Showing 3434 Documents for "securities"
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- MAS
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- In general, Singaporeans recognise the importance of taking responsibility for their own financial security and saving early for their retirement but many have yet to translate these positive attitudes into concrete actions.
- The introduction of the Financial Advisers Act or FA Act mirrored the convergence by streamlining the regulatory framework for the distribution of investment products such as securities, futures and insurance plans across the financial sector.
- MAS
- Speeches
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- For example, we have granted investors in qualifying Sukuks the same income tax exemption as investors in conventional Qualifying Debt Securities.
- We have already seen Asian companies secure Shariah-compliant financing for developmental projects in the Middle East. For instance, Capitaland has raised such funding to build the multi-billion dollar Raffles City Bahrain.
- MAS
- Parliamentary Replies
Last revised date:
- Mr Hwang Soo Jin has agreed to oversee the complaints resolution process of the securities brokers for Pinnacle Notes series 9 and 10. The other FI is in the process of appointing an independent person to oversee the complaints handling process for these notes. 10.
- Both the Consumer Association of Singapore (CASE) and the Securities Investors Association of Singapore (SIAS) have said that they are supportive of this process and regard it as being in the best interest of investors. 3. This process established by MAS was designed to achieve three main outcomes.
- MAS
- Speeches
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- Banks can now use as collateral, Euro and Sterling cash, as well as French, German and British government securities.
- They have helped to secure for Singaporeans a low rate of inflation, preserve the purchasing power of our official foreign reserves, keep our financial sector safe and sound amidst crisis and change, and grow Singapore as a vibrant and trusted financial centre. 43 But MAS could not have done this alone
- MAS
- Speeches
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- As a result, for long periods, we witnessed pricing anomalies like TIPS with very negative real interest rates, 30-year negative swap spreads and very depressed prices even on supposed high quality asset-backed securities.
- Accordingly, MAS concluded a Memorandum of Understanding with De Nederlandsche Bank N.V., the Dutch central bank, as part of establishing a network of cross-border collateral arrangements (CBCAs) to accept well-rated foreign currencies and government debt securities as collateral to tap our Standing
- MAS
- Speeches
Last revised date:
- The banking system’s exposures to the O&G sector as a proportion of total exposures (i.e. including non-bank loans, debt securities and contingent liabilities) is less than 10%. Among the local banks, O&G exposures are even lower, at about 6%.
- MAS is stepping up enforcement action against misconduct such as insider trading, false trading and front running by individuals and traders in the securities market. We have sought criminal actions or higher civil penalties to send the right deterrent message.
- MAS
- Speeches
Last revised date:
- May I suggest that restoring a culture of trust based on strong ethical standards is imperative to securing a bright future for a purposeful financial industry.
- In the US, large banks are paying billions of dollars to settle charges against them for mis-selling mortgage-backed securities which led to massive losses for their buyers.
- MAS
- Speeches
Last revised date:
- For complex securities or in stressful environments, credit ratings can be an extremely unstable anchor. As we saw, ‘AAA’ tranches of subprime CDOs can become junk-rated in a matter of weeks.
- What started as a housing market correction quickly led to large losses for investors in mortgage-backed securities (MBS). This triggered a loss of confidence in the wider structured-credit markets, where risk premia rose sharply, and liquidity conditions worsened.
- MAS
- Speeches
Last revised date:
- This would calm the fears of policyholders with regard to the security of their policies.
- For some countries this may mean large supply shocks to hitherto stable government securities markets. 13 Another area that must not be neglected is the possibility of fraud.
- MAS
- Speeches
Last revised date:
- Securing the safety and robustness of our banking sector must be an ongoing process. 38 Thank you.
- MAS’ regulatory policy focuses on securing the safety and soundness of individual financial institutions as well as of the system as a whole. A key guiding principle of MAS’ approach to regulation is that rules must be outcome-focused and risk-appropriate.