Showing 3434 Documents for "securities"
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- PDPC
- Public Consultations
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- Further, it is also unclear why the PDPC has excluded EPG applications relating to compliance with the protection obligation under the PDPA.13 Although professional data protection and IT security service providers are able to assess and implement security arrangements, whether such security arrangements
- He advises companies and government bodies on both contentious and non-contentious matters, including cyber security issues, data protection, intellectual property, telecommunications and media regulations, competition, FinTech, artificial intelligence, payments and financial regulations.
- MAS
- Speeches
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- To differentiate yourselves through innovation, we would strongly encourage the industry to continue to conduct Asian-focused retirement security research in collaboration with research institutes in Singapore, such as the SMU Centre for Silver Security and EDHEC Risk Institute-Asia.
- The SMU Centre for Silver Security for instance, is conducting applied research on financial products and markets for the silver industry, which would allow insurers to develop and commercialise products for the at-retirement market. Conclusion 28 Let me conclude.
- Insurers can play a pivotal role in financing individuals’ retirement security through pension, annuity and saving products, complementing public pensions. 23 Insurers in Asia stand to benefit from robust premium growth on the one hand; but will also be subject to greater volatility from fluctuations
- MAS
- Speeches
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- FAST allows fast and secure payments for both consumers and businesses.
- Fourth, in helping people to plan early and achieve financial security in their later years . Singapore has recently come up top in the world for life expectancy.
- MAS embarked in 1999 on a major programme to open up and liberalise Singapore’s financial sector across the board, in banking, our securities markets and in insurance. 5. We did so to ensure we remained a competitive and growing centre for finance in Asia and globally.
- MAS
- Speeches
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- We have certainly come some way, and the presence of so many participants here today to discuss this topic is testament to that. 5 While Government securities have grown well, there is much to be done in the corporate bond markets.
- In the US and UK for example, private debt securities are 3 times that of bank lending. In Asia, the ratio is reversed. In other words, an Asian corporate is 3 times as likely to go to a bank as to the capital market for financing. Why is this so?
- For example, in April this year, the first bond secured with SME loans was issued here. At the other end of the spectrum, very large infrastructure projects can also be securitized in bonds, much like real estate is securitized through CMBS. 13 Third, Asian markets can and must work together.
- MAS
- Parliamentary Replies
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- FINRA regulation deals with a wide range of issues - from registering and educating all industry participants to examining securities firms; writing and enforcing rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities
- . * * * [1] FINRA is the independent regulator for securities firms doing business in the US. FINRA was created in 2007 through the consolidation of NASD and NYSE Member Regulation.
- MAS
- Consultations
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- In drafting Regulation 16C, MAS has drawn reference from the safeguarding requirements under Section 23 of the PS Act, Regulation 16 of the PS Regs, and similar provisions under the Securities and Futures Act 2001 and the Securities and Futures (Licensing and Conduct of Business) Regulations
- arrangements: Regulation 16C(3)(j) provides that the licensed DPTSP must, in a manner that is commensurate with the nature, scale and complexity of its business, maintain adequate systems, processes, controls, human resources, and governance arrangements to: (a) ensure the integrity and security
- to fraud or negligence on the part of the licensee or any of the licensees agents; (k) must assess and ensure that the safeguarding institution maintains adequate systems, processes, controls, human resources, and governance arrangements to: ensure the integrity and security
- MAS
- Speeches
Last revised date:
- Banks and finance companies have also been providing repayment relief to SMEs for their secured loans. More than 5,300 SMEs’ secured loans now enjoy repayment deferments. Beyond the relief package, banks have allowed some of their SME customers to defer repayment on their unsecured loans as well.
- reminding staff working from home to observe cyber security; and advising customers of safeguards that they should take to protect themselves against phishing attacks and online scams.
- PayNow has enabled individuals and businesses to make e-payments and receive government disbursements such as Care and Support payouts swiftly, securely, and conveniently. Electronic payments have taken off spectacularly during the COVID-19 crisis.
- MAS
- Consultations
Last revised date:
Consultation Paper on Amendments to the Insurance Act and the Insurance (Intermediaries) Regulations- These are aligned with the Trust Companies Act 2005 (TCA), Financial Advisers Act 2001 (FAA) and Securities and Futures Act 2001 (SFA).
- The appeal may be made to the Minister in writing, in accordance with Part 3B of the IA. 6 Section 35 of the FAA and section 199 of the SFA Monetary Authority of Singapore 21 -------- CONSULTATION PAPER ON AMENDMENTS TO THE INSURANCE ACT AND THE INSURANCE (INTERMEDIARIES) REGULATIONS
- and executive officers under section 35(10) of the IA to include the following: (a) whether the individual has wilfully contravened or wilfully caused the licensed insurer to contravene any provision of the IA; (b) whether the individual has, without reasonable excuse, failed to secure
- MAS
- Speeches
Last revised date:
- The new department will be responsible for not just AML/CFT offences but all other breaches of regulations and rules administered by MAS, including market conduct offences under the Securities and Futures Act.
- In 2016, about 100 such awards and scholarships were offered.They were given to individuals to pursue specialist courses in risk and compliance, data analytics, cyber security, investment management and corporate banking. CONCLUSION Let me wrap up.
- AML/CFT is like cyber security. Those who seek to abuse our financial system are getting smarter and more sophisticated. That cannot be a reason for failing to detect and deter them. As the threat grows, so must the effectiveness of our risk management.
- MAS
- Media Releases
Last revised date:
- SMEs in Tier 1 and 2 sectors that are currently participating in the ESS-S may opt to defer 80% of principal payments on their secured loans granted by banks or finance companies, as well as loans granted under Enterprise Singapore’s (ESG) Enhanced Working Capital Loan Scheme and Temporary Bridging Loan
- loans (all fully secured term loans and hire purchase loans, regardless of type of collateral, taking into account the lenders internal haircuts) Loans under Enterprise Singapores Temporary Bridging Loan Programme and Enhanced Enterprise Financing Scheme SME Working Capital Loan
- Secured Loans ESG Temporary Bridging Loan / Enhanced Working Capital Loan If you require bespoke assistance 2 3 Engage your lender(s) directly to consider bilateral restructuring options If you need your lenders to work together Consider tapping on Multi-Lender Restructuring Schemes Choose