Showing 5563 Documents for "MAS"
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- Parliamentary Replies
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- MAS expects issuers to make every effort to identify and repay deposits of the card or account holder.
- Under the current legislative framework, MAS has responsibility over the issuance of multi-purpose stored value cards (for example, the popular CashCards) only. MAS views monetary values in these pre-paid stored value cards or any unused balances on these cards no different from deposits.
- MAS
- Media Releases
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- Singapore, 6 July 2004...The Monetary Authority of Singapore (MAS), in its capacity as Chair of the EMEAP 1 Working Group on Banking Supervision, and the Financial Stability Institute (FSI) jointly hosted a meeting on the Practical Application of Basel II.
- Mr John Palmer, Deputy Managing Director for Prudential Supervision at MAS, who opened the meeting, commented, "This meeting gave the G10 and Asian central bankers and banking supervisors a good opportunity to update each other on their respective banking environment.
- MAS
- Media Releases
Last revised date:
- 2 August 2004...The Wealth Management Institute (WMI) and ACI Singapore (The Financial Markets Association) today announced details of the training programmes they will conduct under the Financial Sector Manpower Conversion Scheme (FSMCS). 2 The Monetary Authority of Singapore (MAS) announced the FSMCS
- MAS will continue to work with the industry to identify new growth areas and launch suitable conversion programmes to address manpower shortage in those areas. 3 WMI will conduct the conversion programme for private banking.
- MAS
- Letters to Editor
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- without an independent review if the estimate is for the period from the end of the financial period for the financial statements in the prospectus until the date the prospectus is lodged with MAS.
- Dear Sir, I refer to "Firms not keen to put profit estimates in IPO prospectus" (ST, 2 October 2004). 2 While MAS agrees that a responsibly prepared profit forecast can provide useful information to investors about the issuer's future financial performance, a forecast that is not based on reasonable
- This is why some jurisdictions, such as the US, do not encourage profit forecasts in IPO prospectuses. 3 In Singapore, MAS adopts a calibrated approach to opinions on profit forecasts where the requirements vary according to the profit forecast's time horizon. 4 An issuer may include a profit estimate
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today issued revised guidelines for retail hedge funds. The guidelines take into account public comments and feedback received from an earlier consultation that commenced on 13 August 2002.
- prospectuses and marketing materials, warning statements that hedge funds may not be suitable for all types of investors and are not intended to be a complete investment strategy for any investor must be prominently stated. 4 As part of its review of regulations to facilitate the offer of new products, the MAS
- MAS
- Enforcement Actions
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- On 29 October 2020, the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force (CAD) charged two other individuals, Mr Tan Kheng Yeow (Mr Tan KY) and Mr Tan Chun Yong, who were involved in the same case [1] . 2 Mr Tang is accused of being involved
- section 197(1)(a) of the SFA, 13 counts of unauthorised trading under section 201(b) of the SFA and 1 count of acquiring property that he had reasonable grounds to believe represented the benefits of criminal conduct under section 47(3) of the CDSA. 4 The investigation was jointly conducted by MAS
- MAS
- Media Releases
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- Singapore, 19 April 2018… The Monetary Authority of Singapore (MAS) announced today its support for an initiative by the Wolfsberg Group 1 to help arrest the decline in correspondent banking relationships and enhance banks’ ability to provide cross-border financial transactions. 2 Correspondent banking
- latest questionnaire from the Wolfsberg Group supports the FATF guidance by standardizing the information that correspondent banks should ask of respondent banks, to assess the latter’s risks and controls, when opening a correspondent relationship 3 . 4 Ms Ho Hern Shin, Assistant Managing Director, MAS
- MAS
- Media Releases
Last revised date:
- Singapore, 15 October 2009...The Monetary Authority of Singapore (MAS) today launched the fifth and final set of coins to commemorate the Urban Redevelopment Authority's (URA) Identity Plan.
- The first set of coins issued by MAS was for the Old World Charm cluster, the second was for the Urban Villages cluster, the third was for the Rustic Coast cluster and the fourth was for the Southern Ridges cluster. ***
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- MAS recently raised the medium-term interest rate floor to 4% for residential property loans under both the total debt servicing ratio (TDSR) and mortgage servicing ratio (MSR) frameworks, based on assessments of the likely path forward for market interest rates. 2.
- of Parliament Mr Chua Kheng Wee Louis, MP, Sengkang GRC Question: To ask the Prime Minister (a) what is the basis for setting the new Total Debt Servicing Ratio medium-term interest rate floor at 4% per annum; (b) how does the rate compare to historical mortgage rates in Singapore; and (c) whether MAS
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 14 December 2022… The Monetary Authority of Singapore (MAS) has issued 8-year prohibition orders (POs) against Mr Selvarajulu S/O Subramaniam, a former representative of The Great Eastern Life Assurance Company Limited (Great Eastern).
- Mr Selvarajulu’s convictions gave MAS reason to believe that he has not performed, and will not perform, the type of financial advisory service for which he was appointed honestly. *** Additional Information Section 420 of the Penal Code (Cap. 224, Rev Ed 2008) Under this section, whoever cheats and