Showing 5563 Documents for "MAS"
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- MAS
- Enforcement Actions
Last revised date:
- Singapore, 16 March 2020 … The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $400,000 on TMF Trustees Singapore Limited (TTSL) for failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.
- These failures were identified following an inspection by MAS. TTSL has paid the composition penalty in full and taken prompt remedial actions. 2 MAS found that, between June 2011 to April 2018, TTSL had failed to comply with MAS’ AML/CFT requirements for trust companies.
- Each breach of Notice TCA-N03 is an offence punishable under section 27B(2) of the MAS Act, where the maximum prescribed fine is $1,000,000 per offence. The breach is compounded under section 176 of the MAS Act.
- MAS
- Macroeconomic Reviews
Last revised date:
- Monetary Authority of Singapore Economic Policy Department 9 -------- Macroeconomic Developments 25 Box B Review of MAS Money Market Operations in FY2007/08 This box reviews the conduct of MAS Money Market Operations (MMOs) in FY2007/08.
- Q2 Q3 Q4 2008 Q1 Public Sector Operations Currency in Circulation Singapore Government Securities Net Liquidity Impact of MAS MMOs Over FY2007/08, MAS' MMOs took into consideration the impact of autonomous money market factors and MAS foreign exchange (FX) intervention operations on
- (Chart 3.38) in 2008 and 2.53.5% rate, inflation in 2009. which Outlook 71 Chart 3.37 Headline and MAS Underlying Inflation Forecast (qoq) Headline CPI Inflation Forecast MAS Underlying Inflation 2004 2005 2006 2007 2008 2009 Q4 Chart 3.38 Headline and MAS Underlying Inflation
- MAS
- Consultations
Last revised date:
- Please direct comments to - Prudential Policy Department Monetary Authority of Singapore 10 Shenton Way, MAS Building Singapore 079117 Fax: 62203973 Email: policy@mas.gov.sg MONETARY AUTHORITY OF SINGAPORE -------- CONSULTATION PAPER ON PROPOSED AMENDMENTS TO MAS NOTICE 637 ON RISK
- MONETARY AUTHORITY OF SINGAPORE -------- CONSULTATION PAPER ON PROPOSED AMENDMENTS TO MAS NOTICE 637 ON RISK BASED 5 NOV 2012 CAPITAL ADEQUACY REQUIREMENTS FOR BANKS INCORPORATED IN SINGAPORE ANNEX 1 DRAFT REVISED MAS NOTICE 637 Disclaimer: This version of the Notice is in draft form and
- Monetary Authority of Singapore 11-7 -------- (f) By major industry or counterparty-type: (i) amount of classified loans under MAS 612; (ii) amount of past due loans under MAS 612806C; (iii) (iv) charges for individual impairment allowances and individual and collective impairment
- MAS
- Circulars
Last revised date:
- Appendix A of the MAS Notice 100 on Licensing of Insurers has been amended accordingly to set out the revised requirement. 4 The respective amendment regulations and revised MAS Notice 100 are available on the MAS website (www.mas.gov.sg).
- ID 42/20 30 December 2020 Chief Executives/ Chief Executive Officer All Insurers and Lloyds Asia Scheme Administrator Dear Sir/Madam AMENDMENTS OF INSURANCE REGULATIONS AND MAS NOTICE 100 Currently, annual fees are paid to the Monetary Authority of Singapore (MAS) before 1st
- Informs all insurers on changes to insurance regulations and MAS Notice 100. Circular No.
- MAS
- Media Releases
Last revised date:
- 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.
- The top three teams each won a cash prize of S$50,000. 5 Mr Sopnendu Mohanty, Chief FinTech Officer of MAS, said, “The MAS FinTech Awards celebrate the spirit of innovation and creativity within Singapore’s financial sector.
- The 10 awardees are: Award Company Name Prize ABS Global FinTech Award 1 BioCatch S$150,000 MAS FinTech Awards (Singapore Open) 2 1st place – fastacash Pte Ltd S$250,000 2nd place – M-DAQ Pte Ltd S$100,000 3rd place – Pole Star Space Applications Ltd S$50,000 MAS FinTech Awards (Singapore SME) 3 1st
- MAS
- Media Releases
Last revised date:
- Singapore, 18 June 2015…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed eminent macroeconomist Professor Lawrence Christiano as the MAS Term Professor in Economics and Finance. Professor Christiano, who is the Alfred W.
- About Monetary Authority of Singapore As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities.
- We are delighted that he has been appointed as the MAS Term Professor and we look forward to welcoming him to MAS.” 5 Professor Christiano will deliver a public lecture at NUS on 18 June 2015 titled “The Great Recession: Earthquake for Macroeconomics”, during which he will share his insights on how
- MAS
- Media Releases
Last revised date:
- MAS FinTech Awards (Singapore Founder): Singapore-based SMEs with at least one Singaporean founder b. MAS FinTech Awards (Singapore SME): Singapore-based SMEs c. MAS FinTech Awards (Singapore Open): Singapore-based companies of any size d.
- Mr Sopnendu Mohanty, Chief FinTech Officer of MAS, said “The MAS FinTech Awards and ABS Global FinTech Award represent the industry’s highest accolade for FinTech innovation.
- Singapore, 1 August 2016… The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced today that the submission of entries for the FinTech Awards will be open from now till 31 August 2016.
- MAS
- Notices
Last revised date:
- Amendment Notes 25 May 2004 MAS Notice 634 (Amendment) 2004 takes effect. 19 Feb 2003 MAS Notice 634 dated 19 February 2003 takes effect. MAS Notice 634 Appendix 1: Banking Secrecy Outsourcing Conditions (14.9 KB) BANKING SECRECY OUTSOURCING CONDITIONS 1.
- is prohibited under laws its [MAS Notice 634 (Amendment) 2004]
- Where the service provider is an overseas regulated financial institution, a written confirmation is to be given to MAS by the supervisory authority of the service provider to the effect that: (a) MAS and any independent auditors appointed by MAS will be allowed
- MAS
- Media Releases
Last revised date:
- Singapore, 5 October 2021… The Monetary Authority of Singapore (MAS) announced today a series of events and activities to commemorate its Golden Jubilee. MAS began operations in 1971. 2.
- Finally, the MAS Gallery will be revamped with a refreshed look and new exhibits. The fully contactless new Gallery will occupy two floors in the MAS Building.
- MAS will launch two books to commemorate its 50th anniversary. The first book, titled “Resilience, Dynamism, Trust: 50 Landmark Statements by MAS Leaders” , will be launched during the Partners Appreciation Evening.
- MAS
- Media Releases
Last revised date:
- Singapore, 2 July 2021...The Monetary Authority of Singapore (MAS) today issued a consultation paper proposing to strengthen its investigative powers under MAS-administered Acts, so as to enhance its ability to gather evidence.
- to empower MAS to enter premises without prior notice or a court warrant in connection with investigations under the Securities and Futures Act (SFA) or the Financial Advisers Act (FAA) where MAS assesses that there is a risk of evidence being destroyed.
- The proposed amendments will be made under a Financial Institutions (Miscellaneous Amendments) Bill The Financial Institutions (Miscellaneous Amendments) Bill seeks to enhance and rationalise MAS’ investigative and supervision powers, through amendments to various Acts under MAS’ purview.