Showing 5563 Documents for "MAS"
Filter by
Sort by
- MAS
- Media Releases
Last revised date:
- Singapore, 24 January 2019… The Monetary Authority of Singapore (MAS) today issued a revised Singapore Code on Take-overs and Mergers (the Code) to clarify its application to companies with a dual class share structure (DCS companies) with a primary listing on the Singapore Exchange. 2 The revisions
- It reviews the take-over rules and practices periodically, and recommends changes for promulgation by MAS. It also has powers under the law to investigate any dealing in securities that is connected with a take-over or merger transaction.
- MAS
- Parliamentary Replies
Last revised date:
- To address the concerns relating to erroneous transfers, MAS has issued a set of guidelines to protect e-payments users. Under the guidelines, consumers will need to play their part and be responsible for accurate payments.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. With the growth in electronic funds transfers, there have been some reported cases where monies were transferred by bank customers to unintended recipients.
- MAS will continue to work with the industry to raise consumer literacy and awareness on how to minimise wrongful e-payments. As in the case of cheques, the banks’ role is to ensure that all properly authenticated payment instructions are processed effectively and efficiently.
- MAS
- Media Releases
Last revised date:
- Singapore, 11 July 2023… The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have signed a Memorandum of Understanding (MoU) to collaborate on a Financial Transparency Corridor (FTC) initiative.
- Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “We are excited to partner with NBC to create the Financial Transparency Corridor, a first for our engagements in Asia.
- MAS
- Enforcement Actions Media Releases
Last revised date:
- MAS will act firmly against such egregious misconduct to preserve the integrity of our capital markets.” ***
- Yee, Assistant Managing Director (Policy, Payments & Financial Crime), MAS, said, “The convicted individuals executed a sophisticated market-rigging scheme that resulted in severe market distortion over a prolonged period and significant losses to market participants.
- Please refer to the Annex (176.5 KB) for details of their respective convictions. 6 Their convictions were a result of a joint investigation conducted by the Monetary Authority of Singapore and the Commercial Affairs Department of the Singapore Police Force, following a referral by SGX-ST. 7 Ms Loo Siew
- MAS
- Consultations
Last revised date:
- . -------- Annex 2 MAS 204 (Proposed) DD MM 2001 NOTICE TO GENERAL INSURERS INSURANCE ACT, CAP 142 Note: This Notice does not apply to captive insurers. This Notice replaces MAS 204 dated 23 Apr 1991.
- All companies are required to submit to MAS particulars of actuaries whom -------- Annex 2 MAS 204 (Proposed) Appendix A CONFIDENTIAL PARTICULARS OF ACTUARY / PERSON INVESTIGATING INTO INSURANCE POLICY LIABILITIES OF GENERAL INSURANCE COMPANY Name of Company Date
- The actuary should disclose the extent of compliance with the requirements specified by MAS and reasons for not complying fully with the requirements.
- MAS
- Financial Sector Development Fund Annual Report
Last revised date:
- GOH CHOK TONG CHAIRMAN MONETARY AUTHORITY OF SINGAPORE 23 JUNE 2008 HENG SWEE KEAT MANAGING DIRECTOR MONETARY AUTHORITY OF SINGAPORE 23 JUNE 2008 2 -------- FINANCIAL SECTOR DEVELOPMENT FUND STATEMENT OF CHANGES IN EQUITY Capital Account $'000 Accumulated Surplus $'000 Total $'
- SIGNIFICANT ACCOUNTING POLICIES Basis of Preparation The financial statements have been prepared in accordance with the provisions of the Monetary Authority of Singapore Act (Chapter 186, 1999 Revised Edition) and the Singapore Financial Reporting Standards (FRS) and on an accrual basis.
- THE YEAR ENDED 31 MARCH 2008 These notes form an integral part of and should be read in conjunction with the accompanying financial statements. 1 GENERAL The Financial Sector Development Fund (hereinafter called the Fund) is established under Section 30A of the Monetary
- MAS
- Media Releases
Last revised date:
- Koh Yong Guan, Managing Director, Monetary Authority of Singapore, has been set up to lead the planning and preparations for the meetings.
- Monetary Authority of Singapore Singapore to Host 2006 Annual Meetings of IMF and World Bank Singapore, 29 September 2002. Singapore will host the 2006 annual meetings of the International Monetary Fund (IMF) and the World Bank.
- Lim Hng Kiang, Singapore's Second Minister for Finance and Deputy Chairman of the Monetary Authority of Singapore. "We have actively supported the work of the two Bretton Woods institutions and our offer to host the annual meetings in 2006 is a sign of our deep commitment."
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- MAS and MTI are keeping a close watch on any indirect or spillover effects on the Singapore economy arising from developments in China. ***
- Second, with regard to Singapore developers with operations in China, MAS estimates that about 30% of their revenues in aggregate are derived from China. However, their median interest cover ratio (or ratio of earnings to interest expenses) is in aggregate more than 3 times. 5.
- MAS
- Parliamentary Replies
Last revised date:
- MAS and SGX RegCo take all aspects of corporate governance seriously, and are taking a number of initiatives in these specific areas too. 4.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Singapore has generally fared well in studies of corporate governance.
- Overall, our standards of corporate governance are relatively good and well-regarded, but where there are specific gaps, MAS and SGX RegCo will address them. ***
- MAS
- Parliamentary Replies
Last revised date:
Reply to Parliamentary Question on Impact of Rapidly Rising US Long-term Interest Rates on Singapore- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- MAS’ analysis also shows that the median household’s mortgage servicing ratio would remain manageable even under a stress scenario of a 2.5%-point increase in mortgage interest rates and a 10% fall in income.
- This is because all property mortgages taken up since 2013 are subject to MAS’ Total Debt Servicing Ratio (“TDSR”) framework, which limits monthly loan repayments to no more than 60% of the borrower’s income based on a 3.5% interest rate Or market rate whichever is higher. , which is significantly higher