Showing 4566 Documents for "economic issues"
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- Speeches
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- Distinguished guests, ladies and gentlemen, good morning. And to the organizers of the 17th EAAC, thank you for the welcome invitation to speak this morning. 1 Over the past 15 years, the world has witnessed several major risk events – the 9/11 terrorist attacks, the global financial crisis, and the natural catastrophes in 2011, to name a few. The far-reaching impacts of these events on the economic, social and business environment spurred government officials, regulators and industry leaders to
- MAS
- Speeches
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- FinTech is fundamentally transforming the financial industry. The smartphone is becoming our bank. Computer programmes are offering investment advice. People can now lend directly to one another online. Technology will replace many jobs in finance but will also create exciting new jobs Calls for new and different skill sets – understanding technology and the ability to work with and harness the power of machines and algorithms As someone in Silicon Valley put it, “the geek shall inherit the earth
- MAS
- Media Releases
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- Singapore, 2 November 2022… The Monetary Authority of Singapore (MAS) announced today that the first industry pilot under MAS’ Project Guardian Please refer to the media release on the announcement on Project Guardian: https://www.mas.gov.sg/news/media-releases/2022/mas-partners-the-industry-to-pilot-use-cases-in-digital-assets that explores potential decentralised finance (DeFi) applications in wholesale funding markets has completed its first live trades. More industry pilots have been launched
- 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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- Distinguished guests, Ladies and gentlemen, 1. Good afternoon. 2. I am very pleased to be here with you today at the REITAS annual conference. This year marks the 20th anniversary of the Singapore REIT industry – an important milestone given that it almost did not take off, for those of you who still remember. Singapore’s development into a REIT hub 3. Today, Singapore has a large, diversified REIT market – geographically and by types of properties. It speaks to the appeal of our REIT framework,
- MAS
- Speeches
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- 1. Mr Deputy Speaker, I beg to move, “That the Bill be now read a second time.” Introduction 2. The Variable Capital Companies Bill provides a legislative framework for the incorporation and operation of a corporate structure tailored specifically for investment funds. The introduction of this corporate structure, known as the variable capital company or “VCC”, will be a game-changer for Singapore’s fund management industry as it will allow us to capture value from the full fund management
- MAS
- Monographs/Information Papers
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- Addresses the regulation function in MAS’ oversight of the Singapore financial sector and describes the Tenets that guide MAS in the development and review of its regulatory framework. Resources: Objectives and Principles of Financial Sector Oversight in Singapore MAS Framework for Impact and Risk Assessment of Financial Institutions Supervision of Financial Market Infrastructures in Singapore Enforcement MAS Approach to Resolution of Financial Institutions in Singapore TENETS OF EFFECTIVE REGULATION
- MAS
- Speeches
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- Keynote Address by Ms Yeo Lian Sim, Assistant Managing Director (Capital Markets), Monetary Authority of Singapore Date: 19 Jul 1999 INTRODUCTION 1 Thank you for inviting me to address you. The timing of the Conference is propitious, as Asia seems to have put the financial crisis behind her. Currencies, which were plunging 12-18 months ago, have not only stabilised but also begun to rise with such conviction as to elicit dampening intervention by, dare I say it, all Central Banks in the region
- MAS
- Speeches
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- 1. Mr Speaker, I beg to move, “That the Bill be now read a second time.” Introduction 2. As Singapore’s central bank, the Monetary Authority of Singapore (MAS) conducts monetary policy to maintain medium-term price stability which is necessary for sustained growth of the economy. MAS conducts monetary policy by managing the nominal effective exchange rate of the Singapore Dollar, the S$NEER, within a policy band. When global financial or economic conditions cause the S$NEER to be subject to significant
- MAS
- Parliamentary Replies
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- Issues Raised in Parliament AANSWER TO PARLIAMENTARY QUESTION ON: the Use of Singapore Dollars for Projects Outside Singapore For Parliament Sitting on 04 Sep 98 Question: To ask the Deputy Prime Minister whether the Monetary Authority of Singapore will allow Singapore based companies to use the Singapore Dollar for their projects outside Singapore. 1 The Finance Companies Act was revised in December 1994 to raise the minimum capital requirement for finance companies from $0.5m to $50m. The aim was