Showing 5563 Documents for "MAS"
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- Parliamentary Replies
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- MAS will carefully monitor mortgage tenure in the context of how banks structure their mortgage products, as well as the banks’ underwriting standards.
- Response by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS 1 The 50-year mortgage product is currently offered by one bank and the take-up rate has been low.
- If this becomes widespread, it will increase the demand for properties. 6 The measures taken by the Government and MAS in recent years have helped to reduce the risk of a sharp escalation in property prices.
- MAS
- Media Releases
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- Singapore, 2 December 2015… The Monetary Authority of Singapore (MAS) announced today that the quotas on SG50 notes that may be exchanged and SG50 notes folders that may be collected would be lifted.
- The collection period for the complimentary notes folders would also be extended to the end of the year. 2 MAS will lift the quota on the quantity of SG50 notes that can be exchanged per transaction at participating banks, with effect from 3 December 2015.
- MAS
- Monetary Policy Statements
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- 11 October 2005 INTRODUCTION 1 In April this year, MAS maintained the policy of a modest and gradual appreciation of the S$NEER policy band which has been adopted since April 2004.
- The MAS underlying inflation measure, which excludes private road transport and accommodation costs, is forecast at around 1% this year, before rising to 1.5-2.0% next year.
- MAS will maintain its current policy of a modest and gradual appreciation of the S$NEER policy band which has been adopted since April 2004. There will be no change in the level, slope or width of the policy band. *** Related: Past Monetary Policy Decisions
- MAS
- Notices
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- Instructions on Incident Notification and Reporting to MAS Incident Reporting Template MAS NOTICE 912 Issue Date: 21 June 2013 NOTICE TO MONEY BROKERS MONETARY AUTHORITY OF SINGAPORE ACT, CAP 186 NOTICE ON TECHNOLOGY RISK MANAGEMENT Introduction This Notice is issued pursuant
- MAS
- Media Releases
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- Singapore, 28 July 2021… The Bank for International Settlements Innovation Hub Singapore Centre and the Monetary Authority of Singapore (MAS) today published a proposed blueprint for enhancing global payments network connectivity via multilateral linkages of countries’ national retail payment systems
- Sopnendu Mohanty, Chief FinTech Officer, MAS, said “To achieve significant cost-reduction in cross-border payment transfers, enhancements must be made on two fronts: direct connectivity between domestic faster payment systems, and frictionless foreign exchange on shared common wholesale settlement infrastructures
- MAS
- Parliamentary Replies
Last revised date:
- The MAS will continue to allow market forces to determine the value of the S$, consistent with Singapore's economic fundamentals.
- However, the MAS manages the Singapore dollar against a weighted basket of currencies of Singapore's main trading partners, and not against any single currency.
- MAS will take the necessary steps against any unduly steep fall in the S$ and stands ready to act decisively against any unwarranted speculative attack on the Singapore dollar. (b) How has the decline in value of Japanese yen affected our dollar and trade. 1.
- MAS
- Media Releases
Last revised date:
- Authority of Singapore 19) Mr Heng Swee Keat, Managing Director, Monetary Authority of Singapore 20) M.R.
- Singapore, 25 May 2006...The Monetary Authority of Singapore and the International Monetary Fund (IMF) jointly hosted a second high-level seminar on Asian regional financial integration.
- Korea 15) Dr Gwangju Rhee, Director General, International Department, Bank of Korea 16) Tan Sri Dato' Sri Dr Zeti Akhtar Aziz, Governor, Bank Negara Malaysia 17) Mr Amando Tetangco Jr, Governor, Bangko Sentral ng Philipinas 18) Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary
- MAS
- Media Releases
Last revised date:
- . *** Notes to Editor: The industry-led Audit Committee Guidance Committee was established on 15 January 2008 by the Monetary Authority of Singapore (MAS), the Accounting and Corporate Regulatory Authority and the Singapore Exchange Limited (SGX) to develop practical guidance for audit committees of
- This is a key initiative announced by MAS and SGX in June 2007 to strengthen corporate governance practices of listed companies in Singapore.
- MAS
- Media Releases
Last revised date:
- Issued by the Ministry of National Development, Ministry of Finance, Ministry of Law and Monetary Authority of Singapore 14 September 2009
- Interest Absorption Scheme (IAS) and Interest-Only Housing Loans (IOL) 4 The Monetary Authority of Singapore will disallow the IAS and IOL with immediate effect from today, i.e. 14 Sep 2009. This measure will apply to all private residential projects.
- Joint Press Release by Ministry of National Development, Ministry of Finance, Ministry of Law and Monetary Authority of Singapore 1 Mr Mah Bow Tan, the Minister for National Development, announced today that the Government would take the following measures to ensure a stable and sustainable property
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 As of March 2013, property-related exposures accounted for 28% of banks’ total outstanding non-bank loans.
- However, a low default rate is to be expected during years when property prices are on the upswing. 5 I can assure Mr Gan that MAS conducts regular stress tests on banks and insurance companies in Singapore.
- The most recent stress test conducted last year showed that all major financial institutions would continue to maintain adequate capital buffers above MAS’ regulatory requirements under the prescribed stress scenarios. 6 With a prolonged low interest rate environment globally and continued income growth