Showing 5563 Documents for "MAS"
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- As the industry evolves, MAS will continue to refine our regulations to cater to the needs of the market.
- To ensure that Islamic finance competes on an equal footing with the broader financial sector, MAS has worked closely with the industry and various government agencies to remove regulatory and tax impediments.
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- I am certain that Ee Cheong and Wai Kwong will build on the solid foundation and remarkable progress that Euleen and David have built. 24 I would also like to extend my appreciation to our partners, including the Singapore Workforce Development Agency and my colleagues at the Monetary Authority of
- Close to 100 financial institutions have sponsored their staff for these programmes. 14 In view of the challenging economic conditions, the Monetary Authority of Singapore recently increased the funding support for FICS accredited programmes from 70% to 90% and extended support to financial institutions
- MAS
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- To build a coordinated and holistic framework, a high-level Steering Committee comprising senior officials from the Home and Finance ministries as well as the Monetary Authority of Singapore was set up in 1999.
- On the regulatory front, the Monetary Authority of Singapore has tightened the AML/CFT requirements for conducting simplified customer due diligence, and Singapore has ratified the United Nations Convention against Corruption. 12 Many of you would probably have noted the recent changes to our Marina
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- First, from the outset, MAS’ over-riding priority was to ensure the development of a stable and efficient RMB infrastructure that can support growing RMB volumes and activities over time.
- MAS has taken the view that it is critical to build RMB capabilities early to prepare well for the future. Singapore has consistently strived to ensure that our financial centre is able to offer a full suite of financial products and services, and this must include the RMB.
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- Conclusion 19 To conclude, I would like to thank the LIA for working in close partnership with MAS to enhance the professional standards in Singapore’s insurance industry.
- I understand that in markets such as the United Kingdom, there has been a massive growth in the sales of term insurance products, indicating consumer preference to distinguish between protection and investment products. 18 MAS will continue to promote greater transparency in product disclosures in
- MAS
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- For host regulators such as the MAS, such forthcoming cooperation has been very useful in helping us discharge our supervisory responsibilities.
- As MAS performs both the functions of a central bank as well as a financial regulator, I will be taking on both perspectives this afternoon. 2 As you all know very well, the recent market turbulence was triggered by concerns over a very specific segment of high-risk borrowers, but very rapidly spilled
- MAS
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- MAS recently issued a set of guidelines to financial institutions as a preventive measure to guard against any potential inflows of suspicious funds, following the conclusion of bilateral agreements between countries to resolve tax issues.
- Success in achieving effective regulation requires more than just MAS setting standards. The industry has a critical role to play by taking shared responsibility for and ownership of the regulatory objectives, as well as instituting high standards of governance and controls for itself.
- MAS
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- I would like to thank the Central Bank of Bahrain (CBB) and MEGA for inviting the MAS to participate. The new financial landscape 2 Let me start by sharing some observations on economic growth prospects from an Asian perspective.
- The MAS established its sukuk programme in early 2009 to enable Singapore-based financial institutions offering Islamic finance to meet their regulatory and liquidity requirements in a fully Shariah-compliant manner. 17 Finally, to meet the need for more finance professionals with the necessary competencies
- MAS
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- Ravi Menon Managing Director, Monetary Authority of Singapore Welcome Remarks at Opening Ceremony of the ASEAN+3 Macroeconomic Research Office (AMRO) MAS Penthouse 31 January 2012 Director, AMRO, Wei Benhua, Counselor, AMRO, Yoichi Nemoto, Head, Civil Service and Permanent Secretary (Finance) Peter
- MAS
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- MAS started tightening relatively early and implemented it in a gradual manner through a series of steps. Our calibrated actions corresponded with more frequent reviews of evolving economic conditions and the outlook.
- Several results from the econometric work done by the Economic Policy Group in MAS are notable: First, global food and energy shocks impact headline inflation within one quarter of the shock and continue to pass through to final prices for at least the next six months.