Showing 5563 Documents for "MAS"
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- MAS
- Parliamentary Replies
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- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 MAS takes the issue of scams involving online banking accounts very seriously, and is working actively with other government agencies and the banking industry to address the problem. 2 There has been a rising number
- MAS is working with banks and payment institutions to explore additional measures to mitigate the risk of scams, without impairing the speed and convenience of payments that customers expect and would want for legitimate transactions.
- MAS
- Enforcement Actions
Last revised date:
- The Monetary Authority of Singapore (MAS) has imposed civil penalties on Mr Lim Oon Cheng and his niece, Ms Lim Huey Yih, for contraventions under the Securities and Futures Act (SFA). Both Mr Lim and Ms Lim have admitted to committing insider trading. Mr Lim has also admitted to false trading. 2.
- (ii) 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.
- MAS
- Parliamentary Replies
Last revised date:
- The Monetary Authority of Singapore and SGX RegCo will review the survey findings and CGAC’s recommendations. ***
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Let me first explain how the Code of Corporate Governance is designed to be applied on listed companies and Provision 8.1 of the Code. 2 The Code comprises two layers – Principles and Provisions.
- Parliament Mr Chua Kheng Wee Louis, MP, Sengkang GRC Question: To ask the Prime Minister with regard to the Code of Corporate Governance (a) in the past five years, what is the total number and percentage of companies that fail to comply with (i) Provision 8.1(a) and (ii) Provision 8.1(b); and (b) whether MAS
- MAS
- Speeches
Last revised date:
- MAS will stay vigilant against emerging risks, and enhance surveillance of the financial system.
- Tharman Shanmugaratnam Deputy Prime Minister and Chairman, MAS 11 October 2011 The global economic environment has become more uncertain.
- In this environment of heightened risk and volatility, MAS will continue to provide the basis for economic and financial stability in Singapore.
- MAS
- Media Releases
Last revised date:
- MAS is supportive of this industry-led effort to strengthen competency levels in a coordinated, industry-wide manner. We look forward to strong participation by the industry in implementing and observing this Code.” 5 Mr.
- Singapore, 5 April 2011… The Monetary Authority of Singapore welcomes the launch of a Code of Conduct for the private banking industry in Singapore (PB Code) by the Private Banking Advisory Group (PBAG) today. 2 The PB Code is the result of an industry-led effort to enhance the competency of private
- Ng Nam Sin, Assistant Managing Director, MAS, said, “Investors want trusted and competent client advisors who are able to safeguard their longer term interests. Financial institutions which get their fundamentals right will be more assured of success and sustainable growth.
- MAS
- Notices
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- Instructions on Incident Notification and Reporting to MAS Incident Reporting Template Notice No.: MAS 127 Issue Date: 21 June 2013 NOTICE ON TECHNOLOGY RISK MANAGEMENT Introduction 1 This Notice is issued pursuant to section 64(2) of the Insurance Act (Cap. 142) (the Act) and
- Insurers are also required to notify MAS of relevant incidents according to the prescribed timeline and format. Insurers must also implement IT controls to protect customer information from unauthorised access or disclosure.
- MAS
- Media Releases
Last revised date:
- Agencies involved include the Ministry of Home Affairs (MHA), Monetary Authority of Singapore (MAS), Ministry of Finance (MOF), Attorney-General’s Chambers (AGC), Islamic Religious Council of Singapore (MUIS), Ministry of Law (MinLaw), and the Ministry of Social and Family Development (MSF). 4.
- and our risk focused supervisory framework is effective and aligned with international standards and best practices. • Further strengthen the private sector’s awareness of TF risks and CFT controls through targeted outreach, industry guidance and risk-focused supervision by sector supervisors such as MAS
- MAS
- Speeches
Last revised date:
- As monetary policy affects the economy with long and variable lags, MAS formulates monetary policy in a forward-looking manner using a variety of economic models and forecasting tools.
- The sharp contraction in Singapore's GDP in the second quarter this year largely reflected the debilitating impact from the SARS outbreak, alongside continued weakness in global demand. 5 In a short while, Mr Edward Robinson, Principal Economist from the Monetary Authority of Singapore, will elaborate
- During times of great uncertainty, it becomes an even more relevant and important tool for assessing the economic outlook as it helps to define the limits of our knowledge and ignorance. 15 Let me elaborate a little on how the MAS uses forecasting techniques in its conduct of monetary policy.
- MAS
- Speeches
Last revised date:
- WMI 26 Other financial institutions too have responded to MAS' drive to develop talent. Some implemented total training plans for their employees.
- MAS will spare no effort to ensure that a wide range of wealth management products and services are available in Singapore. 20 Fourth, we are developing a pool of talent in wealth and fund management.
- We need to rebuild this area of expertise, because in the long run, a dearth of equity research activities can adversely affect market liquidity. 25 The Singapore Exchange will be launching the SGX-MAS Research Incentive Scheme.
- MAS
- Speeches
Last revised date:
- We have also formed an industry-led Alternative Risk Transfer work-group to advise MAS on initiatives to support the development of Singapore as an ILS domicile.
- To provide tax neutrality for ILS vehicles, Singapore offers the Approved Special Purpose Vehicle (“ASPV”) scheme. 14 Third, MAS has taken steps nurture the growth of the ILS market in the region. a.
- MAS launched the ILS grant scheme in Jan this year, which will fund 100% upfront issuance costs of catastrophe bonds in Singapore, up to S$2 million. The aim of the scheme is to defray the frictional costs of catastrophe bonds issuances.