The new skills maps serve as a resource for training providers and financial institutions to design family office-related training, and provide guidance to family offices on the skills and competencies which family office professionals should possess.

At the 4th China (Chongqing)-Singapore Connectivity Initiative (CCI) Financial Summit, Mr Ravi Menon, Managing Director, MAS, spoke about increasing the competitiveness of the CCI-International Land Sea Trade Corridor through trade digitalisation and how Singapore and Chongqing could work together to mobilise green financing and investments in a safe, sound and orderly manner.

Financial connectivity between Singapore and the Western Region of China has strengthened over the past year despite the pandemic. The China-Singapore (Chongqing) Connectivity Initiative (CCI) has helped to catalyse US$3 billion in multi-currency financing deals from the Western Region this year, amounting to over US$17 billion in cross-border deals since the CCI’s inception in 2015.

Read the annual Financial Stability Review for the analyses and results of the MAS' assessment of the Singapore's financial system in 2021

MAS is consulting on proposed amendments to the Business Trusts Act (Cap. 31A) (“BTA”). The proposed amendments mainly seek to align the BTA with the Companies (Amendment) Act 2014, the Companies (Amendment) Act 2017 and the regulatory regime for REITs, and to streamline and clarify regulatory requirements in response...

Consultation number:

P019-2021

Start date:

19 November 2021

Closing date:

27 December 2021

Status:

Open

MAS conducted thematic inspections on the residential mortgage pricing and disclosure practices of large mortgage lenders over 2020 and early 2021. The paper highlights good practices observed from the inspections, and sets out MAS’ supervisory expectations in the areas of (i) transparency; (ii) consideration of customer’s interests; and (iii) accountability and product governance over the mortgage lending business.