Showing 5563 Documents for "MAS"
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- MAS
- Parliamentary Replies
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- Details of the exemptions for disabled persons and the caregivers of the same household will be provided by MAS in due course. ***
- Date: For Parliament Sitting on 7 March 2013 Name and Constituency of MP Ms Lee Li Lian, MP for Punggol East SMC Question: Car loans Answer by Mr Lawrence Wong, Acting Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS
- MAS
- Parliamentary Replies
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- In the current global environment of reduced credit availability, SGX has responded to market feedback and in consultation with MAS, has introduced measures to facilitate additional equity fund raising by listed companies.
- MAS has conducted a review of the regulatory regime for unlisted investment products and has issued a consultation paper on proposals to further safeguard consumers’ interests and promote higher industry standards. * * *
- MAS
- Media Releases
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- Singapore, 17 April 2020… The Monetary Authority of Singapore (MAS) has urged customers of financial institutions (FIs) to minimise visits to their premises during the current circuit breaker period.
- MAS
- Parliamentary Replies
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- MAS expects banks to perform due diligence and assess the track record, reputation and capability of external debt collecting agencies that they intend to engage.
- Under MAS' requirements, credit card issuers are only allowed to issue unsecured credit cards to individuals with an annual income of $30,000 or more. The maximum credit extended is capped at twice the individual's monthly income.
- MAS
- Parliamentary Replies
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- Moneylenders are not required by law to impose minimum income requirements, unlike financial institutions regulated by MAS.
- Financial institutions regulated by MAS can only grant unsecured credit facilities to individuals earning a minimum annual income of $30,000. However, apart from these regulated financial institutions, moneylenders also grant loans.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Since the start of the COVID-19 pandemic, MAS has worked with the financial industry on a comprehensive set of relief measures to support individuals and businesses.
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 There is no facility to enable an individual to stop outbound fund transfers from the bank accounts of family members whom they suspect may become victims of scams.
- These are basic measures that can help them stay alert to unauthorised transfers and limit their financial losses in the event of an unauthorised transaction. 5 MAS, together with the Singapore Police Force and the financial industry, will continue to look into measures to help consumers defend themselves
- MAS
- Parliamentary Replies
Last revised date:
- Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 MAS has put in place a number of prudential limits on borrowing by individuals and households, so that they do not borrow beyond their means.
- MAS
- Enforcement Actions
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- Singapore, 28 October 2021… The Monetary Authority of Singapore (MAS) has issued six-year prohibition orders (POs) against Mr Koh Kesheng Stedtson, following his convictions in the State Courts for offences involving dishonesty, namely forgery and cheating. 2 Under the POs, which took effect from 27
- MAS
- Speeches
Last revised date:
- Thanks for taking the time to be here with us, especially Mr Ong Ye Kung, Minister for Education and Board Member of MAS. Today marks a significant milestone for IBF. For today, we launch, together with our tripartite partners, the IBF Careers Connect.
- And I want to acknowledge our partners here: SkillsFuture Singapore (SSG); Workforce Singapore (WSG); Employability and Employment Institute (e2i) and NTUC; The various financial industry associations, and of course MAS. Thank you all for making this possible.