Showing 5563 Documents for "MAS"
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- The Corporate Governance Council, established by MAS, is reviewing the Singapore Code of Corporate Governance and will submit its recommendations to MAS.
- To this effect, companies should put in place continuing training programmes for their directors. 14 MAS has recognised the importance of this by proposing new provisions on “continuous development” in the Corporate Governance Regulations and Guidelines for locally-incorporated banks and significant
- MAS
- Speeches
Last revised date:
- In 1999, MAS embarked on a programme to liberalise access to Singapore’s domestic banking market. The aim was to strengthen our local banks through competition and provide Singaporeans with quality banking services. The strategy worked.
- MAS, through its growing partnership with the Central Bank of Myanmar, is happy to contribute to this effort where it can. We have been deeply engaged in many training programmes and stand ready to share our experiences where relevant.
- But when we selectively liberalised foreign bank access to retail banking, MAS considered three sets of factors: First, the banks’ prudential strength, credit ratings, and quality of risk management. We only admitted strong, well-run banks.
- MAS
- Media Releases
Last revised date:
- Ms Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore (MAS) and co-chairperson of FSTC said, “The Financial Services Week will feature career opportunities in key growth areas within the financial sector.
- FiCAC is a collaboration by MAS, NTUC, the Institute of Banking & Finance, e2i, U PME Centre, WSG and the industry associations. FiCAC has successfully reached out and supported over 860 PMEs in the past one year.
- MAS
- Speeches
Last revised date:
- You should seize the initiative to assess how they can participate in Asia’s growth, while making sure that risks are properly identified, assessed and managed. 36 MAS will continue to work with industry to facilitate a conducive operating environment.
- All of these demonstrate IAIS’ adaptability to the evolving financial environment and its commitment to ensure that supervisory tools for insurance supervisors are continuously updated. 30 MAS is an active member of the IAIS and its various sub-committees.
- SRA is an important partner to MAS both in growing the reinsurance industry and also in helping to strengthen professional standards in the industry. 4 In my remarks today, I will touch briefly on the impact of the financial crisis on the reinsurance industry, and offer my observations about the state
- MAS
- Speeches
Last revised date:
- In MAS, we now date matters according to pre-Lehman and post-Lehman.
- Currently, MAS requires life insurers to undertake an annual stress test that includes prescribed scenarios to assess their resilience to market falls.
- This merry-go-round ultimately does not help the industry. 26 This is why MAS has enhanced the training incentives funded by the Financial Sector Development Fund (FSDF). This aims to encourage continued investment in training by the financial industry during the current economic downturn.
- MAS
- Speeches
Last revised date:
- For the MAS, we emphasized to the insurers that our scenario analysis exercise is meant to facilitate learning for both MAS and the industry, and forms part of a multi-year, iterative journey to build capabilities in climate risk assessment. c) Some insurers also provided feedback that the parameters
- In the case of Singapore, the Monetary Authority of Singapore (MAS) gave our insurance industry more than 12 months to get ready and conduct a bottom-up quantitative assessment of climate risks under a range of scenarios. b) A long time horizon introduces uncertainty, and significant effort is required
- MAS
- Media Releases
Last revised date:
- For borrowers refinancing their existing investment property loans, MAS has provided for a temporary TDSR waiver for borrowers affected by COVID-19. Otherwise, the previous 60% TDSR will apply.
- Does the announced LTV limit for HDB flats apply to housing loans granted by the financial institutions regulated by MAS? No, it does not. The announced LTV limit applies only to housing loans granted by HDB for the purchase of HDB flats.
- For borrowers who are refinancing their existing investment property loans, MAS has provided for a temporary TDSR waiver for borrowers affected by COVID-19. Otherwise, the previous 60% TDSR threshold will apply. LTV limit for HDB housing loan 5.
- MAS
- Monographs/Information Papers
Last revised date:
- The Life Insurance Association worked closely with MAS in producing this paper.
- MAS looks to the Boards and senior management of FAs to ensure that their DA framework and processes are robust and effective in inculcating ethical and professional conduct among their representatives and supervisors, and in deterring misconduct in the industry.
- Information Paper: Good Practices Relating to Disciplinary Action Framework in the Financial Advisory Industry March 2021 -------- Introduction The MAS Information Paper on Culture and Conduct Practices of Financial Institutions (FIs) outlines the outcomes that FIs should work towards in promoting
- MAS
- Media Releases
Last revised date:
- Singapore, 1 September 2016… The Monetary Authority of Singapore (MAS) announced today that Singapore remains the largest foreign exchange (FX) centre in the Asia-Pacific region and third largest globally after London and New York, according to the 2016 Triennial Central Bank Survey 1 of the global FX
- Central banks of many other countries are also publishing their own survey results; links to their websites can be found on the BIS’ website. 7 Details of Singapore’s BIS Triennial Central Bank Survey can be found in the annex tables. 1 MAS, together with central banks and other authorities in 51
- MAS is working with the industry to further enhance price discovery, liquidity and transparency in our FX market by strengthening electronic trading capabilities and anchoring market infrastructure.” 6 The BIS has published the preliminary global results today (see the BIS website at http://www.bis.org
- MAS
- Guidelines
Last revised date:
- These guidelines set out MAS' expectations on environmental risk management for all banks, merchant banks, and finance companies.
- MAS expects a banks approach to managing and disclosing environmental risk to mature as the methodologies for assessing, monitoring and reporting such risk evolve.
- A bank should implement these Guidelines in a way that is commensurate with the size and nature of its activities as well as its risk profile. 1.4 MAS will update these Guidelines as appropriate to reflect the evolving nature and maturity of risk management practices.