Showing 5563 Documents for "MAS"
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- MAS
- Media Releases
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- Singapore, 9 March 2015… The Monetary Authority of Singapore (MAS) and the European Securities and Markets Authority (ESMA) have concluded a Memorandum of Understanding (MOU) to establish cooperation arrangements regarding Central Counterparties (CCPs) in Singapore that have applied for recognition under
- MAS
- Explainers
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- Overview MAS introduced maximum limits on loan tenures and amounts to moderate the demand for cars and COEs. These limits also encourage financial prudence and support a car-lite society in the long-term.
- MAS sets maximum limits on loan tenure and amount for individuals borrowing to purchase a new or used motor vehicle, including hire purchases. These rules apply if the agreement to purchase the vehicle is on or after 27 May 2016.
- MAS
- Parliamentary Replies
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- For senior roles 1 , based on MAS’ survey results for 2020, about 46% were Singapore Citizens, 21% Permanent Residents and 33% work pass holders.
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. As at end-2021, about 71% of the financial sector workforce were Singapore Citizens, 14% were Permanent Residents, and 15% were work pass holders.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. The share of private residential property owners with outstanding mortgage loans increased from 54% to 62% between 2011 and 2013, before stabilising since. It was 62% in 2022.
- As reported in its Financial Stability Review published on 25 November, MAS’ stress tests show that most households are financially resilient to income and interest rate shocks, although some households would be vulnerable under a more stressed economic environment.
- MAS
- Regulations
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- RAVI MENON Managing Director, Monetary Authority of Singapore. [MPI MIS 03-2014 Vol 1; AG/LEGIS/SL/289/2015/3 Vol. 1]
- S 425 SECURITIES AND FUTURES ACT (CHAPTER 289) SECURITIES AND FUTURES (CLEARING FACILITIES) (AMENDMENT) REGULATIONS 2015 In exercise of the powers conferred by sections 81Q and 341 of the Securities and Futures Act, the Monetary Authority of Singapore makes the following Regulations
- MAS
- Regulations
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- HENG SWEE KEAT Managing Director, Monetary Authority of Singapore.
- BANKING (AMENDMENT) ACT 2007 (ACT 1 OF 2007) BANKING (RESERVE FUND) (TRANSITIONAL PROVISION) REGULATIONS 2007 1 Citation and commencement 2 Distribution of reserve fund In exercise of the powers conferred by section 67 (4) of the Banking (Amendment) Act 2007, the Monetary Authority
- MAS
- Exemptions
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- The exemptions do not detract from the MAS regulatory objectives as specified in section 81T. The exemptions enable the exempted entities to continue holding shares in the regulated entity subject to certain conditions.
- Exemption from being an Approved Holding Companies (AHC) MAS granted an exemption to two foreign holding companies of a regulated entity (the immediate holding company and ultimate holding company) from being an AHC.
- MAS
- Enforcement Actions
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- 1 MAS has issued prohibition orders against Mr Tay Meng Hui (“Mr Tay”), pursuant to: (a) section 35V(1)(a) of the Insurance Act (Cap. 142); and (b) section 59(1)(d) of the Financial Advisers Act (Cap. 110). 2 On 25 September 2013, Mr Tay was convicted in the Subordinate
- one charge of accepting gratification as an inducement for forbearing to show disfavor to another person in relation to his principal’s affairs under section 6(a) of the Prevention of Corruption Act (Cap. 241), with two other charges taken into consideration. 3 Based on the above conviction, MAS
- MAS
- Parliamentary Replies
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- MAS is making IT system changes to bring this about, and will make an announcement when it is ready. ***
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1. Singapore Savings Bonds (SSBs) were introduced to provide Singaporeans with a safe and flexible way to invest for the long-term.
- MAS
- Letters to Editor
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- Lee Chuan Teck Chairman, Panel for the Financial Advisory Industry Review and Assistant Managing Director (Capital Markets), Monetary Authority of Singapore
- MAS has asked consumers and industry practitioners to work with us to achieve our objectives of financial institutions that consistently deal fairly with customers and competent representatives who provide quality advice.