23 Mar '11, 8am

MAS proposes regulation of credit rating agencies

SINGAPORE: The Monetary Authority of Singapore (MAS) has released a consultation paper on proposed regulation of credit rating agencies - a move to ensure that Singapore remains an attractive location for rating agencies to operate in. It says the proposal to regulate activities of rating agencies is in line with global developments and to conform to international standards and practices. The proposed regulations will require the agencies to be licensed under the Capital Markets Services licensing regime, which comes under the Securities and Futures Act, and be subject to licensing obligations. The proposed regulatory regime will include a Code of Conduct for rating agencies, based largely on the Code of Conduct Fundamentals for Credit Rating Agencies, issued by the International Organisation of Securities Commissions. That aims to promote the quality and integrity of the ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

Tweets

More than $8.8 million in cash donations have come in from Singapore so far, aid agencies said

More than $8.8 million in cash donations have c...

straitstimes.com 24 Mar '11, 2am

Mrs Michiyo Lim (left), and Mrs Kyoko Kakehi (right), man the telephones as volunteers at the Red Cross Society at Penang ...

Free Skype credit vouchers for those in Japan

todayonline.com 21 Mar '11, 6am

TO HELP those in disaster-struck Japan stay in touch with their friends and family, Skype is giving out a free ¥80 (about ...