Showing 4746 Documents for "recognised market operator"
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- Singapore, 2 August 2002. Sound macroeconomic management, a regulatory and supervisory regime that is responsive and in tune with new developments and trends are the factors that helped the Monetary Authority of Singapore (MAS) to stay the course during 2001/2002, a financial year marked by difficult economic and market conditions. That was the message from Mr Koh Yong Guan, MAS Managing Director, at a press conference today on the release of MAS 2001/2002 annual report. 2 Mr Koh reiterated
- MAS
- Speeches
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- Good afternoon, ladies and gentlemen. 2 I would like to thank the LIA for inviting me to join you in your annual luncheon today. I am glad to have the opportunity to speak to you on issues which I believe are important for the further development of the life insurance industry in Singapore. Introduction 3 Let me begin by congratulating all of you for the excellent performance in the past year. As announced by LIA last month, new business weighted premiums for 2007 amounted to S$1.7 bn, the
- MAS
- Speeches
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- Opening Address by Mr Lim Hng Kiang, Minister for Health and 2nd Minister for Finance Singapore Exchange Investment Fair 2000, 8 Sep 2000 at 9.00 am at Singapore International Convention and Exhibition Centre Distinguished guests, ladies and gentlemen, I am pleased to be able to join you this morning at the opening of the Singapore Exchange [SGX] Investment Fair 2000. 2 You would all be well aware of the tremendous changes the securities and futures industries are undergoing worldwide. Technology
- MAS
- Guidelines
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- Guidelines on market conduct and service standards for direct general insurers as product providers of insurance policies. These guidelines apply to all direct general insurers writing personal general insurance products, except marine mutual insurers and financial guarantee insurers. It sets out the standards of conduct expected of direct general insurers as product providers of insurance policies. It also explains the importance of an industry code of practice in enhancing transparency, fair treatment
- MAS
- Monetary Policy Statements
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- 12 October 2009 INTRODUCTION 1 In April 2009, MAS re-centred the exchange rate policy band downwards to the prevailing level of the S$NEER, while maintaining the zero percent appreciation path which was adopted in October 2008. This decision was made against the backdrop of dissipating inflationary pressures and weak growth prospects for the Singapore economy in the midst of the global financial crisis. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2 Since the last policy review, the S$NEER
- MAS
- Speeches
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- Mr Speaker, Sir, I beg to move, 'That the Bill be now read a second time'. 2 Sir, in January this year, the government announced its plans to merge the Board of Commissioners of Currency, Singapore (?BCCS?) with the Monetary Authority of Singapore (?MAS?). The merged entity would still be called MAS. This is an organisational change to streamline our institutional structure. There will be no change in the way currency is managed. The Singapore dollar notes and coins that are currently in
- MAS
- Enforcement Actions
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- Singapore, 2 December 2016… The Monetary Authority of Singapore (MAS) announced today that it has imposed financial penalties of S$5.2 million and S$2.4 million respectively on Standard Chartered Bank, Singapore Branch (SCB) and Coutts & Co Ltd, Singapore Branch (Coutts) for breaches of MAS’ anti-money laundering (AML) requirements. These breaches occurred in the context of 1MDB-related fund flows through these banks. MAS has also served notice of its intention to issue a Prohibition Order against
- MAS
- Media Releases
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- Singapore, 20 November 2017… The Payments Council has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks. The new SG QR was developed by an industry taskforce co-led by the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority The SG QR Taskforce, consists of twenty members from payment schemes, issuers, acquirers, banks and relevant Government
- MAS
- Media Releases
Last revised date:
- Singapore, 2 December 2016… The Monetary Authority of Singapore (MAS) announced today that it has imposed financial penalties of S$5.2 million and S$2.4 million respectively on Standard Chartered Bank, Singapore Branch (SCB) and Coutts & Co Ltd, Singapore Branch (Coutts) for breaches of MAS’ anti-money laundering (AML) requirements. These breaches occurred in the context of 1MDB-related fund flows through these banks. MAS has also served notice of its intention to issue a Prohibition Order against
- MAS
- Speeches
Last revised date:
- 1 Acting Minister, Ministry of Culture, Community and Youth and Senior Minister of State, Ministry of Communications and Information, Mr Lawrence Wong, today moved the Financial Holding Companies Bill (FHC Bill) for First Reading in Parliament. BACKGROUND 2 A financial holding company (FHC) is a company incorporated in Singapore, which holds a Singapore bank or insurance subsidiary or both, but does not itself conduct banking or insurance business. 1 Internationally, it is common for financial