Definition of “business trust”
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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
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- MAS
- Monographs/Information Papers
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- MAS conducted a series of thematic inspections on incentive structures of selected banks in 2018 to assess how banks’ incentive structures were aligned with prudent risk-taking and ethical behaviour. This information paper highlights good practices and illustrative examples observed from the inspections. It also sets out the desired outcomes relating to incentive structures that MAS expects to see in banks. INCENTIVE STRUCTURES IN THE BANKING INDUSTRY Fostering Sound Behaviour and Conduct
- PDPC
- Public Consultations
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- (cid:1)Pasoco Pte Ltd Response to “Public Consultation on proposed Advisory Guidelines in the PDPA” Submitted by Paul Southern CEO Pasoco Pte Ltd paul@pasoco.biz Tuesday, March 19, 2013 Version – Final, Released. Response to “Public Consultation on proposed Advisory Guidelines in the PDPA”. Prepared by Pasoco Pte Ltd, March 2013 Page i -------- The information contained in this document represents the current view of Pasoco Pte
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback Received_Consultation Paper on Proposed Amendments on Covered Bonds (288.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Amendments to MAS Notice 648 on Issuance of Covered Bonds by Banks Incorporated in Singapore (151.6 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON AMENDMENTS TO MAS NOTICE 648 ON COVERED BONDS ISSUANCE Introduction 1 1.1 On 29 January 2015, MAS issued a consultation paper inviting interested parties
- MAS
- Parliamentary Replies
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- QUESTION NO 2861 NOTICE PAPER 1707 OF 2019 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 July 2019 Name and Constituency of Member of Parliament Mr Saktiandi Supaat, MP, Bishan-Toa Payoh GRC Question: To ask the Prime Minister (a) what are the operating terms for virtual banks as compared with traditional banks; (b) whether MAS will ensure that there is a level playing field for all; and (c) what is the impact of lower operational costs for virtual banks on consumers and the industry. Answer
- MAS
- Media Releases
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- 7 October 1999... The Monetary Authority of Singapore (MAS) today released its responses to the recommendations made by the Debt Capital Market Working Group (DCMWG) in June this year to further develop Singapore as a leading international hub for debt market activities. This includes a move to exempt banks from maintaining Minimum Cash Balance (MCB) and Minimum Liquid Assets (MLA) requirements on S$ funds received from non-bank customers via foreign currency swaps which have original maturities
- MAS
- Monographs/Information Papers
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- Project Dunbar proved that financial institutions could use CBDCs issued by participating central banks to transact directly with each other on a shared platform. This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions. The project identified three critical questions: which entities should be allowed to hold and transact with CBDCs issued on the platform? How could the flow of cross-border payments be simplified
- MAS
- Speeches
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- Launch Ceremony of the Singapore Exchange Beijing Representative Office Ladies and Gentlemen, Congratulatory Remarks 1 I am delighted to be here with you this evening to commemorate the opening of the Singapore Exchange Beijing Representative Office. First, I would like to take this opportunity to express my appreciation to the Chinese Government and the Chinese Securities Regulatory Commission for the generous support of the Singapore Exchange’s efforts in China. Establishment of the Singapore
- MAS
- Media Releases
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- INTRODUCTION MAS has put in place a new organisational structure with effect from 1 April 1998. The new structure will better support MAS' expanded roles and functions and its new regulatory approach. It will also align MAS' organisational capabilities with changes in the external environment. 2 Expanded Roles and Functions: MAS' principal functions remain unchanged, namely to promote macroeconomic stability, foster a sound financial system, develop Singapore as an international financial centre
- MAS
- Speeches
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- FinTech is fundamentally transforming the financial industry. The smartphone is becoming our bank. Computer programmes are offering investment advice. People can now lend directly to one another online. Technology will replace many jobs in finance but will also create exciting new jobs Calls for new and different skill sets – understanding technology and the ability to work with and harness the power of machines and algorithms As someone in Silicon Valley put it, “the geek shall inherit the earth
- MAS
- Regulations
Last revised date:
- Regulations setting out reporting requirements for OTC counterparties for OTC derivatives. 28 Apr 2020 Securities and Futures (Reporting of Derivatives Contracts) (Amendment No.2) Regulations 2020 25 Feb 2020 Securities and Futures (Reporting of Derivatives Contracts) (Amendment) Regulations 2020 01 Oct 2019 Securities and Futures (Reporting of Derivatives Contracts) (Amendment) Regulations 2019 01 Jan 2019 Securities and Futures (Reporting of Derivatives Contracts) (Amendment No. 2) Regulations