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    • MAS
    • Speeches

    Last revised date:

    • 17   The MAS has moved away from merit-based regulation of products. 
    • MAS has consulted the banks and decided that a five-year rotation period provides the appropriate balance. 32   Is MAS confident that this move will ensure auditor effectiveness? 
    • Competition has in turn fostered greater innovation and efficiency. 13   Keenly aware of this competitive trend, MAS has freed up the wholesale banking market.  Last year MAS announced that all Offshore Banks will be upgraded to Wholesale Bank status over time. 
    • MAS
    • Recent Economic Developments

    Last revised date:

    • Source: DOS and EPG, MAS estimates Price increase of discretionary goods and services kept core inflation elevated Contribution to MAS Core Inflation while the decline of private transport inflation dampened headline inflation.
    • MAS Core Inflation Momentum Source: MOM and EPG, MAS estimates Note: A larger spider chart indicates tighter labour market conditions. All variables are indexed such that the 201019 historical average for each indicator takes a value of 100.
    • Monetary policy interest rates Source: Haver Analytics and EPG, MAS estimates * CPI aggregates are weighted by economies shares in Singapores direct imports.
    • MAS
    • Speeches

    Last revised date:

    • However, MAS will need to act as a catalyst to increase the focus on investor education in the financial sector.
    • They also need to understand that investing is for the long term and should be based on fundamental analysis. 63   This requires a collective effort on the part of MAS, industry bodies and consumer groups. It is not MAS' role to front all investor education?
    • MAS has actively hired from industry in order to build up its expertise. This has enhanced our understanding of the commercial environment and invigorated our organisation. Just as MAS has gained from such insider insight, industry too needs its share of talent.
    • MAS
    • Notices

    Last revised date:

    • MAS Notice 825A dated 30 November 2011 is cancelled. 01 Mar 2012 MAS Notice 825A dated 30 November 2011 takes effect.
    • MAS Notice 825A dated 19 January 2016 (last revised on 29 September 2016) is cancelled. 01 Nov 2016 MAS Notice 825A (Amendment) 2016 dated 29 September 2016 (213.9 KB) takes effect. 01 Apr 2016 MAS Notice 825A dated 19 January 2016 takes effect.
    • For further guidance on the revised MAS Notice 825A, please refer to Frequently Asked Questions (3 April 2023) (153.2 KB) . Amendment Notes 15 Dec 2022 MAS Notice 825A (Amendment) 2022 dated 14 December 2022 (416.5 KB) takes effect. 01 Jan 2018 MAS Notice 825A dated 12 December 2017 takes effect.
    • MAS
    • Consultations

    Last revised date:

    • MONETARY AUTHORITY OF SINGAPORE 1 -------- Made this day of 2011. HENG SWEE KEAT Managing Director, Monetary Authority of Singapore. [PPD06/2005; AG/LRRD/] MONETARY AUTHORITY OF SINGAPORE 2 --------
    • MAS consulted the public on the key policy proposals in 2005, 2009 and 2010, and issued our responses to feedback received. Copies of these are available on MAS website (www.mas.gov.sg).
    • MAS Response 2.1.2 be treated as the deposits of a bank and excluded from DI coverage.
    • MAS
    • Consumer Price Developments

    Last revised date:

    • MAS Core Inflation The Monetary Authority of Singapore (MAS) monitors a core inflation measure that excludes the components of Accommodation and Private Road Transport.
    • Source: MAS, MTI estimates * Categories below the dotted line are excluded from the MAS Core Inflation series.
    • https://www.singstat.gov.sg/-/media/files/publications/economy/cpiaug19.pdf MAS Core Inflation A detailed review of MAS Core Inflation can be found in A Review of the Core Inflation Measure for Singapore https://www.mas.gov.sg/-/media/MAS/resource/publications/staff_papers/StaffPaperNo51.pdf ---
    • MAS
    • Consumer Price Developments

    Last revised date:

    • MAS Core Inflation The Monetary Authority of Singapore (MAS) monitors a core inflation measure that excludes the components of Accommodation and Private Road Transport.
    • Meanwhile, MAS Core Inflation came in at 0% in September, the same as in August.
    • https://www.singstat.gov.sg/-/media/files/publications/economy/cpisep19.pdf MAS Core Inflation A detailed review of MAS Core Inflation can be found in A Review of the Core Inflation Measure for Singapore https://www.mas.gov.sg/-/media/MAS/resource/publications/staff_papers/StaffPaperNo51.pdf ---
    • MAS
    • Consumer Price Developments

    Last revised date:

    • 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.
    • This June 2015 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.
    • MAS
    • Consultations

    Last revised date:

    • Thus, in general, we concur with the MAS proposal that an ex-ante fund is preferred.
    • MAS' assessment is 1 -------- Monetary Authority of Singapore that a well-designed DI scheme can provide an appropriate level of depositor protection without imposing undue cost on the banking industry.
    • MAS has engaged an external consultant, Oliver, Wyman & Company, to advise on the deposit insurance fund size and premium structure. 4 This MAS Consultation Paper sets out the rationale and proposed features of a deposit insurance scheme in Singapore.
    • MAS
    • Media Releases

    Last revised date:

    • MAS will work with industry to formulate an insurance manpower development strategy. 5   Mr Lee said that MAS would continue to work together with the insurance industry to achieve international best practice and standards.
    • MAS plans to introduce a regulatory framework for health insurance in 2003 and will be seeking industry feedback on this. Risk-based Supervisory Framework: MAS has established the basic framework for risk-based supervision of the insurance industry.
    • Deputy Prime Minister and MAS Chairman Lee Hsien Loong today delivered the keynote address at the 38th annual seminar of the International Insurance Society (IIS).