Showing 4566 Documents for "economic issues"
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- Provides clarifications to some frequently asked questions on MAS Notice 757 and equivalent notices. FREQUENTLY ASKED QUESTIONS ON MAS NOTICE 757 AND EQUIVALENT NOTICES What is MAS' policy on lending of S$ to non-resident financial institutions (formerly known as OVERVIEW AND DEFINITIONS 1. policy on non-internationalisation of S$)? The policy essentially limits the lending of S$ to non-resident financial institutions for speculation in the S$ currency market. The policy stems
- MAS
- Media Releases
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- Singapore, 24 April 2015…Senior officials from the Swiss Federal Department of Finance (FDF), the Swiss National Bank and the Monetary Authority of Singapore (MAS) met today for an inaugural Financial Dialogue. The two delegations were led by Mr René Weber, Head of the Markets Division, FDF, and Ms Jacqueline Loh, Deputy Managing Director, MAS. They exchanged views on global economic and financial market developments, financial market policies, as well as international and domestic regulatory reforms
- MAS
- Consultations
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- Draft Guidelines on AML/CFT that take into account substantial developments on the international front. They should be read in conjunction with the respective draft Notices Response VIEW DOCUMENT Response to Feedback: Draft Guidelines to Notices on Prevention of Money Laundering and CFT (54.5 KB) Consultation Paper VIEW DOCUMENT Draft Guidelines to Notices on Prevention of Money Laundering and Countering the Financing of Terrorism (562 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON ANTI
- MAS
- Media Releases
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- Singapore, 5 December 2000 - The Singapore Clearing House Association (SCHA) has awarded Citibank and Banking Computer Services Pte Ltd (BCS) another five-year contract for running the United States Dollar Cheque Clearing System (USDCCS) in Singapore. Citibank will be the settlement bank while BCS will be the clearing agent for the USDCCS. 2 At the contract signing ceremony held at the Monetary Authority of Singapore (MAS) today, Mr Koh Ching Ang, MAS' Executive Director for Finance, congratulated
- MAS
- Media Releases
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- Singapore, 28 March 2003....The Monetary Authority of Singapore (MAS) today issued revised Property Fund Guidelines to give property funds more flexibility in managing their capital structure and to enhance risk disclosure in the prospectuses of such funds. 2 Under the revised guidelines, a property fund can borrow up to 35% (25% previously) of the fund's deposited property. Furthermore, a property fund may borrow more than 35% of its deposited property if: All of its borrowings (including new
- MAS
- Media Releases
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- Singapore, 7 September 2017… The United Kingdom (UK) and Singapore held the third UK-Singapore Financial Dialogue in Singapore today. Both sides exchanged views on domestic and international financial market developments and covered a broad range of areas encompassing the global economy, regulatory developments, FinTech and cyber-security. 2. The Dialogue was chaired by Ms Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), and Ms Katharine Braddick, Director General
- MAS
- Media Releases
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- Singapore, 28 January 2021… The Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS), issued today a proposed taxonomy for Singapore-based financial institutions to identify activities that can be considered green or transitioning towards green. GFIT also launched today a handbook on implementing environmental risk management for asset managers, banks, and insurers. 2 GFIT comprises representatives from financial institutions, corporates, non-governmental
- MAS
- Speeches
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- Apart from the on-going discussions on public health and economic issues, there have also been conversations on the impact the pandemic has on individuals’ emotional, mental, and financial well-being – both now, and in the longer term. 7.
- MAS
- Speeches
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- Good morning, ladies and gentlemen, and a warm welcome to Singapore to our overseas guests. 1 The theme for this year’s conference - “Reality Check on Growth and Promise of Takaful as a Dynamic Force” is appropriate and timely in many ways. Given the upheavals in the international financial system and asset markets, a sober reality check is in order to assess the impact from recent developments. In general, the insurance industry in Asia has weathered the crisis well but there is no room for
- MAS
- Speeches
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- 1 Mdm Speaker, I beg to move that the Bill be now read a second time. 2 The principal impetus for this Bill comes from international developments in financial regulation following the recent global financial crisis. An important dimension of this, as advanced by the Financial Stability Board (“FSB”), involves enhancing the powers of regulators and widening their options in dealing with domestic and international financial institutions in distress. Singapore is a member of the FSB and has contributed