Showing 5563 Documents for "MAS"
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- MAS
- Letters to Editor
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- Dear Editor, In "Singapore Bank Laws Threaten EU Pact" (FT, 2 Oct), Mr John Burton said it was suspected that Myanmar's leaders were 'hiding large sums in Singapore' and using it as a 'financial haven'. This is completely baseless. It is also unrelated to the issue that the EU has sought to discuss with Singapore, which relates to withholding tax on customer savings. The EU has had to negotiate this not just with Singapore, but also other jurisdictions. It is therefore disingenuous to link
- MAS
- Speeches
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- 1 Good morning, distinguished guests, ladies and gentlemen. It is a great pleasure to be here this morning, and to join so many prominent speakers at the 3rd Annual Asian Bond Markets Summit in Singapore. 2 The financial turmoil that stemmed from the US subprime mortgages last year had reverberated through the securitization markets, the wider debt capital markets, the equities markets and the banking sector – leading to a turbulent phase for financial markets that is unprecedented in magnitude
- MAS
- Media Releases
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- 金融管理局局长王瑞杰先生在2008年10月17日针对金融机构售卖结构金融产品给散户投资者在记者招待会上的讲话 许多购买了与雷曼兄弟有关结构金融产品的人士，对他们的投资都感到担心。金融管理局正积极地工作，以确保为这些投资者得到一个公正的解决方案。自从今年9月中旬这件事爆发至今，我们便一直与公众保持联系，让公众了解我们所处理的事宜。我们首先就是要帮助所有受影响的投资者。让我先介绍一下我们所做的工作，以及我们怎样针对投资者的正当要求，来设置一个严肃的正规和公正的解决程序。 2 第一，我们要确保汇丰机构信托服务（新加坡）有限公司，作为雷曼兄弟Minibond票据 (Lehman Minibond Notes)的受托人，能够根据投资者的利益来仔细考虑所有的选择。如果能够找到一个新的掉期交易对方来接管有关票据，投资者将有机会针对这项选择来进行投票。为了确保投资者能在掌握充分信息的情况下做出决定，金融管理局将会委任一家独立的金融顾问来协助投资者做出合理和正确的决定。到了下周末，我们相信有关受托人便可确定是否能将这项选择提供给票据持有人。 3 第二，每家金融机构目前都有一位独立人士来监督有关雷曼兄弟
- MAS
- Speeches
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- Sir Howard Davies CEOs of our member institutions Financial Industry Certified Professionals (FICPs) Distinguished Guests Ladies and Gentlemen I would like to welcome all of you to the IBF’s Distinguished Speaker series, which aims to bring together prominent leaders in the world of banking and finance to share with us their insights and learning. Through this and other platforms, IBF hopes to foster dialogues among leaders and professionals in our industry on strategic issues that are important
- MAS
- Speeches
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- The Next Stage: Policy Challenges in Asia. Governor Noyer, Your Excellencies, Ladies and gentlemen, Good morning 1 It gives me great pleasure to join you today at this Paris Europlace International Financial Forum. Let me warmly welcome Governor Noyer and our overseas visitors to Singapore, and welcome Mr Bresson and your team for holding this Forum in Singapore. Policy Challenges Ahead 2 A year ago, the global financial community was grappling with a severe crisis that hit every part of the
- MAS
- Speeches
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- 1 Mr Speaker, Sir, I beg to move, “That the Bill be now read a second time”. 2 The Income Tax (Amendment) (Exchange of Information) Bill proposes amendments to the Income Tax Act that will allow Singapore to implement the internationally agreed Standard for the exchange of information for tax purposes upon request. 3 The Bill was released for public consultation from 29 June to 28 July this year. MOF has revised the Bill to incorporate the public feedback received. The Internationally Agreed
- MAS
- Speeches
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- Good morning ladies and gentlemen. 2 I would like to thank Asia Insurance Review and the General Insurance Association of Singapore for organising this conference and for inviting me to address you this morning. 3 Motor insurance is a significant class of insurance business in most countries. In Singapore, it accounts for about a third of total premiums in the domestic insurance industry. As in most countries, it is a mandatory requirement for drivers to purchase motor insurance before they
- MAS
- Speeches
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- 1 It gives me great pleasure to join you this evening to celebrate the 10th anniversary of the Securities Investors Association (“SIAS”). 2 SIAS was founded in less than propitious circumstances in June 1999, to pursue the legitimate rights of investors in the CLOB market. Because of the efforts of the public-spirited Singaporeans who rose to the challenge, CLOB investors were assured of their legal position and knew that they could resist offers that were being made on greatly unfavourable
- MAS
- Speeches
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- Mr Peter Sands, Group Chief Executive Ladies & gentlemen 1 It is a real pleasure to be here with you for the official opening of StanChart’s Marina Bay Financial Centre (MBFC) office. 2 It is a significant event. StanChart, a bank with a large global footprint, now has at MBFC one of its largest offices worldwide. Its dealing room here at MBFC will also be the largest among all financial institutions in Asia. 3 StanChart’s move to MBFC is timely. Asian finance is now well into a new phase of
- MAS
- Speeches
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- Mr Vikram Pandit and friends, 1. Thank you for inviting me to this celebration of Citigroup’s 200th anniversary. 2. When we think about the history of economies, it's sometimes best told through the history of individual firms and institutions. When we think of the history of the global economy too, the tumultuous changes that we've been through in the post-war era as well as the last hundred years, let alone 200, it's again very interestingly told through the story of individual institutions - although