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- Distinguished Guests, Ladies and Gentlemen, Introduction 1. I am very happy to join you today at this 20th edition of the Asia Pacific Summit to share some thoughts on the future of globalisation and living with COVID-19. 2. It has been almost two years since COVID-19 emerged, and the virus has had wide-ranging impact all over the world. a. We have seen lockdowns of varying severity imposed worldwide, along with closures of international borders. b. We have also seen major disruptions in the global
- MAS
- Parliamentary Replies
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- For the Parliament Sitting on 26 February 2021 U – Prime Minister’s Office That the total sum to be allocated for U – Prime Minister’s Office of the Estimates be reduced by $100. Name and Constituency of MP Ms Jessica Tan Soon Neo, East Coast GRC Question 1. Covid-19 has provided the impetus for many Singaporeans and businesses to adopt and use e-payments. Can MAS give an update on whether Singapore residents have been more receptive to e-payments in the past year. What steps has MAS taken to ensure
- MAS
- Speeches
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- Chairman and Council Members of the ABS, Ladies and Gentlemen, 1. Thank you for inviting me to join you tonight. 2. I last addressed the ABS in 2006. At the time, Singapore’s economy and financial services sector registered robust growth. We successfully hosted the IMF-World Bank Annual Meetings that September. Then came the global financial crisis in 2008. 3. It was tumultuous worldwide, but in Singapore, our banks were well-capitalised and our system remained healthy throughout the
- MAS
- Media Releases
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- New Strategies to Boost the Singapore Government Securities (SGS) Market Singapore, 2 May 2000... The Monetary Authority of Singapore (MAS) today announced new initiatives to further boost the growth of the Singapore Government Securities (SGS) market. Speaking at the FIA Asian Financial Markets 2000 Conference held in Singapore this morning, Second Minister for Finance Mr Lim Hng Kiang revealed that MAS will adopt a three-pronged strategy to strengthen the market-making mechanism and improve price
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament DPM's replies to parliamentary question: Real Time Gross Settlement System For Parliament Sitting on 20 Apr 98 Question: To ask the Deputy Prime Minister (a) what is the status of the Real Time Gross Settlement System at the Monetary Authority of Singapore; (b) what caused the delay in its implementation; and (c) whether its implementation will make the Singapore dollar less vulnerable to speculative attacks by hedge funds. Answer: (a) MAS is in the final stages of testing
- MAS
- Media Releases
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- Singapore, 25 March 2016…The Monetary Authority of Singapore welcomed the move by the People’s Bank of China Chongqing Operations Office (PBC Chongqing) that will allow eligible corporates and individuals in Chongqing to conduct cross-border Renminbi (RMB) transactions with financial institutions and corporates in Singapore. PBC Chongqing’s directive issued today implements one of the agreed outcomes in financial co-operation between China and Singapore during the State Visit to Singapore in November
- MAS
- Speeches
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- Ravi Menon Managing Director, Monetary Authority of Singapore, Keynote Speech at the WMI Connection, Fullerton Hotel, Singapore 27 October 2011 Mr Ng Kok Song, Chairman of the Wealth Management Institute, distinguished guests, ladies and gentlemen, good evening. I am delighted to join you tonight, to celebrate the 8th anniversary of the Wealth Management Institute (WMI). And I want to add a special word of congratulations to the 258 graduates who have recently completed WMI programmes ranging from
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Consultation Paper on Payment Systems (Oversight) Act (172.3 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Payment Systems (Oversight) Act (221.5 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION ON PAYMENT SYSTEMS OVERSIGHT ACT On 16 April 2003, MAS released a Consultation Paper ("the Paper") inviting comments from the industry and other interested parties on a proposed Payment Systems Oversight Act ("the Act") in Singapore. The Paper set
- MAS
- Speeches
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- Ravi Menon Managing Director, Monetary Authority of Singapore Keynote Address at Thomson Reuters 2nd Pan-Asian Regulatory Summit Shangri-La Hotel, Singapore 28 September 2011 What do capital markets do? Distinguished guests, ladies and gentlemen, good morning. And to all our guests from abroad, welcome to Singapore. Two thousand years ago, in ancient Rome, enterprises contracted with the government to build temples and collect taxes. The enterprises funded these ventures by selling ownership
- MAS
- Media Releases
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- Event to return in 2022, 7-11 November Singapore, 17 November 2021… The sixth edition of the Singapore FinTech Festival (SFF) with the theme “Web 3.0 and its impact on financial services” concluded on 12 November 2021. The week-long event attracted 60,000 attendees, representing a 33% year-on-year growth. 2 SFF 2021 drew over 2 million views. Viewership was extended with live broadcasts on local and international television networks and social media. Of the more than 160 countries represented, 52%