Singapore
Retreating to the sanctuary of gold
FEATURE - 'Gold is back,' declared a leading news agency this week in an analysis into why the yellow metal has pushed resolutely back above US$300 an ounce for the first time in two years, and why investor interest is at its highest in almost 20 years.
Speech by Ravi Menon of the MAS, 5 March
SPEECH - Menon said in the speech titled 'The Five "C"s in Banking: Emerging Issues and Policy Responses' that Singapore banks should switch auditors every five years to prevent potential conflicts of interest. "The new rule is necessary to cement…
Singapore, Hong Kong sign agreement on regulation
SINGAPORE - The Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MOU) Friday with the Office of the Commissioner of Insurance of Hong Kong (OCI) for cooperation in regulation of the insurance industry.
Speech by Hauw Soo Hoon of the MAS, 5 March
SPEECH - The message from Hoon in her keynote address 'New Chapter, Same Mission' was that the writing is on the wall for insurance firms: Unethical behaviour from their sales force will be met by a tougher stance and could translate into penalties.
Speech by Koh Yong Guan, MD of the MAS
SPEECH - Koh Yong Guan said in the speech that the central bank is issuing an industry consultative paper on "credit portfolio stress testing," and the feedback from this will be used to formulate the guidelines. "Financial institutions in Singapore can…
Speech by Senior Minister from Singapore gov't
SPEECH - In the speech titled 'Disclosure and corporate governance - Challenges in Moving Ahead' Shanmugaratnam said "We have made good progress in the four years since we embarked on a shift towards disclosure-based regulation. Our listed companies have…
Singapore's MAS to issue currency notes, coins
SINGAPORE - The Monetary Authority of Singapore (MAS) will expand its responsibilities to include the issuance of currency notes and coins from March next year, officials said Wednesday.
Singapore finalising licences for foreign banks
MALAYSIA - Singapore will announce the winners of the Qualifying Full Bank (QFB) and wholesale bank licences in the next few weeks, in a further move to open the domestic financial sector to foreign players, according to a report.
Top Singapore civil brass in reshuffle
SINGAPORE - The chiefs of Singapore's central bank and trade ministry announced their resignation yesterday, paving the way for their likely entry into politics.
Koh Yong Guan to be new MAS managing director
SINGAPORE - Mr Koh Yong Guan, Permanent Secretary for National Development Ministry, will take over from Mr Tharman Shanmugaratnam as the managing director of the Monetary Authority of Singapore from Monday.
Singapore MAS to review bank ATM rule in 2-3 years
SINGAPORE - The Monetary Authority of Singapore said Wednesday it will review the restriction on foreign banks' access to local banks' automated teller machine network in two to three years.
Singapore MAS widen policy band for FX flexibility
SINGAPORE - The Monetary Authority of Singapore said Wednesday 10 October it has decided to widen its policy band to allow a greater flexibility in managing the exchange rate, as it expects more volatility in financial markets.
Unattended bag sparks bomb scare at MAS Building
SINGAPORE - It was not business as usual down at the MAS Building in Shenton Way after an apparent bomb scare led to parts of the building being cordoned off.
Singapore sets new liquidity levels for banks
SINGAPORE - The Monetary Authority of Singapore (MAS) today, 27 July, moved to introduce a new risk-based liquidity supervision system for banks, which will increase their flexibility to manage funds but may not immediately boost profits, analysts said.
30th Anniversary of MAS - prime minister speech
SPEECH - Prime Minister of Singapore, Goh Chok Tong at the Monetary Authority of Singapore's (MAS) 30th Anniversary Dinner, 20 July.
MAS speech - Credibility, Confidence, Dynamism
SPEECH - Keynote Address by DPM Lee Hsien Loong, Chairman MAS, at MAS 30th Anniversary Conference, 20 July.
Singapore risk management
ARTICLE - G10 central bank study says that consolidation has heightened possibility of systemic risk. Central banks of G10 countries recently released a joint study on the impact of consolidation on financial risk, payment systems and monetary policy,…
Singapore MAS to hold 30th anniversary conference
SINGAPORE - The Monetary Authority of Singapore (MAS) will host a central bankers' conference tomorrow, 20 July to mark its 30th anniversary, the central bank said in a statement on Wednesday 18 July.
Singapore MAS shifts policy statement to 12 July
SINGAPORE - The Monetary Authority of Singapore (MAS) said it is postponing the release of its annual report and a widely anticipated monetary policy statement by a day to Thursday, 12 July.
Asia and the IMF
SPEECH - Stanley Fischer, First Deputy Managing Director at the International Monetary Fund spoke about Asia's relationship with the IMF at the Institute of Policy Studies, Singapore on 1 June.
Duisenberg speech on central bank responsibilities
SPEECH - Wim Duisenberg, President of the European Central Bank, gave a speech at the Central Bankers' Panel at the International Monetary Conference, Singapore on 4 June. The speech was titled What exactly is the responsibility of central banks of large…
Asian common currency idea given cautious welcome
SINGAPORE - Asia's economies will have to integrate further before they start thinking about creating their own monetary union, Tharman Shanmugaratnam, the managing director of the Monetary Authority of Singapore, said on 4 June.
International Monetary Conference speech
SPEECH - Deputy Prime Minister Lee Hsien Loong has given the luncheon address at the International Monetary Conference, Singapore on 4 June. It was titled Financial Centres Today and Tomorrow: A Singapore Perspective.
Stable Europe important to growth - Duisenberg
SINGAPORE - European Central Bank (ECB) President Wim Duisenberg told delegates at the International Monetary Conference in Singapore on 4 June that economic stability in the euro zone was the best contribution Europe could make to world growth.