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    • PDPC
    • Public Consultations

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    • RESPONSE TO FEEDBACK ON THE PUBLIC CONSULTATION ON APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY Issued 1 February 2018 -------- RESPONSE TO FEEDBACK ON THE PUBLIC CONSULTATION ON APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY (Issued 1 February 2018) (issued DD Month YYYY) TABLE OF CONTENTS PART I: INTRODUCTION AND BACKGROUND .............................................................................. 3 PART II: ENHANCED FRAMEWORK FOR COLLECTION
    • PDPC
    • Public Consultations

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    • Public Consultation For (a) Managing Unsolicited Commercial Messages and (b) the Provision of Guidance to Support Innovation in The Digital Economy 1st June 2018 Contact Person: Dr. Rex Yeap -------- Public Consultation For (a) Managing Unsolicited Commercial Messages and (b) the Provision of Guidance to Support Innovation in The Digital Economy This is a response to the ‘Public Consultation for Managing Unsolicited Commercial Messages and the
    • MAS
    • Speeches

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    • Ms Fann Teh, IMAS Regulatory Committee Chair, Panel Speakers, Members of IMAS, Ladies and gentlemen Introduction Good afternoon and thank you for having me back at this annual Regulatory Forum as IMAS turns 25 this year. When we last met, I noted that the asset management industry was in a strong position to build back better despite the challenges posed by the COVID-19 pandemic. Let us look at where things stand this time round: • Globally, asset under management (AUM) grew by 11% to reach US$103
    • MAS
    • Media Releases

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    • Singapore, May 23, 2017... IFC, a member of the World Bank Group and the Monetary Authority of Singapore (MAS) signed a memorandum of cooperation today, agreeing to work together to establish and develop the ASEAN Financial Innovation Network (AFIN). The network aims to facilitate broader adoption of financial technology (FinTech) innovation and development, and enhance economic integration within the ASEAN region. Through AFIN, IFC and MAS plan to establish a regional network to help financial institutions
    • MAS
    • Media Releases

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    • Kigali, 28 June 2023… The Monetary Authority of Singapore (MAS) and the National Bank of Rwanda (NBR), in partnership with the Business Development Fund of Rwanda (BDF) and Proxtera Pte Ltd Proxtera is a digital platform that aims to facilitate cross border trade connectivity among emerging market SMEs. , today announced the official launch of the Rwanda Imbaraga SME Ecosystem (RISE) programme. A Memorandum of Understanding was signed between the two central banks, BDF and Proxtera. This collaborative
    • MAS
    • Macroeconomic Reviews

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    • Contents, Preface and Highlights PDF (136.6 KB) Monetary Policy Statement PDF (107.8 KB) Chapter 1 Macroeconomic Developments Box A: Review of MAS Money Market Operations in FY2009/10 PDF (459.6 KB) Chapter 2 Wage-Price Dynamics Box B: Why so Different? Singapore's Recent Labour Market Dynamics PDF (278.4 KB) Chapter 3 Outlook PDF (259.8 KB) Special Feature A: Is Free Trade Green? PDF (109.1 KB) Special Feature B: Is China a Sustainable Source of Demand for East Asia? PDF (213.9 KB) Special Feature
    • 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. ] ------
    • MAS
    • Speeches

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    • Ladies and Gentlemen, Good evening. 1.    I am delighted to be here to share MAS’ perspectives on a topic that is likely top of mind for risk leaders from the financial and tech sectors – who are in our midst today. Risk and Reward 2.    Today’s discussions centre on whether FinTech and digital innovations could provide an ultimate solution for risk management. This is a theme that inspires an optimistic, yet cautionary examination of our approach to technology innovation. We continue to uncover
    • MAS
    • Parliamentary Replies

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    • QUESTION NO 2246 NOTICE PAPER 1423 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 20 October 2022 Name and Constituency of Member of Parliament Mr Derrick Goh, MP, Nee Soon GRC Question: To ask the Prime Minister (a) what is the progress of our digital banks in incorporating innovation to serve customer needs and reach underserved segments thus far; (b) whether the COVID-19 pandemic has had a material impact on its progress; and (c) what further measures will MAS recommend for digital
    • PDPC
    • Public Consultations

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    • PDPC’S PUBLIC CONSULTATION ON APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY Submitted by: AIG Asia Pacific Insurance Pte. Ltd. Contact persons: Priscilla Soh General Counsel Priscilla-KT.Soh@aig.com Lim Bee Lee Data Protection Officer Bee-Lee.Lim@aig.com -------- Question 1: Should the PDPA provide for Notification of Purpose as a basis for collecting, using and disclosing personal data without consent? We agree that the PDPA provide for Notification