IBF to help financial industry professionals with career advice and job placement LeapRate

January 31, 2018 BY Valentina Kirilova

IBF to help financial industry professionals with career advice and job placement

The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) today announced that IBF will expand its mandate to provide career advisory and job placement services for the financial sector. IBF will set up a dedicated Career Centre providing advisory services for professionals in the financial industry. The Centre, targeted to…

January 29, 2018 BY Valentina Kirilova

MAS announces oversubscription of Singapore Savings Bonds

The Monetary Authority of Singapore (MAS) announced today that the Singapore Savings Bond (SSB) which was opened for application in January 2018 (SBFeb18) was oversubscribed. More than 6,300 investors submitted applications totalling approximately S$172 million, exceeding the issuance size of S$150 million. As a result of the oversubscription, some investors will not receive the full…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

January 24, 2018 BY Valentina Kirilova

MAS issues prohibition orders against a former representative of AIA Singapore Private Ltd

The Monetary Authority of Singapore (MAS) has issued prohibition orders against Mr Tan Peng Khoon. Mr Tan will be prohibited for a period of 8 years from: carrying on business and taking part in the management of any insurance intermediary under the Insurance Act; and providing any financial advisory service, and taking part in the…

December 21, 2017 BY Valentina Kirilova

MAS issues prohibition orders against individual for unauthorised trading and fraud

The Monetary Authority of Singapore (MAS) has issued two prohibition orders against Mr Tey Thean Yang Dennis. Mr Tey will be prohibited for a period of 5 years from: performing any regulated activity, and taking part in the management, acting as a director or becoming a substantial shareholder of any capital market services firm under…

December 19, 2017 BY Valentina Kirilova

MAS issues prohibition orders against former directors of BSI Bank and NRA Capital Pte Ltd

The Monetary Authority of Singapore (MAS) announced today that it has issued a lifetime Prohibition Order (PO) against Mr Yeo Jiawei and a 3-year PO against Mr Kevin Scully. Both POs take effect from 18 December 2017. MAS had earlier served notices of intention to issue POs against Mr Yeo and Mr Scully in October…

December 19, 2017 BY Valentina Kirilova

MAS cautions against investments in cryptocurrencies

The Monetary Authority of Singapore (MAS) advised the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies. MAS is concerned that members of the public may be attracted to invest in cryptocurrencies, such as Bitcoin, due to the recent escalation in their prices.…

December 15, 2017 BY Valentina Kirilova

Monetary Authority of Singapore helps individuals manage unsecured debts

The Monetary Authority of Singapore (MAS) announced today a new measure to help borrowers avoid accumulating excessive unsecured debts. The Credit Limit Management Measure will cap the additional unsecured credit that a financial institution (FI) may extend to a borrower whose outstanding unsecured debts exceed six times his monthly income. This measure will take effect…

December 01, 2017 BY Valentina Kirilova

MAS to strengthen the process of determining SGS and MAS Bills closing prices

The Monetary Authority of Singapore (MAS) today published a consultation paper proposing a framework to strengthen the process of determining Singapore Government Securities (SGS) and MAS Bills end-of-day prices (Closing Prices). This is in line with MAS’ broader efforts to enhance the integrity of the processes for setting financial benchmarks. As of end October 2017,…

November 30, 2017 BY Valentina Kirilova

MAS fines individual for insider trading in CSE Global Limited shares

The Monetary Authority of Singapore (MAS) announced that it has taken civil penalty action against Mr Tarek Abdel Tawab Mohamed Abdel Bary (Tarek Bary) for insider trading in the shares of CSE Global Limited (CSE Global). Tarek Bary has admitted to contravening section 218(2)(a) of the SFA, and will pay MAS a civil penalty of…

November 14, 2017 BY Valentina Kirilova

MAS and MIT Media Lab to unlock advanced technologies for financial industry

The Monetary Authority of Singapore (MAS) today announced it has joined the Massachusetts Institute of Technology (MIT) Media Lab in Cambridge, Massachusetts. This collaboration will also help to strengthen Singapore’s talent pool in the FinTech industry, by providing Singapore-based industry professionals and researchers with opportunities to work alongside MIT researchers. Financial institutions and FinTech players…

Tag: Monetary Authority of Singapore

MAS announces oversubscription of Singapore Savings Bonds

MAS issues prohibition orders against a former representative of AIA Singapore Private Ltd

MAS issues prohibition orders against individual for unauthorised trading and fraud

MAS issues prohibition orders against former directors of BSI Bank and NRA Capital Pte Ltd

MAS cautions against investments in cryptocurrencies

Monetary Authority of Singapore helps individuals manage unsecured debts

MAS to strengthen the process of determining SGS and MAS Bills closing prices

MAS fines individual for insider trading in CSE Global Limited shares

MAS and MIT Media Lab to unlock advanced technologies for financial industry

Coca-Cola To Offer IPO For African Bottling Division

Getir Exits Europe And US To Concentrate On Local Market

Tesla’s Stock Surges After China’s Thumbs-Up For Driver-Assistance Technology

AUD Looks To End April On A Positive Note

Exxon Mobil Price Drops As Refining Costs Increase