Showing 4566 Documents for "economic issues"

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    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 6 January 2021… The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring and customer marketing. Veritas, which is a part of Singapore’s National AI Strategy, aims to provide financial institutions with a verifiable way to incorporate the FEAT (Fairness, Ethics, Accountability and Transparency) principles into their AIDA solutions
    • MAS
    • Codes

    Last revised date:

    • The Code of Corporate Governance (the "Code") came under the purview of MAS and SGX with effect from 1 September 2007. The Code was first issued by the Corporate Governance Committee (“CGC”) on 21 March 2001 (35.7 KB) . Listed companies are required under the Singapore Exchange Listing Rules to disclose their corporate governance practices and give explanations for deviations from the Code in their annual reports. The Code was subsequently revised on 14 July 2005 (172.1 KB) , and again on 2 May 2012
    • MAS
    • Guidance

    Last revised date:

    • Provides a summary of key findings from thematic supervisory visits to banks on countering proliferation, and elaborates on the sound practices observed. MAS conducted a series of thematic supervisory visits to banks on countering proliferation financing risks. The discussions centered around common typologies (elaborated within the paper) and the need for banks to be vigilant in detecting sanctions evasion. This paper provides a summary of the key findings from the thematic supervisory visits, and
    • MAS
    • Consultations

    Last revised date:

    • This consultation paper sets out the proposed public disclosure requirements to complement the insurers’ existing disclosures in the published financial statements and MAS statutory returns. Response VIEW DOCUMENT Response to Consultation on Proposed Public Disclosure Requirements for Insurers (39.4 KB) Consultation Paper VIEW DOCUMENT Consultation on Proposed Public Disclosure Requirements for Insurers (324.8 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON PROPOSED PUBLIC DISCLOSURE
    • MAS
    • Parliamentary Replies

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    • Date: For Parliament Sitting on 7 March 2013 Name and Constituency of Member of Parliament Ms Tan Su Shan, NMP Question: Real estate as an investment Answer by Mr Lawrence Wong, Acting Minister for Culture, Community and Youth on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in Charge of MAS: 1   The government has been concerned about the buoyancy of the property market, which has been partly driven by the very low interest rate environment globally.  We have taken several
    • PDPC
    • Public Consultations

    Last revised date:

    • 4 June 2018 By Email: corporate@pdpc.gov.sg Attention: Personal Data Protection Commission, Singapore (“PDPC”) Dear Sirs, Public Consultation for Managing Unsolicited Commercial Messages and the Provision of Guidance to Support Innovation in the Digital Economy (Issued 27 April 2018) We refer to the subject matter. Please find in the Schedule to this letter the feedback on selected questions of Canon Singapore Pte. Ltd. for your consideration. Please contact
    • MAS
    • Notices

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    • How to qualify to be a representative, or appoint a representative, to conduct regulated activities under the Securities and Futures Act (SFA) This notice applies to: Individuals who act or hold themselves out to be representatives who carry out regulated activities. Capital markets services (CMS) licensees. Banks, merchant banks, finance companies and insurers who have appointed representatives conducting regulated activities under the SFA. It sets out the entry, examination and continuing education
    • MAS
    • Speeches

    Last revised date:

    •  Second Reading Speech by Mr Lim Hng Kiang, Minister for Trade & Industry and Deputy Chairman, Monetary Authority of Singapore 1   Mr Speaker Sir, on behalf of the Senior Minister, I beg to move that the Bill be now read a second time. 2   Over the past few years, MAS has progressively liberalised the banking sector.  At the same time, MAS has also sought to implement a risk-based supervisory approach that moves away from one-size-fits-all rules and allows for well-managed risk-taking.  The measures
    • MAS
    • Speeches

    Last revised date:

    •  Meeting the Challenges to Finance Asia's Infrastructure Good morning, ladies and gentlemen, 1   It is my honour to speak to such a distinguished group of infrastructure market practitioners from all across Asia and beyond. I would like to take this opportunity to thank Terrapinn and all the sponsors for putting together this conference for participants to gain insights into the infrastructure opportunities and challenges in Asia. To our overseas guests, a very warm welcome to Singapore. INFRASTRUCTURE
    • MAS
    • Recent Economic Developments

    Last revised date:

    • This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 21 February 2022 Highlights The global economy expanded by 5.3% in 2021, marking a strong rebound from the COVID-induced contraction of 3.0% in 2020. The major advanced economies (AEs) have recovered more rapidly than emerging market economies (EMEs). This mainly reflected AEs more generous