Showing 5563 Documents for "MAS"
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- Speeches
Last revised date:
- We will issue a consultation paper on MAS’ Environmental Risk Management Guidelines for the banking, insurance, and asset management sectors later this year.
- MAS announced our green finance action plan last year, which comprises three key thrusts: firstly, building resilience to environmental risks; secondly, developing green finance solutions and markets; and thirdly, leveraging innovation and technology. 8.
- We encourage the financial sector and corporates to work in tandem with MAS’ green finance efforts. On this front, we have seen encouraging developments even in recent months. Global banks like Deutsche Bank and JPMorgan have pledged to increase sustainable financing flows.
- MAS
- Media Releases
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- MAS and McKinsey will study the issue of governance of the exchanges as a matter of priority, in consultation with SES, SIMEX, and participants in the securities industry and the capital markets. 4 MAS' item-by-item response to the Committee's recommendations is in the attached Table.
- There should be careful planning to ensure that it is instituted in an orderly manner. 3 MAS agrees with these key conclusions and with the thrust of the Committee's report. It accepts nearly all the Committee's recommendations.
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 31 July 2018 … The Monetary Authority of Singapore (MAS) has issued a 5-year prohibition order (PO) against Mr Alan Tay Yeow Kee.
- He was fined $180,000 by the District Court. 4 The prohibition order against Mr Tay was issued by MAS pursuant to Section 101A of the SFA and took effect from 30 July 2018.
- MAS
- Media Releases
Last revised date:
- Under section 232 of the SFA, MAS may enter into an agreement with any person for that person to pay, with or without admission of liability, a civil penalty for contravening any provision of Part XII of the SFA.
- Singapore, 11 May 2018… Following a joint investigation by the CAD and MAS, civil penalty action has been taken against Ms Kunye Tagi for insider trading in the shares of Genting Singapore PLC (Genting). 2 On 14 May 2015, Genting announced its financial losses for the quarter ending 31 March
- The sale of the shares enabled Ms Tagi to avoid a loss of $13,625. 4 Ms Tagi has admitted to contravening the insider trading provision under section 218(2)(a) of the Securities and Futures Act, and has paid MAS a civil penalty of S$50,000 without court action. ***** Additional information (A
- MAS
- Media Releases
Last revised date:
- Singapore, 31 July 2018 … The Monetary Authority of Singapore (MAS) has issued a 5-year prohibition order (PO) against Mr Alan Tay Yeow Kee.
- He was fined $180,000 by the District Court. 4 The prohibition order against Mr Tay was issued by MAS pursuant to Section 101A of the SFA and took effect from 30 July 2018.
- MAS
- Media Releases
Last revised date:
- The Monetary Authority of Singapore (MAS), the Securities Industry Council (SIC) and the Singapore Exchange Regulation (SGX RegCo) announced that listed issuers and parties involved in rights issues and take-over or merger transactions will continue to have the option to electronically disseminate Offer
- of the alternative meeting arrangements under the COVID-19 (Temporary Measures) Act 2020. 3 Under the temporary measures The temporary measures are effected through the Securities and Futures (Offers of Investments) (Temporary Exemption from Sections 277(1)(c) and 305B(1)(b)) Regulations 2020 by MAS
- MAS
- Media Releases
Last revised date:
- Singapore, 12 October 2006...The Monetary Authority of Singapore (MAS) issued a consultation paper that sets out the proposed regulatory framework for mortgage insurance business.
- The consultation paper is available on the MAS website. [Click here to view the consultation paper] (85.4 KB) ***
- MAS
- Media Releases
Last revised date:
- The Agreement continues to have full force and effect following BCCS' merger with the Monetary Authority of Singapore (MAS) in 2002, and after BCB was renamed Brunei Currency and Monetary Board (BCMB) in 2004. 3 The Currency Interchangeability Agreement allows the Brunei Dollar and Singapore Dollar
- Joint Press Release by the Ministry of Finance, Brunei Darussalam and the Monetary Authority of Singapore SINGAPORE, 27 June 2007... Brunei Darussalam and Singapore today celebrate the 40th Anniversary of the Currency Interchangeability Agreement.
- MAS
- Letters to Editor
Last revised date:
- Bey Mui Leng (Ms) Director (Communications) Monetary Authority of Singapore
- We thank Mr Loh for highlighting this issue and giving us the opportunity to share key measures MAS has introduced over the past few years to better protect retail investors’ interests.
- MAS will continue to work with the industry and other government agencies to enhance financial literacy among Singaporeans. MoneySENSE, the national financial education programme, is the centrepiece of this effort.
- MAS
- Parliamentary Replies
Last revised date:
- MAS will continue to monitor developments in the BNPL sector and work with the industry to address any risks to consumers. * * *
- Under MAS’ guidance, the Singapore FinTech Association established a BNPL Working Group in March 2022 to develop a code of conduct (“BNPL Code”) for BNPL providers here. The Code is on track to be launched this year. 3. The BNPL Code will limit the extent of debt accumulation by consumers.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. “Buy Now Pay Later”, or BNPL, transactions amounted to $440 million last year. This is up from $114 million in 2020. However, BNPL transactions remain very small compared to other means of consumer payment.