit on the amount of unsecured credit that a borrower can take on across all financial institutions (FIs
- QUESTION NO 99 NOTICE PAPER 46 OF 2016 FOR WRITTEN ANSWER Date: For Parliament Sitting on 29 February 2016 Name and Constituency of Member of Parliament Ms Foo Mee Har, MP, West Coast GRC Question: To ask the Prime Minister whether there has been a gradual easing of individual indebtedness as a result of MAS's