- You are here:
- Home »
- MAS
Tag Archives for " MAS "
MAS Prohibition Orders
On the website of MAS, they have a page for reporting their enforcement actions. There’s a long list of enforcement actions reported on 24th August 2010. Five were against financial adviser’s representatives of DBS for giving inappropriate advice with regards to the selling of the DBS High Notes. MAS had deemed four of their performance […]
Deposit Insurance Scheme Enhancements
THE Monetary Authority of Singapore (MAS) announced on Friday that it will proceed to implement the revised deposit insurance plan following feedback from consumers and the industry. From early next year, the scope of insurance coverage will be expanded from $20,000 to $50,000 for each depositor. This will cover 91 per cent of depositors under […]
MAS Lifts Structured Notes Ban on Six Financial Institutions
The Monetary Authority of Singapore (MAS) said it will lift the ban on the sale of structured notes for CIMB Securities, DMG & Partners Securities, Kim Eng Securities, OCBC Securities, UOB Kay Hian and Phillip Securities with immediate effect. Previously, these institutions had been banned by MAS from selling structured notes for a year. MAS […]
MAS Advisory on Land Banking
MAS has (through the MoneySense program), recently published a consumer warning on land banking investments. The warning highlights the risk of investing in land banking products. It also reiterates the fact that land banking is not regulated by MAS as it involves a direct interest in real estate and not securities (such as collective investment […]
MAS Tenets of Effective Regulation
A few days ago, MAS issued a monograph “Tenets of Effective Regulation” to communicate MAS’ approach to developing effective regulation. Tenet 1: Outcome Focused Tenet 2: Shared Responsibility Tenet 3: Risk Appropriate Tenet 4: Responsive to Change and Cycles Tenet 5: Impact Sensitive Tenet 6: Clear and Consistent Very nice from a management and KPI […]