Annual Report 2000/2001


Calendar of Monetary and Financial Events

12.04.2000
Memorandum of Understanding (MoU) signed between SGX and the Australian Stock Exchange (ASX) to enhance co-operation between the two exchanges.

28.04.2000
MoU signed between SGX and the Tokyo Stock Exchange to enhance co-operation between the two exchanges.

02.05.2000
MAS announces new measures to boost trading in the SGS market.

16.05.2000
MAS signs MoU with the Australian Securities and Investments Commission, the US Securities and Exchange Commission and Commodity Futures Trading Commission to enhance co-operation between the regulatory authorities in Singapore and Australia and US.

17.05.2000
MAS signs MoU with Bundesaufsichtsamt fur den Wertpapierhandel to enhance co-operation between the regulatory authorities in Singapore and Germany.

01.06.2000
SGX signs an agreement with the American Stock Exchange to list the US exchange's index shares or the exchange-traded funds, in the local bourse.

06.06.2000
SGX and the ASX sign an agreement to allow investors in both countries to buy and sell shares of the same company in their own currencies by July 2001.

21.06.2000
MAS announces new regulations to separate financial and non-financial activities of Singapore banks.

28.06.2000
Launch of The Straits Times Index futures contract by SGX.

01.07.2000
MAS allows more open access to securities market.

SGX-DT allows members and participants to apply to be dual members of SGX-ST and SGX-DT under a single corporate entity.

07.07.2000
MAS announces its intention to streamline the regulation of financial advisers.

19.07.2000
MAS announces its approach to the licensing, regulation and supervision of Internet banking in Singapore.

18.08.2000
Singapore and New Zealand reach preliminary agreement on a free-trade pact that will lower barriers to trade and investments between the two countries.

21.08.2000
MAS accepts the recommendations by the Committee on Efficient Distribution of Life Insurance (CEDLI)to enhance the sales advisory process, product disclosure, and the professional training requirements for intermediaries selling life insurance products.

06.09.2000
MAS issues guidelines on the capital treatment of credit derivatives.

MAS issues prudential guidelines governing the use of asset securitisation.

25.09.2000
SGX-DT launches the SGX S&P CNX Nifty Index contract, an India Stock index futures contract.

30.09.2000
MAS lower the minimum Tier 1 CAR component for Singapore-incorporated banks from 10% to 8%, while the total CAR requirement remains unchanged at 12%.

01.10.2000
Stockbroking commissions are fully liberalised.

17.11.2000
ASEAN central banks sign MoU expanding the ASEAN Swap Arrangement (ASA) from the original five ASEAN members to all ASEAN countries, and increasing the amount of the facility from US$200 million to US$1 billion.

21.11.2000
The Securities Industry Council (SIC) issues new guidelines allowing for partial takeover of a listed company.

23.11.2000
SGX stock makes its debut on the SGX-ST.

06.12.2000
MAS announces measures to further liberalise its policy on the non-internationlisation of the Singapore Dollar.

01.01.2001
MAS implements CEDLI's recommendations on needs-based sales process.

MAS issues guidelines on Securities Lending Activities for insurance companies.

16.01.201
The Basel Committee on Banking Supervision announces new banking guidelines which allow banks to keep less capital as reserves if they have a lower appetite for risk.

18.01.2001
MAS announces new framework for developing manpower excellence and details of the Financial Sector Development Fund.

27.01.2001
MAS issues a consultation paper to the public to seek comments on proposed revisions to Singapore's insider trading laws.

16.02.2001
MAS announces that it will allow fund managers to hold shares in SGX beyond the current 5% limit, but up to a cap of 10% and subject to its approval.

MAS circulates exposure draft for risk-based Capital framework for life insurance business for industry feedback.

22.02.2001
MAS issues a Monetary Policy Statement reaffirming its policy stance.

23.02.2001
The Government announces the 2001 Budget which includes tax concessions for the financial sector.

01.03.2001
MAS lifts restrictions of offshore banks dealing in the Singapore Dollar swap market with non-banks.
Banks in Singapore no longer need to set aside reserves for Singapore Dollar swap transactions that are of less than one year maturity with non-bank financial institutions and corporates.

05.03.2001
Motor Insurance Task Force issues the first report on the review of practices and conduct of motor insurance business which recommends the adoption of a tatistical risk-based pricing method for motor insurance.

21.03.2001
MAS issues public consultation papers on the Securities and Futures Act and the Financial Advisers Act.

29.03.2001
MAS issues guidelines on technology risk management of Internet banking.

01.04.2001
MAS implements CEDLI's recommendations on training and competency requirements.

09.05.2001
SIC issues a draft revised Take-over Code for public comment.

16.05.2001
Parliament passes the Banking (Amendment) Act.

25.06.2001
MAS signs MoU with the Commission des Valuers mobiliéres du Qúebec to facilitate the exchange of information and mutual assistance between the two financial market regulatory authorities.

26.06.2001
MAS signs MoU with the Financial Services Board of the Republic of South Africa to enhance co-operation between authorities of South Africa and Singapore.

29.06.2001
MAS announces the second phase of banking liberalisation programme.


 

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