MAS

MAS Calls on Local Banks to Moderate FY2020…

Singapore, 29 July 2020… the Monetary Authority of Singapore (MAS) has called on locally-incorporated banks headquartered in Singapore (“Local Banks”) to cap their total dividends per share (“DPS”) for FY2020 at 60% of FY2019’s DPS,…

MAS

IBF and MAS Launch Skills Map to Enhance…

Singapore, 27 July 2020… The Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS) launched today, a skills map for family office advisors to deepen specialist skillsets in order to…

MAS

Wirecard Complies with MAS Directions to Keep Customer…

Singapore, 30 June 2020…The Monetary Authority of Singapore (MAS) said today that Wirecard entities in Singapore have complied with MAS’ directions to hold customers’ funds in segregated accounts with banks in Singapore. MAS is closely…

MAS

MAS’ Response to Queries on Fund Flows

Singapore, 7 June 2020… The Monetary Authority of Singapore (MAS) said today that media reports suggesting that there were large fund flows from Hong Kong to Singapore were incorrect. While foreign currency deposits in Singapore…

MAS Speech Regulatory Framework

CAD, MAS and ACRA Commence Joint Investigation into…

The Commercial Affairs Department (CAD) of the Singapore Police Force, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) have launched a joint investigation into Hyflux Ltd (Hyflux) and its…

MAS

SPF, IMDA and MAS Block Unregulated Overseas Online…

SINGAPORE, 28 May 2020… The Singapore Police Force (Police), the Infocomm Media Development Authority (IMDA) and the Monetary Authority of Singapore (MAS), have taken action to block the website of an unregulated trading platform, Arotrade.…