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- Media Releases
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- 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
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- 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.
- MAS
- Speeches
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- 1 The Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (“MAS”), Mr Tharman Shanmugaratnam, today moved the Payment Systems (Oversight) (Amendment) Bill 2012 (“Bill”) for first reading in Parliament.
- of Parts V (Obligations of operators and settlement institutions of a DPS) and Part VI (Oversight powers over DPS) of the PSOA to MAS as it would not be practical for MAS to take action and impose legal penalties on itself for any non-compliance.
- (II) Confidentiality of Reports Issued by MAS (Section 27A) 7 The proposed new section provides an express provision for safeguarding the confidentiality of the information contained in the reports issued by MAS to the operator or settlement institution of a DPS, such as an inspection report.
- MAS
- Media Releases
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- Singapore, 28 May 2004...The Monetary Authority of Singapore (MAS) today released details of changes to the capital adequacy requirements for Singapore-incorporated banks.
- MAS Notice 637 on "Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore" is available on the MAS website ( Click here to view ). *** A background document is attached below.
- Effective from 30 June 2004, MAS will lower the Tier 1 capital adequacy ratio (CAR) requirement from 8% to 7%, and the Total CAR requirement from 12% to 10%. MAS will also make a number of adjustments to the rules for computing CAR.
- MAS
- Media Releases
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- 22 May 2015, Singapore…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed distinguished macroeconomist, Professor Andrew Rose, as the MAS Term Professor in Economics and Finance for a period of two months from 25 May 2015.
- We have benefitted tremendously from Andrew’s insights in his previous visits to Singapore and the MAS, and are pleased that he has been appointed as the MAS Term Professor.
- 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.
- MAS
- Recent Economic Developments
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- In February 2016, MAS lowered the full year forecast for CPI-All Items inflation to 1.00.0% from 0.50.5%, while keeping the forecast range for MAS Core Inflation unchanged.
- Monetary Authority of Singapore 12 Economic Policy Group -------- C.
- Monetary Authority of Singapore 16 Economic Policy Group -------- D.
- MAS
- Consultations
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- administered by MAS.
- Written comments may be submitted by 27 June 2003 to: MAS invites interested parties to forward their views and comments on Insurance Supervision Department Monetary Authority of Singapore 10 Shenton Way MAS Building Singapore 079117 Email: ia_amdt@mas.gov.sg Fax: (65) 6229-9694 16
- This paper summarizes the comments received and sets out MAS responses to these comments.
- MAS
- Consumer Price Developments
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- MAS Core Inflation The Monetary Authority of Singapore (MAS) monitors a core inflation measure that excludes the components of Accommodation and Private Road Transport.
- MAS Core Inflation was 0.0%, compared to 0.3% in the previous month.
- MAS Core Inflation edged up to 0.4% in January MAS Core Inflation, which excludes the costs of accommodation and private road transport, rose to 0.4% in January from 0.3% a month ago.
- MAS
- Speeches
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- Set out powers to provide financial assistance to the IMF, including loans, grants and interest-free deposits 6 MAS currently has powers to provide loans and interest-free deposits to the IMF under the MAS Act, but not grants.
- This is unlike loans to IMF which are to be repaid at maturity, and are recorded as assets in MAS’ balance sheet. Loans to the IMF remain part of Singapore’s Official Foreign Reserves, which are managed by MAS as the central bank. III.
- While MAS has in the past issued media statements and provided answers in Parliament on such assistance, such as in the case of MAS’ contingent loan to the IMF in 2012, a Gazette notice as required in this Bill will provide further transparency. c.
- MAS
- Speeches
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- The proposed BWAA amendments will provide MAS with additional powers to make grants, in order to enable MAS to participate in the IMF’s initiative to strengthen PRGT resources.
- In addition, as the BWAA provides the legal framework setting out MAS’ role as Singapore’s representative and counterparty on all IMF matters, the proposed amendments also consolidate MAS’ existing powers to provide loans and interest-free deposits (currently in the MAS Act) into the BWAA.
- This is because grants are treated as expenses whereas loans will be repaid at maturity and are recorded as assets in MAS’ balance sheet. Loans to the IMF remain part of Singapore’s Official Foreign Reserves (“OFR”), which are managed by MAS as the central bank.