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- MAS
- Money and Banking Monthly Statistical Bulletin
Last revised date:
- The rates are not attributable to MAS and MAS does not warrant and hereby disclaims any warranty as to the accuracy or fitness for anyparticular purpose of the rates.
- You are reminded to observe the terms of use of the MAS website, on which this publication is made available.
- The rates are not attributable to MAS and MAS does not warrant and hereby disclaims any warranty as to the accuracy or fitness for any particular purpose of the rates.Columns 11-13Source: The Association of Banks in Singapore (ABS) - Reuters is the official and exclusive calculating agent of the ABS
- MAS
- Money and Banking Monthly Statistical Bulletin
Last revised date:
- The rates are not attributable to MAS and MAS does not warrant and hereby disclaims any warranty as to the accuracy or fitness for anyparticular purpose of the rates.
- You are reminded to observe the terms of use of the MAS website, on which this publication is made available.
- The rates are not attributable to MAS and MAS does not warrant and hereby disclaims any warranty as to the accuracy or fitness for any particular purpose of the rates.Columns 11-13Source: The Association of Banks in Singapore (ABS) - Reuters is the official and exclusive calculating agent of the ABS
- MAS
- Speeches
Last revised date:
- Regulatory Changes 10 In regulation, the MAS has moved away from a rigid one-size-fits-all regulation to a more flexible, risk-based supervisory approach.
- Going Forward 8 Going forward, MAS will continue to work on improving the operating environment for hedge fund managers and investors. Tax Enhancement 9 Singapore has a very conducive tax framework.
- Investor Education 12 In tandem with this, MAS will also be working with industry associations to facilitate investor education, both on the institutional and retail fronts. The proliferation of new investment products has added to the complexity of investing.
- MAS
- Media Releases
Last revised date:
- Singapore, 9 February 2022…The Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS) today set out 12 technical skills and competencies needed for individuals to perform various roles in sustainable finance (see Annex for details). 2.
- Mr Leong Sing Chiong, Deputy Managing Director (Markets and Development), MAS said, “We are seeing strong and growing demand for sustainable finance talent as Singapore plays a larger role as a sustainable finance hub for the region.
- MAS
- Speeches
Last revised date:
- MAS and IBF will continue to work with the industry to see how we can extend more competency-based skills training to new entrants joining the industry. 14. More than any other industry perhaps, the financial industry depends on talent.
- Opening Address by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at the Institute of Banking & Finance Annual Conference Building Talent in the Financial Sector Ms Kate Sweetman, fellow Council Members of the IBF, ladies and gentlemen, good morning. 1.
- IBF will roll out in the third quarter of this year, new Modules under the MAS-regulated Capital Markets and Financial Advisory Services (CMFAS) Examination. These new modules aim at raising the minimum competency standards for CMFAS representatives who wish to sell “structured products”. 11.
- MAS
- Speeches
Last revised date:
- ICBC is also the first Chinese Bank to establish a Debt Capital Market team in Singapore, and it has kick-started its private banking hub business today. 4 MAS warmly welcomes these developments.
- This was the year when MAS concluded an enhanced financial services package under the China-Singapore Free Trade Agreement whereby Singapore would extend 2 Qualifying Full Bank, or QFB privileges to 2 Chinese Banks, and China would appoint one of them as the RMB clearing bank in Singapore.
- In October last year, MAS awarded QFB privileges to the Singapore branches of both ICBC as well as Bank of China, and by February this year, which marks yet another key milestone year for ICBC, the People’s Bank of China announced that ICBC (Singapore) would be designated as RMB clearing bank in Singapore
- MAS
- Speeches
Last revised date:
- Collaboration between MAS and the State Securities Commission (SSC) has deepened significantly.
- Among other things, the SFA requires every company seeking to raise funds from the public to issue a prospectus which must be lodged with and registered by the MAS. 11 The prospectus must contain all information for investors to make an informed investment decision on the company’s securities. 12
- current challenging financial environment, it remains important that Vietnam and Singapore continue to work together and deepen our bilateral cooperation. 30 This will forge greater regional integration and strengthen the resilience of our financial systems and real economies. 31 Singapore and MAS
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. The debt-to-income ratio (DTI) of the household sector in Singapore averaged 1.3 for the period of 2018-2020.
- 2.4 2.5 Netherlands 2.4 2.3 2.3 2.3 NA Switzerland 2.2 2.2 2.2 2.2 NA Australia 2.2 2.1 2.0 2.1 NA Sweden 1.9 1.9 2.0 1.9 2.0 Luxembourg 1.8 1.9 1.9 1.9 NA Finland 1.4 1.5 1,5 1.5 NA Ireland 1.5 1.4 1.2 1.4 NA Singapore [2] 1.4 1.3 1.3 1.3 1.4 United States 1.1 1.1 1.0 1.0 NA Source: OECD, DOS and MAS
- Denmark 6.8 7.5 8.2 7.5 9.4 Netherlands 6.8 7.4 8.1 7.4 NA United States 5.8 6.4 6.6 6.3 NA Sweden 5.6 6.2 NA 5.9 NA Australia 4.2 4.5 4.6 4.5 NA Luxembourg 4.2 4.3 4.3 4.3 NA Finland 3.7 3.9 NA 3.8 NA Norway 3.4 3.5 NA 3.5 NA Ireland NA NA NA NA NA Switzerland NA NA NA NA NA Source: OECD, DOS and MAS
- MAS
- Speeches
Last revised date:
- In this regard, Insurance-InsurTech collaborations have taken off in Singapore, and MAS will continue to encourage and foster such partnerships.
- It is playing a key role in MAS’ vision for Singapore to be a leading global financial centre, which connects markets around the world, and supports Asia’s and Singapore’s development.
- MAS began its FinTech journey in 2015, and today, Singapore has established itself as a leading FinTech hub, with a thriving and supportive ecosystem. One of the key factors driving FinTech in Singapore is the opportunity for start-ups and established players to collaborate.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1.
- The Monetary Authority of Singapore (MAS) and the General Insurance Association of Singapore (GIA) do not make a distinction between full-time or part-time insurance agents and do not collect information on academic qualifications.