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- MAS
- Monetary Policy Statements
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- 14 April 2009 INTRODUCTION 1 In October 2008, MAS shifted its policy stance to a zero percent appreciation of the S$NEER policy band. The decision was taken amidst easing external and domestic inflationary pressures, and a weakening global economic environment.
- MAS will therefore re-centre the exchange rate policy band to the prevailing level of the S$NEER, while keeping the zero percent appreciation path. The width of the band will remain unchanged. The Singapore economy continues to be anchored by sound fundamentals and a resilient financial system.
- MAS
- Monetary Policy Statements
Last revised date:
- 10 October 2003 INTRODUCTION 1 In July this year, MAS re-centred the exchange rate policy band at the prevailing level of the Singapore dollar nominal effective exchange rate (S$NEER). The zero percent appreciation path and the width of the band were maintained.
- Against this backdrop, it is necessary for monetary policy to remain supportive of the recovery in the domestic economy, while keeping inflation low. 8 MAS will therefore maintain the current neutral policy stance of a zero percent appreciation of the S$NEER policy path in the period ahead, with no
- MAS
- Notices
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- Instructions on Incident Notification and Reporting to MAS Incident Reporting Template Notice No.: MAS 506 Issue Date: 21 June 2013 NOTICE ON TECHNOLOGY RISK MANAGEMENT This Notice is issued pursuant to section 64(2) of the Insurance Act (Cap. 142) (the Introduction 1 Act) and
- MAS
- Notices
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- Instructions on Incident Notification and Reporting to MAS Incident Reporting Template MAS Notice No.: PSN05 Notice to operators and settlement institutions of designated payment systems Payment Services Act 2019 (Act 2 of 2019) Issue Date: 5 December 2019 NOTICE ON TECHNOLOGY RISK MANAGEMENT
- MAS
- Parliamentary Replies
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- The local banks have informed the MAS that they will make adequate provisions for this eventuality in line with prudent banking practice, in addition to the specific provisions which they have made on the existing classified loans. The MAS is monitoring the situation closely.
- MAS
- Parliamentary Replies
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- These figures remain well within comfortable limits. 5 The local banks, in consultation with the MAS, have decided to set aside substantial provisions to cater to the potential risks arising from their exposure to the regional economies.
- These comprise the general provisions they have accumulated in previous years as well as substantial assets valued at cost, which remain well below current market values. 9 The MAS is satisfied with the provisions that the local banks are setting aside in 1997 as part of prudent banking practice.
- MAS
- Media Releases
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- Bank Negara Malaysia has informed the Monetary Authority of Singapore of the financial position of Sime Bank Berhad. Sime Bank Berhad operates a full licensed bank branch and a finance company in Singapore.
- Bank Negara Malaysia has confirmed to MAS that this guarantee covers all deposits and interest at Sime Bank Singapore branch, and Sime Finance Ltd in Singapore, as well as all other Malaysian banks and finance companies operating in Singapore.
- MAS
- Speeches
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- Congratulatory Remarks by Mr Heng Swee Keat, Managing Director, Monetary Authority of Singapore 1 It is my great pleasure to be here this evening. 2 Singapore is situated at the heart of a very dynamic region, and demand for financial services is growing rapidly.
- I am confident that financial institutions here will continue to add Islamic financial products and services to the suite of conventional financial products that they already offer. 7 As a regulator, MAS will continue to facilitate the growth of Islamic finance.
- MAS
- Parliamentary Replies
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- MAS encourages such flexibility on the part of the brokers, so long as they comply with regulatory requirements. MAS cannot, however, require or compel all brokers to do so. 3 Another proposal was for SGX to use its fidelity fund to help the affected investors.
- MAS
- Parliamentary Replies
Last revised date:
- MAS is studying the feasibility of such bonds. However, we have to recognize that market-pricing for an inflation-linked bond under the current very low interest rate environment could mean investors having to pay a large premium for such bonds.
- Response by Mr Lawrence Wong, Minister of State, Ministry of Defence & Ministry of Education, on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Chairman, MAS 1 Ms Tan Su Shan asked about the impact of high inflation and low interest rates on Singaporeans.