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    • MAS
    • Financial Stability Reviews

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    • The Monetary Authority of Singapore (MAS) conducts regular assessment of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications on the soundness and stability of Singapore’s financial system. The analysis and results are contained in the Financial Stability Review (FSR), which aims to contribute to a greater understanding among market participants, analysts and the public on issues affecting Singapore's financial system.Main content
    • MAS
    • Media Releases

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    • Singapore, 8 December 2020… The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have commenced discussions to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana. These discussions on close cooperation will benefit the small and medium-sized enterprises (SMEs) and micro-SMEs (MSMEs) SMEs and micro-SMEs (MSMEs) play a critical role in the economies of Singapore and Ghana, composing over 90% of all businesses and driving substantial employment and
    • MAS
    • Media Releases

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    • Singapore, 30 Apr 2004...The Monetary Authority of Singapore (MAS) today announced that it will introduce $10 polymer portrait notes into circulation on 4 May 2004.  To preserve public familiarity and minimise modifications to note handling machines, the design of the new polymer notes is similar to the current $10 paper portrait notes except for a few changes to incorporate security features unique to polymer technology. MAS will continue to issue the current $10 paper notes as part of a phased
    • MAS
    • Media Releases

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    • Singapore, 1 June 2023… The Monetary Authority of Singapore (MAS) and Elevandi  today announced the theme of the Singapore FinTech Festival (SFF) 2023 – ‘Applications of Artificial Intelligence (AI) in Financial Services’ . SFF 2023 will focus on the growth and adoption of AI and how this technology can potentially be used in financial services. Organised by MAS and Elevandi A not-for-profit entity set up by the MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore
    • MAS
    • Macroeconomic Reviews

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    • -------- Volume VI, Issue 1 April 2007 Economic Policy Department Monetary Authority of Singapore -------- ISSN 0219-8908 Published in April 2007 Economic Policy Department Monetary Authority of Singapore http://www.mas.gov.sg All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanised, photocopying, recording or otherwise, without the prior written permission of the copyright owner except
    • MAS
    • Macroeconomic Reviews

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    • Contents PDF (160.8 KB) Preface PDF (114.1 KB) Highlights PDF (78.9 KB) Monetary Policy Statement PDF (142.5 KB) Chapter 1 Macroeconomic Developments Box A: A Stylised Depiction of the IT Inventory Adjustment Process Box B: Review of MAS Money Market Operations in FY2008/09 PDF (560.6 KB) Chapter 2 Wage-Price Dynamics PDF (560.6 KB) Chapter 3 Outlook Box C: A Bank Credit Model for Singapore PDF (351.1 KB) Special Feature A: Explaining Asia's Export Performance in the Downturn PDF (283.8 KB) Special
    • MAS
    • Speeches

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    • Mr Ravi Menon, Chairman of IBF, Council Members (who have joined us virtually), Awards Recipients, Distinguished guests, Ladies and gentlemen, 1.      Thank you for inviting me to join you on this rather special occasion. 2.      I want to thank Mr Nam Sin for sharing with us earlier the words of our then-Minister of Finance, Mr Hon Sui Sen. Indeed, what he says is a timely reminder that the future of work is always evolving and workforce transformation is a journey without an end. 3.      I want
    • MAS
    • Media Releases

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    • Singapore, 11 July 2023… The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have signed a Memorandum of Understanding (MoU) to collaborate on a Financial Transparency Corridor (FTC) initiative. The initiative aims to establish supporting digital infrastructures to facilitate trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in Singapore and Cambodia. 2. Under the FTC, a Singapore financial institution, in assessing financing
    • MAS
    • Consultations

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    • Proposed legislative amendments to raise the competency of FA representatives and quality of FA firms; lower distribution cost by enhancing market efficiency; and promote a culture of fair dealing. Response VIEW DOCUMENT Response to Feedback Received Financial Advisory Industry Review and Inspections by Foreign Regulatory Authorities (443.2 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on (1) Draft Legislation and Proposed Legislative Amendments to Effect the Policy Proposals under the
    • MAS
    • Media Releases

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    • Singapore, 19 November 2020… The Monetary Authority of Singapore (MAS) and Enterprise Singapore (ESG) announced today that more than 40 global satellite events will take place across the world as part of the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SWITCH) 2020. 2.     To be held from 7 to 11 December, SFF x SWITCH 2020 will feature a unique hybrid format that combines a 24-hour online event platform with global satellite events around the world. This new hybrid