Showing 4089 Documents for "payment services"

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    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $5,000 was imposed on BLS International Services Singapore for failing to put in place reasonable security arrangements to prevent the unauthorised disclosure of the personal data of individuals who had submitted a booking for an appointment on its website. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2007-B6563 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And BLS International Services
    • MAS
    • Speeches

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    • Listen to podcast here . Tim Adams: Over the past few weeks, we've reached out to some leading central bank chiefs around the world to get a sense from them on their policy response to the COVID-19 pandemic. We have with us tonight Ravi Menon, the Managing Director of the Monetary Authority of Singapore, who is not only a friend, but one of the most recognisable thought leaders of central banking and finance in the 21st century. And that's a lofty title I give you, but I can't think of anyone else
    • MAS
    • Financial Stability Reviews

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    • Chart F6 Outstanding Housing Loans by LTV Ratios Source: MAS Source: MAS Simulations show that the current mortgage-servicing burden (mortgage payment as a share of total income) among households remains manageable.
    • MAS
    • Parliamentary Replies

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    • QUESTION NO 2144 NOTICE PAPER 1284 OF 2018 FOR WRITTEN ANSWER Date: For Parliament Sitting on 06 August 2018 Name and Constituency of Member of Parliament Mr Desmond Choo, MP, Tampines GRC Question: To ask the Minister for Finance in light of the announcement by a major bank to reduce the number of bank tellers by half (a) whether there will be similar changes across the banking industry; (b) what are the measures in place to help older residents migrate to digital banking; and (c) how is the Ministry
    • MAS
    • Speeches

    Last revised date:

    • Speech by Mr Tharman Shanmugaratnam, Deputy Managing Director, MAS, at the 4th LawAsia Business Law Conference 2000 Date: 03 Nov 2000 1   THE CHANGING FINANCIAL LANDSCAPE 1.1   I am grateful for LawAsia's invitation to address the Conference this morning. I will begin by highlighting a number of fundamental trends that are shaping the financial landscape, globally and in Asia, before discussing the challenges that they pose for the regulation and supervision of financial services. I will also provide
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $26,000 was imposed on Cognita Asia Holdings for failing to put in place reasonable security arrangements to protect the personal data in its possession from a ransomware attack. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION [2022] SGPDPCS 14 Case No. DP-2106-B8484 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Cognita Asia Holdings Pte Ltd SUMMARY OF THE DECISION 1.
    • MAS
    • Subsidiary Legislation

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    • Requirements for carrying on insurance business under the Lloyd's Asia Scheme, a foreign insurer scheme established under the Insurance Act (Cap. 142). Resource Forms and Annexes and Notes to the Forms Used for the Purposes of the Insurance (Lloyd's Asia Scheme) Regulations (with effect from 16 March 2021) (2.46 MB) 30 Dec 2020 Insurance (Lloyd’s Asia Scheme) (Amendment No. 2) Regulations 2020 (60.9 KB) takes effect on 31 Dec 2020. 28 Feb 2020 Insurance (Lloyd’s Asia Scheme) (Amendment) Regulations
    • MAS
    • Guidelines

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    • Guidelines on the scope of regulation and exemption under the Trust Companies Act. These guidelines set out the scope of trust business activities and provides examples of what MAS considers to be: Creation of an express trust, or arranging for any person to act as a trustee. Providing trust administration services for an express trust. Procedural and non-discretionary trust administrative services. The Monetary Authority of Singapore TRUST COMPANIES ACT (ACT 11 OF 2005) GUIDELINES ON SCOPE
    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback Received_Consultation Paper on Proposed Amendments on Covered Bonds (288.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Amendments to MAS Notice 648 on Issuance of Covered Bonds by Banks Incorporated in Singapore (151.6 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON AMENDMENTS TO MAS NOTICE 648 ON COVERED BONDS ISSUANCE Introduction 1 1.1 On 29 January 2015, MAS issued a consultation paper inviting interested parties
    • MAS
    • Macroeconomic Reviews

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    • The global recovery suffered a setback in Q2 and Q3 2021, weighed down by fresh waves of COVID-19 infections. The slowdown was more pronounced in Asia ex-Japan, where vaccination rates were generally lower and public health measures have been more stringent. Growth was firmer in the major advanced economies, as vaccinations have weakened the linkage between infections and economic activity. The turnaround in global aggregate demand, alongside the pandemic-related shift in consumption from services