It appears that the sudden implementation of the car loans restrictions was too hard for the industry to swallow and MAS has to give some concessions now. As a result of the appeal by used car dealers, MAS has decided to lift the loan restrictions on car loans for a period of 60 days for […]
Yesterday, MAS released a consultation paper on the recommendations of the Financial Advisory Industry Review (FAIR). The consultation paper seeks feedback on all the recommendations made by the FAIR Panel as well as some additional recommendations from MAS. The FAIR Panel concluded its review of the financial advisory (FA) industry late last year and released […]
A few days ago, the Monetary Authority of Singapore (MAS) released a consultation paper on proposed changes to credit card and unsecured credit rules. The changes are aimed at improving financial institutions’ lending and disclosure practices, empowering individuals to make better borrowing decisions, and helping individuals who are at risk of credit problems avoid getting […]
The December 2012 Survey was sent out by MAS on 16 November 2012 to a total of 26 economists and analysts who closely monitor the Singapore economy. This report reflects the views received from 21 respondents (a response rate of 81%) and does not represent MAS’ views or forecasts. GDP growth in Q3 2012 was much weaker than […]
A couple of questions were asked in parliament regarding the MAS Investor Alert List: Whether MAS can take more pro-active measures to enhance consumer awareness of the Investor Alert List (IAL), hence giving consumers the necessary protection in assessing the credibility of gold investment buy-back schemes? How many investors are affected by the investigation into […]