Showing 5563 Documents for "MAS"
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- MAS
- Circulars
Last revised date:
- The Amendment Regulations came into operation on 1 January 2021. 3 officer in MAS. If you have any queries on this matter, please contact your companys liaison Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT
- Under the UKSFTA, Singapore committed to liberalise the cross-border supply of international marine, aviation and goods in transit insurance and broking. 2 MAS has issued the Insurance (Approved Marine, Aviation and Transit Insurers) (Amendment) Regulations 2021 and
- MAS
- Circulars
Last revised date:
- Reminds all licensed insurers that prior approval from their Chief Executive and/or Board is required before the insurer submits the electronic returns to MAS. Circular No.
- Insurers are reminded to put in place appropriate governance processes to ensure that the electronic returns are approved by their Chief Executive and Board before submission to MAS by 31 March.
- MAS
- Circulars
Last revised date:
- The Amendment Regulations will come into operation on 21 November 2019. 3 officer in MAS. If you have any queries on this matter, please contact your companys liaison Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT
- Under the EUSFTA, Singapore committed to liberalise the cross-border supply of international marine, aviation and goods in transit insurance and broking. 2 MAS has issued the Insurance (Approved Marine, Aviation and Transit Insurers) (Amendment) Regulations 2019 and the Insurance (
- MAS
- Monographs/Information Papers
Last revised date:
- To this end, the Monetary Authority of Singapore (MAS) and ABS have jointly published this paper to: (1) Raise awareness of key remote working risks in the financial sector. (2) Share good practices adopted by FIs to mitigate key remote working risks.
- Workstream 8, which focuses on remote working risks, has collaborated with MAS to co-publish this information paper.
- The paper is published jointly by the Monetary Authority of Singapore and The Association of Banks in Singapore (ABS) Return to Onsite Operations Taskforce (ROOT).
- MAS
- Media Releases
Last revised date:
- The MAS is satisfied that the TLB Group is financially sound. The Group is solvent and fully capable of meeting all the obligations of TLB and its finance company subsidiary. Depositors need not worry about the safety of their deposits.
- The MAS is confident that the impending merger of the TLB Group and Keppel Bank (KB) Group will create a more resilient and competitive bank. The KB Group is a subsidiary of Keppel Corporation, the largest shareholder of which is the Government-owned Temasek Holdings (Private) Limited.
- MAS
- Parliamentary Replies
Last revised date:
- MAS allows banks in Singapore to offer Islamic banking products and services as part of their banking activities. For example, one of the local banks is offering Al-Wadiah savings and current accounts.
- The MAS has not received any application from Islamic banks to set up operations in Singapore. We have embarked on a gradual programme of liberalisation, to give foreign banks with strong global track records and sound credit ratings greater access to our domestic market.
- MAS
- Media Releases
Last revised date:
- Singapore, 25 April 2003 - The Monetary Authority of Singapore (MAS) today released the latest results of the 2002 Survey of the Singapore Corporate Debt Market. Total outstanding corporate debt volume grew by 10% from S$80.8b in 2001 to S$89.2b in 2002.
- MAS
- Enforcement Actions
Last revised date:
- 1 On 27 November 2014, MAS reprimanded The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”) for contravention of section 23B(3) of the FAA. 2 Section 23B(3)(a) of the FAA provides that a principal shall not permit any individual to provide any type of financial
- MAS expects all financial institutions to ensure that they do not permit any individual to provide any financial advisory service under the FAA on their behalf unless the individual is an appointed representative or provisional representative in respect of that type of financial advisory service.
- MAS
- Parliamentary Replies
Last revised date:
Reply to Parliamentary Question on Impact of NTUC Income Corporatisation on Affordability and Access- MAS will continue to promote this. ***
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 When NTUC Income Insurance Co-operative Limited (NTUC Income) was established in 1970, there were very few direct insurers.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1. As of end-November 2020, financial institutions (FIs) had received 2,070 applications. They had processed 1,590 of these applications and approved 85% of them. 2.
- ANSWER Date: For Parliament Sitting on 5 January 2021 Name and Constituency of Member of Parliament Ms He Ting Ru, MP, Sengkang GRC Question: To ask the Prime Minister how many individuals have applied to temporarily reduce their residential, commercial and industrial property loan repayments under the MAS