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- MAS
- Media Releases
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- Singapore, 3 August 2020… The Monetary Authority of Singapore (MAS) and Enterprise Singapore announced that the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SWITCH) will expand to become the world’s first week-long round-the-clock, hybrid digital and physical event. Running from 7 to 11 December 2020, participants may attend in person at key physical locations around the world as well as be connected in an online city experience. 2. SFF x SWITCH 2020 will provide
- MAS
- Media Releases
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- Singapore, 9 November 2021… The Monetary Authority of Singapore (MAS) announced today that it will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for good data on sustainability. Project Greenprint was launched in December 2020 to harness innovation and technology to promote a green finance ecosystem through helping to mobilise capital, monitor sustainability commitments, and measure impact. Project Greenprint features three
- MAS
- Media Releases
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- Singapore, 29 March 2023... DBS notified MAS early this morning that its customers were experiencing difficulties logging in to its digital banking services. MAS has been in close contact with DBS to ensure expedited recovery of its digital services and timely communications to customers on the disruption. We note the bank has since resumed normal digital banking services and is monitoring the situation. 2. MAS takes seriously the reliability of banks’ critical IT systems. 3. Today’s disruption of
- MAS
- Speeches
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- Distinguished guests Ladies and Gentlemen 1. Good morning. I would first like to thank the Asia Insurance Review (“AIR”) and the Geneva Association for inviting me to the Asia CEO Insurance Summit this year. It is not often that leaders in the insurance sector from the region can gather together in one place. I hope my remarks, seen from a regulator’s perspective, can contribute to the discussions that will take place over the next two days and back in your boardrooms. What does digitalisation
- PDPC
- Public Consultations
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- 20 September 2017 CENTRE FOR INFORMATION POLICY LEADERSHIP RESPONSE SINGAPORE PUBLIC CONSULTATION FOR APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY The Centre for Information Policy Leadership at Hunton & Williams LLP (CIPL) welcomes this opportunity to respond to the Singapore Personal Data Protection Commission (PDPC) on its Public Consultation for Approaches to Managing Personal Data in the Digital Economy. CIPL is a privacy and data protection think tank
- MAS
- Media Releases
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- Singapore, 7 February 2022... The Monetary Authority of Singapore (MAS) has imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement following the widespread unavailability of DBS Bank’s digital banking services during 23-25 November 2021. MAS has required DBS Bank to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk. This translates to an additional amount of approximately S$930 million in regulatory capital (based on reported financial statements as at
- 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, 30 June 2019… The Monetary Authority of Singapore (MAS) welcomes the announcement by the Bank for International Settlements (BIS) to establish an Innovation Hub Centre in Singapore. The Hub Centre in Singapore, along with Hub Centres in Basel and Hong Kong, is a key pillar in a new BIS Innovation Hub initiative The BIS’ media release can be accessed at this link . Besides the new BIS Innovation Hub Centre in Singapore, two other Hub Centres will be set up in BIS’ existing offices in Basel
- MAS
- Media Releases
Last revised date:
- Singapore, 25 April 2023… The Monetary Authority of Singapore (MAS) today published two consultation papers with proposals to enhance safeguards for prospecting and marketing of financial products. The enhancements seek to raise industry standards by requiring financial institutions to put in place additional controls when engaging in prospecting and marketing activities through both physical and digital means. 2. With the resumption of roadshows and the increased use of digital applications and
- MAS
- Media Releases
Last revised date:
- Singapore, 5 May 2023... The Monetary Authority of Singapore (MAS) has imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement, following the widespread unavailability of DBS Bank’s digital banking services on 29 March 2023 and a subsequent disruption to its digital banking and ATM services on 5 May 2023. Together with the additional capital requirement imposed on DBS in February 2022 MAS Imposes Additional Capital Requirement on DBS Bank for Disruption of Digital Banking Services ,