Showing 4566 Documents for "economic issues"
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- MAS
- Guidelines
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- Guidelines for insurers seeking exemption to use internal models to determine the regulatory liability and capital requirements for life insurance products with investment guarantees which have non-linear payouts. These guidelines apply to all direct life insurers intending to develop and use internal models for insurance products with investment guarantees which have non-linear payouts (e.g. variable annuity policies). They set out: General application process for the exemption from relevant section
- MAS
- Speeches
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- Distinguished guests, ladies and gentlemen, Good morning. We use certain adjectives quite liberally these days – game changing, needle-moving, transformative. Philanthropy alone is not enough; we also want this to be catalytic. The concept of a catalyst was first introduced by the Swedish chemist Jöns Jacob Berzelius in the early 19th century. He used the term “katalysis” to describe the acceleration of chemical reactions by substances that he called “catalysts” Jaime Wisniak (2018), “The History
- MAS
- Speeches
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- Ladies and gentlemen, good morning and welcome to the inaugural Singapore FinTech Festival. We have more than 11,000 participants from more than 50 countries, attending one or more of the many events lined up over these five days. Technologies Transforming Finance Financial technology or FinTech is transforming financial services, in a way not seen before. We have unprecedented mobility. The smartphone is becoming our bank. People can consume financial services on the go. We have unprecedented connectivity
- MAS
- Notices
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- Requirements and standards in relation to disclosure, investment guidelines, borrowing limits and operational practices for investment-linked policies. This notice applies to all direct life and composite insurers who offer participating policies. It sets out: • mandatory requirements on notifications to MAS, valuation of units, audit of ILP sub-funds, disclosures, and other operational practices; and • non-mandatory standards on investment guidelines, borrowing limits, valuation errors and compensation
- MAS
- Media Releases
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- Singapore, 20 June 2005...The International Advisory Panel (IAP) of the Monetary Authority of Singapore (MAS) gave strong endorsement to Singapore's strategies for the continued growth of its financial centre. 2 The IAP expressed optimism about the long term growth prospects in Asia. They commented that the emergence of China and India as economic powerhouses was lifting all players. They observed the opportunities for Southeast Asia arising from international firms' desire for diversification
- MAS
- Speeches
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- Ladies and Gentlemen, 1 Good morning. I am delighted to be here with such a distinguished group of scholars and practitioners of Islamic Finance. I would also like to take this opportunity to bid a warm welcome to our foreign guests and hope that your stay here will be productive and enjoyable. Current Situation 2 Islamic Financing has grown significantly since the 1970s, when the first Islamic commercial bank, Dubai Islamic Bank was opened. It is estimated that there are now about 300 Islamic
- MAS
- Speeches
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- Mr Andrew Beeson, Chairman, Schroders Ms Susan Soh, Managing Director and Country Head, Schroders Singapore Members of the Schroders board Distinguished guests, ladies and gentlemen, good evening. I am delighted to join you to celebrate the 40th anniversary of Schroders Singapore and the opening of your new office. 2 Established in London in 1804 – 15 years before the founding of modern Singapore by Stamford Raffles, Schroders is a venerable institution with a long and rich history. 3 Over the
- MAS
- Speeches
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- Ladies and gentlemen, 1 I am delighted to be here with you today at the inaugural Asian ETF Investors Summit held in Singapore. I understand that the conference has generated some interest and I am happy to share with you some of my perspectives on the ETF industry. Growth of the ETF industry – Globally and in Asia 2 The ETF industry has grown significantly since the inception of the first ETF by State Street Global Advisors to track the S&P 500 stock index in 1993. Today, the SPDR S&
- MAS
- Speeches
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- Mdm Speaker, I beg to move, “That the Bill be now read a second time”. INTRODUCTION 2 Singapore’s financial centre has contributed significantly to our economic growth and development. However, the size and international reach of our financial sector also expose Singapore to money laundering and terrorism financing risks. To mitigate these risks, the Monetary Authority of Singapore (MAS) has in place a robust preventive regime that combines stringent admission and licensing requirements, rigorous
- MAS
- Parliamentary Replies
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- QUESTION NO 2014 NOTICE PAPER 1254 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 2 August 2022 Name and Constituency of Member of Parliament Mr Shawn Huang Wei Zhong, MP, Jurong GRC Question: To ask the Prime Minister whether the Government is able to provide a comparative table of median debt-to-income ratio of Singaporeans and citizens living in the top 10 cities ranked by gross domestic product for the past three years. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister