Showing 4089 Documents for "payment services"
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- MAS
- Annual Reports
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- Before 1970, the various monetary functions associated with a central bank were performed by several government departments and agencies. As Singapore progressed, the demands of an increasingly complex banking and monetary environment necessitated streaming of these functions. Therefore in 1970, Parliament passed the Monetary Authority of Singapore (MAS) Act leading to the formation of MAS on 1 January 1971. The MAS Act gives MAS the authority to regulate all elements of monetary
- MAS
- Speeches
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- Since the introduction of the Payment Services Act to regulate DPT service providers, MAS has stepped up our efforts to set clear supervisory expectations of AML/CFT controls, and enhance our surveillance of the sector.
- FIs looking to offer DPT services should also institute the necessary controls to ensure that these risks are appropriately mitigated. b. Another area is the use of Variable Capital Companies, or VCCs. The number of VCCs has grown significantly since the framework was introduced in January 2020.
- MAS
- Speeches
Last revised date:
- Since the introduction of the Payment Services Act to regulate DPT service providers, MAS has stepped up our efforts to set clear supervisory expectations of AML/CFT controls, and enhance our surveillance of the sector.
- FIs looking to offer DPT services should also institute the necessary controls to ensure that these risks are appropriately mitigated. b. Another area is the use of Variable Capital Companies, or VCCs. The number of VCCs has grown significantly since the framework was introduced in January 2020.
- MAS
- Parliamentary Replies
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- MAS is working on a new payment services regulatory framework that will address these risks. 6. A second example is fund-raising.
- MAS
- Media Releases
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- An overarching Nexus Scheme that sets out the governance framework and rulebook for participating retail payment systems, banks and payment service providers to coordinate and effect cross-border payments through the network. 4.
- MAS
- Speeches
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- 1 The Minister for Culture, Community and Youth and Second Minister for Communications and Information, Mr Lawrence Wong, today moved two Bills for First Reading in Parliament, namely: (a) The Financial Advisers (Amendment) Bill 2015 (“FA(A) Bill”); and (b) The Insurance (Amendment) Bill 2015 (“I(A) Bill”). 2 On 26 March 2012, MAS launched the Financial Advisory Industry Review (“FAIR”) to raise the standards and professionalism of the financial advisory (“FA”) industry and to enhance market
- MAS
- Recent Economic Developments
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- This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Non-oil Domestic Exports, y-o-y % Q2 2.8 2.8 8.4 3.0 9 March 2018 2017 Q3 5.5 11.2 19.1 7.6 Q4 3.6 2.1 5.0 10.4 Full Year 3.6 - 10.1 8.8 Q1
- MAS
- Parliamentary Replies
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- Date: For Parliament Sitting on 8 May 2023 Name and Constituency of Member of Parliament Mr Saktiandi Supaat, Bishan-Toa Payoh GRC Question: To ask the Prime Minister (a) how many Singapore homeowners refinanced their home mortgage loans in the past 12 months; (b) what is the average increase in monthly home mortgage payments (i) in absolute terms (ii) as a percentage of monthly income; and (c) whether the Government is considering any measures to help Singapore homeowners with the sudden spike in
- PDPC
- Public Consultations
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- Incorporated with Limited Liability in the State of Delaware, U.S.A 10 Marina Boulevard #15-00, Marina Bay Financial Centre Tower 2, Singapore 018983 UEN S68FC1878J BY EMAIL 20 September 2017 Personal Data Protection Commission Singapore 460 Alexandra Road #10-02 PSA Building
- MAS
- Speeches
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- On the other hand, for payment tokens which are designed to be an alternate form of a medium of exchange, the intermediaries processing these tokens will come into our regulatory ambit under the proposed Payment Services Bill.