Showing 5563 Documents for "MAS"
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- MAS
- Parliamentary Replies
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- MAS is doing the same in Singapore, and has directed banks that are on the ABS’ rates contributing panels to conduct independent reviews to verify the integrity of their rate-submission processes.
- Pending the completion of these reviews, it is premature to draw conclusions about the impact on financial institutions in Singapore. 4 MAS is also working with ABS and the Singapore Foreign Exchange Markets Committee (SFEMC) to review the SIBOR-setting process more fundamentally.
- Response by Mr Lawrence Wong, Senior Minister of State, Ministry of Education & Ministry of Information, Communications and the Arts on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS 1 The London Interbank Offered Rate or LIBOR is an important interest rate
- MAS
- Media Releases
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- A copy of the consultation paper is available on the MAS website.
- Issued by the Secretariat, Corporate Governance Council c/o Monetary Authority of Singapore *** Note to Editor The Corporate Governance Council (Council) was established by the Monetary Authority of Singapore in February 2017 to review the Code of Corporate Governance (Code), consider how the comply-or-explain
- MAS
- Monetary Policy Statements
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- 2 January 2003 INTRODUCTION 1 MAS has maintained a neutral policy stance in 2002.
- This policy stance, reaffirmed by MAS in its mid-year review in July 2002, reflected subdued inflationary conditions and the need to facilitate economic growth.
- Inflation is expected to remain low. 8 MAS will therefore maintain the neutral policy stance of a zero percent appreciation for the S$NEER policy path in the period ahead, with no change in the level at which the policy band is centred and in the width of the band.
- MAS
- Financial Sector Development Fund Annual Report
Last revised date:
- GOH CHOK TONG CHAIRMAN MONETARY AUTHORITY OF SINGAPORE 22 JUNE 2010 TEO SWEE LIAN ACTING MANAGING DIRECTOR MONETARY AUTHORITY OF SINGAPORE 22 JUNE 2010 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 2010 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
- External Publications
Last revised date:
- For sensitive parts of the survey, the Monetary Authority of Singapore (MAS) assisted the Legal Persons WG in aggregating and anonymising the data, to ensure the confidentiality of the participants customer data.
- Standardised risk indicia could be collected during the MAS annual data collection from banks. At the time of writing this paper, we note both CAD and MAS have taken steps to standardise data sets in STR and annual data collection respectively.
- The surveys were completed by the banks in the Legal Persons WG and provided directly to MAS. MAS then aggregated and provided a consolidated view of the information to the Legal Persons WG while the professional intermediaries provided inputs to the Co-Chairs directly.
- MAS
- Parliamentary Replies
Last revised date:
- The MAS requires all banks to uphold high standards of professional conduct, so as to preserve the integrity of the financial system as a whole. The Association of Banks has also issued a Code of Conduct for banks.
- The Government and MAS cannot persuade banks to extend loans which in the banks' judgement are not viable. If Government were to intervene, it would be obliged to compensate the banks should the loans eventually prove irrecoverable.
- Neither has the MAS required banks to curtail lending or call on their customers to top-up on the value of collateral pledged on their loans. These are matters for the banks to decide on, based on the merits of each loan and good banking practice.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. Singapore residents and businesses have a wide variety of e-payment options.
- MAS publishes retail payment statistics on a semi-annual basis. The statistics set out aggregated data on debit card transactions which include those processed through NETS EFTPOS. , while digital wallet use has been growing.
- Source of PayNow data: The Association of Banks in Singapore Credit and debit card transaction values and volumes have been fairly stable during this period Source of credit and debit card data: MAS Retail Payment Statistics published on www.mas.gov.sg .
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Lawrence Wong, Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1 Financial education is a multi-pronged effort involving government, industry, and the community.
- Consumer and investor associations such as the Consumers Association of Singapore and the Securities Investors Association of Singapore, as well as self-help groups like CDAC, Mendaki and SINDA also promote financial education to our communities. 2 MAS will continue to work closely with these
- There are also consumer alerts to warn the public about investment scams and the pitfalls of dealing with unregulated entities. 5 Going forward, MAS is working with various stakeholders to implement a more comprehensive financial education roadmap for the next few years. 6 We will
- MAS
- Enforcement Actions Media Releases
Last revised date:
- Singapore, 7 December 2022… The Monetary Authority of Singapore (MAS) has issued 15-year prohibition orders (POs) against Mr Han Delong, a former representative of United Overseas Bank Ltd (UOB) and Oversea-Chinese Banking Corporation Limited (OCBC) Mr Han held the position of Senior Personal Banker
- These convictions gave MAS reason to believe that Mr Han had not performed and will not perform financial advisory services honestly.
- MAS
- Forms and Templates
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- Form for exempt trust companies and exempt person providing trust services to notify MAS of any change in particulars within 14 days of the date of change. Form 9 should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx .
- (Note: Only those particulars which have been changed since the date such particulars were last furnished to the Monetary Authority of Singapore need to be stated): Name Address of the principal place of business Address of the registered office E-mail address Telephone number Principal business NRIC