Monetary Authority of Singapore

Time 2020-06-15 20:02:15

Web Name: Monetary Authority of Singapore

WebSite: http://www.mas.gov.sg

ID:2177

Keywords:

Authority,Monetary,Singapore,

Description:

IMPORTANT NOTICE: Scam emails, supposedly from MAS, have been sent to customers of moneylenders, asking for validation fees to be paid before loans are disbursed. MAS DOES NOT handle loan applications, nor collect validation fees or fees of any nature from the public. If you receive such emails, please DO NOT transfer any funds, and report the email to webmaster@mas.gov.sg. In line with MOH's announcement and MOM's requirements, FIs that re-open more branches and customer service locations, and resume more in-person financial services from 2359hrs on 18 June 20, must ensure that Safe Management measures are in place Read more Media reports suggesting large flows of deposits from Hong Kong to Singapore were incorrect. While foreign currency deposits in Singapore have grown substantially this year, the order of magnitude is much less than cited in some reports. Read More MAS, ABS & FHAS have announced a second package of measures to support individuals facing financial difficulties due to COVID-19. This second package will extend the scope of relief for individuals to other types of loan commitments. read more MAS urges individuals and businesses to use digital financial services and e-payments, and minimise visits to the premises of financial institutions. This will contribute to the effectiveness of the elevated safe distancing measures announced by MOH. read more MAS, SFA and AMTD launched a S$6 million FinTech Solidarity Grant to support Singapore-based FinTech firms in view of COVID-19 pandemic. The Grant will help FinTech firms maintain their operations, and enable them to continue to innovate and grow. Read more MOF, IRAS, ESG and MAS announced measures to support landlords that may face cash flow constraints as a result of providing relief to tenants. Read More MAS' Response to Covid-19Learn about MAS' actions to support the Singapore economy and ensure the stability of our financial system amid the COVID-19 pandemic.Read more In line with MOH s announcement on 15 June 2020 and MOM s requirements for safe management measures, financial institutions in Singapore that re-open more branches and customer service locations, and resume more in-person financial services from 2359 hours on 18 June 2020, must ensure that Safe Management measures are in place. The Asian Monetary Policy Forum takes place for the seventh year on 12 June 2020. The Forum will focus on the COVID-19 global pandemic, as well as the role of global safe assets in promoting macroeconomic and financial stability. Due to the COVID-19 outbreak, the Forum will be hosted online. Distinguished speakers from the International Monetary Fund (IMF), Peterson Institute for International Economics (PIIE) and Princeton University will share their views and insights via pre-recorded video presentations. In his podcast with the Institute of International Finance, Mr Ravi Menon, Managing Director, MAS, spoke on the risks arising from and policy responses to the COVID-19 pandemic. Proposed revisions to streamline the exemption framework which allows foreign related corporations of financial institutions in Singapore to provide cross-border services to customers in Singapore without having to hold a licence. This consultation sets out MAS proposed regulatory approach under the Securities and Futures Act for derivatives contracts that reference payment tokens (e.g. Bitcoin) as underlying assets. This study by Ivan Png and Charmaine Tan was published as Special Feature C in the April 2020 Macroeconomic Review. MAS releases regular policy statements, publications and statistics on a monthly, quarterly and semi-annual basis.View Advance Release CalendarFinancial Institutions Directory The directory provides a list of financial institutions regulated by MAS and the regulated activities they are authorised to provide.Register of Representatives The register provides a list of individuals who conduct activities regulated by MAS.Investor Alert List The list includes persons unregulated by MAS who may have been wrongly perceived as being licensed or authorised by MAS.Enforcement Actions The list of formal regulatory and enforcement actions taken by MAS for breaches of laws and regulations administered by MAS. Subscribe to Updates Get notified whenever news and updates are posted on this website.

TAGS:Authority Monetary Singapore 

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