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Singapore

Speech by Koh Yong Guan, MD MAS, 2 Aug

SPEECH - In the speech Koh Yong Guan said the Board of Commissioners of Currency, Singapore (BCCS) will be merging with MAS. We are targeting to complete the merger exercise by October 2002. The merger of the two institutions is being undertaken with the…

Speech by Robert E. Rubin, MAS, 25 Jul

SPEECH - In the MAS Lecture Rubin said that the Japanese economy could experience an upturn if global conditions are reasonable but that the "enormously complicated" structural and fiscal problems Japan faces have in large measure not been effectively…

Speech by 2nd Minister for Finance, MAS, 23 Jul

SPEECH - In the speech the Minister for Health and Second Minister for Finance said the banking industry in Singapore has introduced new technologies to improve this cheque clearing process. He gives an example of this is the magnetic-ink character…

MAS issues new risk-based capital requirements

SINGAPORE - With effect from 1 October 2002, holders of Capital Markets Services (CMS) licences will be subject to new risk-based capital requirements under a subsidiary legislation of the Securities and Futures Act 2001.

Young blood for MAS' senior ranks

SINGAPORE - Nine officers at the Monetary Authority of Singapore, whose average age is 40, will move into key positions as part of organisational revamp, the Singapore Straits Times reported on Tuesday.

Asia central banks could be gold buyers

SINGAPORE - Asia's reserve-rich central banks are potential buyers of gold to diversify their reserve assets, even as European central banks cut their holdings, a senior official of the World Gold Council said on Monday.

Speech by DPM Lee Hsien Loong, Singapore, 15 July

SPEECH - In the speech titled 'Best practices in insurance regulation' Loong said that "MAS will continue to work together with the insurance industry to achieve international best practices and standards. Over the past two years, MAS has worked hard to…

Speech by Thomas Dawson of the IMF, 10 Jul

SPEECH - In the speech 'The IMF's Role in Asia: Part of the Problem or Part of the Solution?' Dawson said the regional crisis which threw formerly buoyant Asian economies into a tailspin five years ago was itself a critical acid test for the…

Use standard loan documents: MAS

SINGAPORE - The Monetary Authority of Singapore (MAS) yesterday encouraged Singapore banks to adopt standardised templates for loan documentation, saying this would benefit them and borrowers, as well as help in the growth of the loan syndication market.

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