Showing 4566 Documents for "economic issues"
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- Media Releases
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- Two financial panels set up to formalise private sector consultation Speaking at a dinner held at the Shangri-La Hotel last night, Deputy Prime Minister Lee Hsien Loong paid tribute to the efforts of the 5 private sector committees which contributed to the work of the Financial Sector Review Group (FSRG). The 5 committees are the Finance and Banking Competitiveness Sub-Committee chaired by Mr Peter Seah; the Committee on Banking Disclosure chaired by Mrs Elizabeth Sam; the Corporate Finance Committee
- MAS
- Speeches
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- Mr Christopher Giancarlo, Chairman CFTC, Mr Scott O’Malia, CEO ISDA, Distinguished guests, ladies and gentlemen 1 Allow me to first thank ISDA for inviting my colleagues and I to join you today in this Regulators and Industry Forum, and for me to deliver the opening remarks. LOOKING BACK 2 Let me start with an analogy from the popular children story of The Three Little Pigs and the Big Bad Wolf. I am sure you are all familiar with that – how the Big Bad Wolf ‘huffed and puffed’ and blew down
- MAS
- Media Releases
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- 7 Dec 2011 7.40pm 1 The Government announced today an Additional Buyer’s Stamp Duty (ABSD) to be imposed on certain categories of residential property purchases. The ABSD will be imposed over and above the current Buyer’s Stamp Duty, and will apply to the purchase price or market value of the property (whichever is higher) for the following purchases: a) Foreigners and non-individuals 1 (corporate entities) buying any residential property will pay an ABSD of 10%; b) Permanent Residents (PRs
- MAS
- Speeches
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- Distinguished guests Ladies and gentlemen 1 Good morning and a very warm welcome to everyone, especially to our guests from overseas. It is my pleasure to be here today. The organisers, Asia Insurance Review and The Geneva Association, have chosen an apt and interesting theme for this year’s Summit - “Disruptions, Innovation and New Horizons – Reinventing the Business”, which I am sure, will generate open and insightful discussions over the course of the conference. 2 The environment in
- MAS
- Media Releases
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- Singapore, 2 May 2019… The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies. This is the first such trial between two central banks, and has great potential to increase efficiencies and reduce risks for cross-border payments. 2 Cross-border payments today are often slow and costly. They rely on a correspondent banking network that is subject to counterparty risk,
- MAS
- Consultations
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- This consultation paper outlines the methodology to be employed to assess the systemic importance of insurers in Singapore and sets out a range of policy measures that may apply to domestic systemically important insurers ("D-SIIs"), as well as the implementation timeline. Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Framework for Systemically Important Insurers in Singapore (337.3 KB) CONSULTATION PAPER P007 - 2022 October 2022 PROPOSED FRAMEWORK FOR SYSTEMICALLY IMPORTANT
- MAS
- Media Releases
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- FACT SHEET 2 HOSTING MAJOR INTERNATIONAL EVENTS EDI Seminar on Lessons in Banking Crisis Resolution for East Asia OECD Conference on Insurance Regulation and Supervision in Asia IAIS Seminar on Insurance Supervision EMEAP Seminar on Y2000 issue Global 2000 meeting on Y2000 Meeting of the Asian Growth and Recovery Initiative CONTRIBUTING TO FINANCING AGREEMENTS The IMF New Arrangements to Borrow (NAB) When the IMF's NAB was activated for in December 1998 to provide a credit line to Brazil, Singapore
- MAS
- Staff Papers
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- MAS Staff Paper No. 57, February 2020 - By Joseph Goh, Heedon Kang, Zhi Xing Koh, Jin Way Lim, Cheng Wei Ng, Galen Sher, and Chris Yao ABSTRACT Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It is therefore important to integrate it into financial sector surveillance. This paper offers a range of analytical approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper
- MAS
- Guidance
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- Sets out MAS’ supervisory expectations of sound AML/CFT practices for capital markets intermediaries (CMIs). The paper is based on inspections of CMIs, but the takeaways are applicable to other financial institutions, with the appropriate calibrations. MAS conducted a series of AML/CFT inspections that examined the effectiveness of the AML/CFT frameworks and controls of capital markets intermediaries “Capital markets intermediaries” used in the guidance paper includes capital markets services licensees
- MAS
- Speeches
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- Ladies and Gentlemen Introduction 1 It is my pleasure to address the first MAS Risk Conference. I will cover two areas : First, the changing financial landscape and the challenges they pose for risk management; and Second, the introduction of three risk management initiatives. Changing Financial Landscape and Challenges 2 Over the last few years, there has been a fundamental change in the volatility of financial markets. The frequency and the contagion effects of crises affecting financial markets