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    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 4 August 2020… The Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and the National University of Singapore (NUS) will be jointly setting up a research institute that will develop deep capabilities to support the needs of digital financial services in Asia. The Asian Institute of Digital Finance (AIDF) will provide thought leadership and strengthen synergies between education, research and entrepreneurship in the thriving area of digital finance. It is expected
    • MAS
    • Financial Stability Reviews

    Last revised date:

    • The Monetary Authority of Singapore (MAS) conducts regular assessments of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications for the soundness and stability of Singapore’s financial system. The analyses and results are contained in the Financial Stability Review (FSR), which aims to contribute to a greater understanding among market participants, analysts and the public on issues affecting Singapore's financial system. November
    • MAS
    • Recent Economic Developments

    Last revised date:

    • This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. nph RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 7 Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % 2017 Q4 Full Year 3.6 2.1 5.8 Q1 4.6 2.4 3.6 - 6 December 2018 2018 Q2 4.1 1.0 10.5 9.3 Q3 2.2 3.0 3.5 8.0 Index of Industrial Production, y-o-y % 10.4
    • MAS
    • Speeches

    Last revised date:

    • MR THARMAN SHANMUGARATNAM SENIOR MINISTER AND COORDINATING MINISTER FOR SOCIAL POLICIES AND MINISTER-IN-CHARGE OF THE MONETARY AUTHORITY OF SINGAPORE 1. The Monetary Authority of Singapore (MAS) seeks to secure sustained non-inflationary economic growth, a robust and resilient financial sector, and Singapore’s position as a leading international financial centre in Asia. Sustained Non-Inflationary Economic Growth 2. Major central banks have increased interest rates at an unprecedented pace amid persistent
    • PDPC
    • Commission's Decisions

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    • PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC [33] Case No DP-1610-B0290 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And (1) (2) Amicus Solutions Pte. Ltd. (UEN No. 201534661R) Ivan Chua Lye Kiat DECISION … Organisations -------- Amicus Solutions Pte. Ltd. & Anor. [2019] SGPDPC 33 Amicus Solutions Pte. Ltd. & Anor. [2019] SGPDPC 33 Tan Kiat How, Commissioner —
    • PDPC
    • Commission's Decisions

    Last revised date:

    • Amicus Solutions and a financial consultant were issued directions, including to pay financial penalties of $48,000 and $10,000 respectively, for breaches of the PDPA. Amicus Solutions failed to notify and obtain consent for the disclosure of individuals’ personal data that it sold to the financial consultant who used such personal data for telemarketing purposes. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2019] SGPDPC [33] Case No DP-1610-B0290 In the matter of an
    • MAS
    • Annual Reports

    Last revised date:

    • Monetary Authority of Singapore AnnuAl RepoRt 2016/17 -------- CoNTENTS 02 Chairmans Message 04 Highlights of the Year ANChoR oF ECoNomIC AND FINANCIAL STAbILITy 08 ThE ECoNomy 08 The Global Economy in 2016: Resilient But Uninspiring 09 The Singapore Economy in 2016: Steady But Modest Growth Inflation Picked Up Slightly 10 10 Global Policy Uncertainty Presents Financial Risks 10 moNETARy PoLICy 11 mACRoPRUDENTIAL PoLICy 11 mANAgEmENT oF LIQUIDITy 11 Enhancing
    • MAS
    • Monographs/Information Papers

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    • MAS and The Association of Banks in Singapore (ABS) jointly announced that the consortium which they are leading had successfully developed software prototype of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms. This report focus on the experiment done to solve the key challenges identified around the need for transactional privacy, and deterministic finality , and most critically, the ability to perform multilateral netting capabilities
    • MAS
    • Parliamentary Replies

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    • QUESTION NO 1912 NOTICE PAPER 1206 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 July 2022 Name and Constituency of Member of Parliament Dr Tan Wu Meng, MP, Jurong GRC Question: To ask the Prime Minister (a) how many banks regulated by MAS have recently experienced interruption of digital banking services and for how long; (b) how many customers are affected; (c) whether MAS has assessed the dependencies of financial institutions on third-party cloud computing networks, including the
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 7 January 2020… The Monetary Authority of Singapore (MAS) announced today that it has received 21 applications for digital bank licences as at the close of application on 31 December 2019. This comprises 7 applications for the digital full bank (DFB) licences, and 14 applications for the digital wholesale bank (DWB) licences. 2     The new digital bank licences have attracted strong interest from a diverse group of applicants. These include e-commerce firms, technology and telecommunications