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- MAS
- Circulars
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- Risk management principles and best practice standards to guide financial institutions in managing the technology and cyber security risks of public cloud adoption. Circular No. MAS/TCRS/2021/03 1 June 2021 To Chief Executive Officers of All Financial Institutions Dear Sir / Madam ADVISORY ON ADDRESSING THE TECHNOLOGY AND CYBER SECURITY RISKS ASSOCIATED WITH PUBLIC CLOUD ADOPTION Public cloud services1 are adopted by a growing number of financial institutions (FIs)
- MAS
- Parliamentary Replies
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- QUESTIONS NO 1439 AND 1407 NOTICE PAPERS 822 AND 833 OF 2017 FOR WRITTEN ANSWER Date: For Parliament Sitting on 11 September 2017 Name and Constituency of Members of Parliament Q 1439. Mr Ang Wei Neng, MP, Jurong GRC Q 1407. Mr Patrick Tay Teck Guan, MP, West Coast GRC Questions: Q 1439. To ask the Prime Minister how will the Ministry make it easier for residents to open and maintain bank accounts with low amounts of cash deposit. Q 1407. To ask the Prime Minister whether MAS will consider converting
- MAS
- Speeches
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- Ambassador Gopinath Pillai, Chairman, Institute of South Asian Studies Mr J Y Pillay Chairman, Singapore Council of Presidential Advisers Professor Subrata Mitra, Director, ISAS Distinguished guests Ladies and gentlemen 1. I would like to thank Ambassador Pillai and ISAS for inviting me to deliver the keynote address at today’s symposium on ‘India’s Changing Financial Landscape’. This is a topical issue that is receiving much attention. 2. The financial sector is integral to the development
- MAS
- Consultations
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- This consultation paper seeks views on proposed initiatives to: (i) eliminate centrally cleared cheques used by corporates by 2025; and (ii) assist and encourage remaining users of centrally cleared cheques (including individuals) that are able to switch to alternative payment methods to do so. These initiatives form part of a roadmap to terminate the SGD cheque truncation system in the medium term. Consultation Paper VIEW DOCUMENT Consultation Paper on Roadmap to Terminate the SGD Cheque Truncation
- MAS
- Speeches
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- Honourable Chief Minister Chandrababu Naidu Distinguished guests, ladies and gentlemen, good morning. Andhra Pradesh and Singapore I am delighted to be here in Andhra Pradesh – the land of the Tiruppati temple, Carnatic music, Kuchipudi dance, and of course, the charming sea town of Vishakapatnam. I am grateful to Chief Minister Chandrababu Naidu for his kind invitation to speak at this conference Andhra Pradesh and Singapore share in common a modern outlook. We both believe in the value of innovation
- MAS
- Notices
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- What direct insurers must include in the required fact sheet to borrowers before granting a residential property loan. This notice applies to all direct insurers in Singapore. Direct insurers are required to provide and explain a fact sheet to borrowers stating key information such as the tenure of the residential property loan, loan amount and repayment schedule. This notice outlines the information to include in the fact sheet and how it should be delivered and explained to the borrower through
- MAS
- Media Releases
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- Singapore, 28 June 2019… The Monetary Authority of Singapore (MAS) announced today that it will issue up to five new digital bank licences. This is in addition to any digital banks that the Singapore banking groups may also establish under the existing internet banking framework introduced in 2000. The move announced today extends digital bank licences to non-bank players. 2 Announcing the measures at the 46th Annual Dinner of The Association of Banks in Singapore , Mr Tharman Shanmugaratnam, Senior
- MAS
- Speeches
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- Honourable Shri Narendra Modi, Prime Minister of India Reserve Bank of India Governor Shaktikanta Das Monetary Authority of Singapore Managing Director Ravi Menon Distinguished Guests I am very happy to join you virtually for the launch of the real-time retail payment systems linkage between Singapore’s PayNow and India’s UPI (Unified Payments Interface). The idea of linking PayNow and UPI was first conceived in 2018, when PM Modi visited Singapore. Since then, our two central banks have been working
- MAS
- Media Releases
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- Singapore, 14 September 2021… The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. 2. The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India. When implemented, fund transfers can be made from India to Singapore using mobile phone numbers, and from Singapore
- MAS
- Media Releases
Last revised date:
- Singapore, 14 September 2021… The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. 2. The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India. When implemented, fund transfers can be made from India to Singapore using mobile phone numbers, and from Singapore