Showing 4566 Documents for "economic issues"
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- Singapore, 17 November 2016… The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards. Organised as part of the Singapore FinTech Festival, the FinTech Awards recognise innovative FinTech solutions that have been implemented by FinTech start-ups, financial institutions, and technology companies. 2 The FinTech Awards comprise the MAS FinTech Awards and ABS Global FinTech Award. Deputy
- MAS
- Speeches
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- Distinguished guests, ladies and gentlemen. Thank you very much for joining us at the launch of the tripartite advisory on human capital practices for banking . 1 Let me begin with a quick overview of Budget 2018 to set the context of my speech. When Finance Minister Heng Swee Keat delivered the Budget a couple of weeks ago, he talked about the three big shifts that are coming our way. First, the shift of global economic weight towards Asia; Second, the emergence of new technologies; and Third
- MAS
- Consultations
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- This consultation paper sets out the proposed supervisory and regulatory framework governing reinsurance management of insruers, including requiring a direct insurer to submit information on its outward reinsurance arrangements on an annual basis, and removing the need to seek MAS'approval before entering into financial reinsurance arrangements in respect of life insurance business. Response VIEW DOCUMENT Response to Feedback Received Proposed Framework for Reinsurance Management (62.1 KB) Consultation
- MAS
- Speeches
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- 5 June 2007 "Financing Asia’s Infrastructure Through the Capital Markets" INTRODUCTION 1 Good morning and a very warm welcome to Singapore. It gives me great pleasure to be here at this inaugural Investing in Infrastructure Assets Asia 2007 conference. INFRASTRUCTURE AS AN ASSET CLASS 2 The landscape for infrastructure investments is rapidly changing. Until about 10 years ago, investments in Asian infrastructure assets were limited to a handful of infrastructure development companies. In the
- MAS
- Consultations
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- This consultation sets out MAS’ proposed Guidelines on Environmental Risk Management for all fund management companies and real estate investment trust managers. MAS is proposing to issue the Guidelines to enhance financial institutions’ resilience to and management of environmental risk. Response VIEW DOCUMENT Response to Feedback Received on Guidelines on Environmental Risk Management for Asset Managers (2.37 MB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Guidelines on Environmental
- MAS
- Speeches
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- Mr Willie Cheng, Chairman, SID Distinguished guests, ladies and gentlemen, a very good morning. Importance of diversity 1 Thanks for inviting me to close today’s event, especially after such a robust and interesting discussion. First, let me congratulate SID and BoardAgender on the launch of the publication – Women on Board: Making a Real Difference. It is timely, given growing recognition of the value a diverse board can bring to the company. 2 We have heard about successful companies capitalising
- MAS
- Speeches
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- LIA President, Mr Tan Hak Leh Distinguished Guests, Ladies and Gentlemen, 1 Good afternoon. Thank you for inviting me to your Annual General Meeting Luncheon. May I congratulate Mr Tan Hak Leh on his election as the President of LIA, and Mr Neal Armstrong and Mr Simon Newman on being elected Deputy Presidents. I would also like to thank them for agreeing to take up the challenge of leading the industry over the next year. 2 The Singapore economy rebounded strongly last year with a record
- MAS
- Guidelines
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- Guidelines for valuation of general insurance policy liabilities, and for preparing an actuarial investigation report for general insurance business. These guidelines apply to all direct insurers licensed to carry on general business (except captive insurers and marine mutual insurers) and any actuary approved by MAS to conduct an investigation into an insurer’s liabilities in respect of general insurance policies. They set out guidance on: The valuation of general insurance policy liabilities. How
- MAS
- Media Releases
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- Singapore, 17 July 2019… The Monetary Authority of Singapore (MAS) and the Central Bank of Kenya (CBK) have inked a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The two central banks will collaborate to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common standards. The cooperation was sealed at the inaugural Afro-Asia FinTech Festival in Nairobi, Kenya, which drew close
- MAS
- Speeches
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- Combating Money Laundering and Terrorism Financing Speech by Mr Ravi Menon, Assistant Managing Director (Complex Institutions), Monetary Authority of Singapore 1 Good morning. Let me congratulate PricewaterhouseCoopers for organising this conference on anti-money laundering. This is an important issue, and I am grateful for the opportunity to share with you the Monetary Authority of Singapore's perspectives. 2 First, a few quick words about the nature and scope of the problem. Money laundering