Consultation Paper on Review of the Deposit Insurance Scheme in Singapore
Felix Shipkevich - February 25, 2010The consultation paper proposes to expand the scope of coverage under the DI Scheme, beyond the deposits of individuals and charities, to other non-bank depositors such as sole proprietorships, partnerships, companies and unincorporated entities.
Government measures to ensure a stable property market
Felix Shipkevich - February 19, 2010While the current level of speculative activity in the market is still lower than what it was at the height of the property market boom, and overall price levels are below the previous peak, there is a risk that the market could overheat in the next few months, fuelled by low global interest rates and positive sentiments associated with the economic recovery.
MAS will lift the ban on the sale of structured notes for DBS Bank Ltd
Felix Shipkevich - February 11, 2010MAS will lift the ban on the sale of structured notes for DBS Bank Ltd, Malayan Banking Berhad Singapore Branch and the Royal Bank of Scotland N.V. Singapore Branch with effect from 12 February 2010.
Singapore’s policy on Dark Pools
Felix Shipkevich - January 12, 2010To ask the Senior Minister with the emergence of dark pools which allow trading of stocks to occur away from public eyes and off central exchanges (a) how will the Ministry deal with the regulatory issues that these dark pools are likely to throw up; and (b) how will the Ministry address issues such as insider trading if investors are allowed to trade anonymously.
Minister for Trade and Industry speaks about Singapore’s regulatory philosophy
Felix Shipkevich - January 11, 2010To ask the Senior Minister in view of the past year’s global financial crisis (a) whether the level of Government regulation of our financial market will increase; and (b) whether the Government’s regulatory philosophy of the market has shifted due to the lessons gleaned from the crisis and, if so, (i) how has it shifted and (ii) what have been the lessons gleaned.
Establishment of the Chiang Mai Initiative Multilateralization
Felix Shipkevich - December 28, 2009The Finance Ministers and Central Bank Governors of the ASEAN Members States, China, Japan and Korea (ASEAN+3) and the Monetary Authority of Hong Kong, China, announced the signing of the Chiang Mai Initiative Multilateralization (CMIM) Agreement following the conclusion on all the main components of the CMIM at the ASEAN+3 Finance Ministers’ Meeting (AFMM+3) in May 2009 in Bali, Indonesia
MAS signs MoU with Central Bank of Bahrain
Felix Shipkevich - December 7, 2009The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MOU) on the sidelines of the 16th World Islamic Banking Conference (WIBC) in Bahrain.
2 The MOU provides a formal basis for supervisory cooperation and mutual support between CBB and MAS. It paves the way for sharing of [...]
Keynote Address at the 2009 Asian Investors’ Corporate Governance Conference
Felix Shipkevich - November 19, 2009Keynote Address by Mr. Heng Swee Keat, Managing Director, Monetary Authority of Singapore at the 2009 Asian Investors’ Corporate Governance Conference
Introduction
1. Good morning. I am very happy to join you today at this inaugural Asian Investors’ Corporate Governance Conference. Thank you for inviting me to speak at this event.
2. I congratulate SIAS and your partners [...]
Requirement for REITS AGM
Felix Shipkevich - November 11, 2009The Monetary Authority of Singapore has issued the revised Property Funds Appendix within the Code of Collective Investment Schemes. Under the revised Appendix, REITs will be required to hold Annual General Meetings (AGMs) once every calendar year and not more than 15 months from the last preceding AGM, with effect from 1 January 2010. MAS [...]
Biannual Macroeconomic Review
Felix Shipkevich - October 29, 2009MAS Economic Policy Department released its biannual Macroeconomic Review. Highlight from the review are below:
After experiencing its deepest recession since independence, the Singapore economy registered two quarters of double-digit sequential expansion and appears to be in its recovery phase. This was driven, in part, by the easing of global financial conditions and a reversal of [...]
