Showing 4746 Documents for "recognised market operator"
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- QUESTION NO 397 NOTICE PAPER 471 of 2012 FOR WRITTEN ANSWER Date: For Parliament Sitting on 14 January 2013 Name and Constituency of Member of Parliament Mr Ong Teng Koon, MP for Sembawang GRC Question: To ask the Prime Minister (a) whether the Ministry will consider reducing the loan-to-value (LTV) ratio of COE financing for private ownership of vehicles; and (b) what is the Ministry's assessment of the impact of every 10% drop in the LTV ratio on the prices of COEs. Answer by Mr Tharman Shanmugaratnam
- MAS
- Parliamentary Replies
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- QUESTION NO 3742 NOTICE PAPER 1494 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 November 2022 Name and Constituency of Member of Parliament Mr Melvin Yong Yik Chye, MP, Radin Mas SMC Question: To ask the Prime Minister (a) whether MAS has data on how prevalent is the use of Buy Now Pay Later (BNPL) services among those aged below 21 years old in the past three years; and (b) whether there have been cases thus far of such youths being unable to repay their debts incurred via BNPL services
- MAS
- Media Releases
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- Singapore, 22 March 2023… The Monetary Authority of Singapore (MAS) said today that in exercising its powers to resolve a financial institution (FI), it intends to abide by the hierarchy of claims in liquidation. This means that equity holders will absorb losses before holders of Additional Tier 1 (AT1) and Tier 2 capital instruments. 2. Creditors who receive less in a resolution compared to what they would have received had the FI been liquidated would be able to claim the difference from a resolution
- MAS
- Media Releases
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- 01 November 1999... The Securities Industry Council ("SIC" or the "Council") today issued a consultation paper on proposed revisions to the Singapore Code on Take-overs and Mergers (the "Singapore Code") to keep pace with market innovations and international practices. SIC invites the public to give their views and comments on the consultation paper. A copy of the consultation paper is available on the MAS website. The consultation paper is the result of Council's extensive discussions with merchant
- MAS
- Letters to Editor
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- Dear Sir We refer to "Banks not best body to give credit advice" (ST Forum, 22 December 2004). 2 MoneySENSE is a national programme that brings together collaborative efforts by private, public and people sectors, including the financial planning associations mentioned by Mr Leong, to enhance the basic financial literacy of consumers. We have established procedures to ensure that MoneySENSE programmes are objective and do not promote any specific commercial interest. 3 The articles mentioned
- MAS
- Media Releases
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- Singapore, 16 December 2005... The Monetary Authority of Singapore (MAS) has released a consultation paper on draft recommendations to enhance the Policy Owners' Protection Fund (PPF) Scheme. 2 The failure or default of an insurer may result in financial distress to individual policy owners and may impact on the society and economy at large. The existence of a PPF to compensate policy owners in the event of the default of any registered direct life or general insurer can help to alleviate the
- MAS
- Media Releases
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- Singapore, 7 September 2021... The Monetary Authority of Singapore (MAS) today announced the formation of a new Sustainability Group and the appointment of Dr Darian McBain as Chief Sustainability Officer, with effect from 1 October 2021. 2 The new Sustainability Group helmed by Dr McBain will steer sustainability efforts across MAS and help the organisation build deeper capabilities in this multi-faceted area. The new group will coordinate MAS’ green finance and sustainability agenda, namely
- MAS
- Media Releases
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- Singapore, 7 September 2021... The Monetary Authority of Singapore (MAS) today announced the formation of a new Sustainability Group and the appointment of Dr Darian McBain as Chief Sustainability Officer, with effect from 1 October 2021. 2 The new Sustainability Group helmed by Dr McBain will steer sustainability efforts across MAS and help the organisation build deeper capabilities in this multi-faceted area. The new group will coordinate MAS’ green finance and sustainability agenda, namely
- MAS
- Explainers
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- When refinancing a mortgage equity withdrawal loan (MWL), financial institutions (FIs) need to meet the rules for loan-to-value limits, tenure cap and total debt servicing ratio. Loan Tenure Cap The loan tenure for mortgage equity withdrawal loans (MWLs) is capped at 35 years. Loan-To-Value Limits For an individual or a shell company, the MWL, together with amount outstanding of any loan secured on same residential property and CPF monies used, have the following LTV limits: Outstanding housing loans
- MAS
- Media Releases
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- Singapore, 27 August 2020… The Monetary Authority of Singapore (MAS) supports the move by the Ministry of Manpower (MOM) Please see link to MOM’s media release: https://www.mom.gov.sg/newsroom/press-releases/2020/0827-tightening-of-work-pass-requirements to increase the minimum qualifying salary (MQS) for entry-level employment pass (EP) holders in the financial services sector to $5,000. 2 MAS worked closely with MOM to determine the new MQS for the financial services sector, which is higher than