Ms He Ting Ru asked the Prime Minister (a) what are MAS’ requirements as to the prudential treatment of Singapore banks’ crypto asset exposure; and (b) what are the risk-weighting requirements applicable to crypto asset exposures in assessing Singapore banks’ capital adequacy. Mr Tharman Shanmugaratnam (for the Prime Minister): Singapore-incorporated banks’ exposures to crypto assets are insignificant, contributingContinue reading “TREATMENT OF SINGAPORE BANKS’ CRYPTO ASSET EXPOSURE AND CAPITAL ADEQUACY”
Category Archives: Prime Minister’s Office
DIGITAL SINGAPORE DOLLAR AS GENUINE ELECTRONIC CURRENCY
Assoc Prof Jamus Jerome Lim asked the Prime Minister with regard to the proposed trial of a digital Singapore dollar (DSGD) for Government payouts and vouchers (a) whether the proposed restrictions on fungibility and bearer value will undermine the objective of understanding how the DSGD would operate as a genuine electronic currency; and (b) if so, howContinue reading “DIGITAL SINGAPORE DOLLAR AS GENUINE ELECTRONIC CURRENCY”
MONETARY POLICY AND TARGETED MEASURES TO REIN IN FOOD AND ACCOMMODATION PRICES
Assoc Prof Jamus Jerome Lim (Sengkang): I thank the Minister of State. Since I was mentioned, I thought it would be useful to clarify with a follow-up question. Does MAS actually believe that its targeting of the exchange rate, which I understand, indeed, is the MAS intermediate target – I teach that in my classes –Continue reading “MONETARY POLICY AND TARGETED MEASURES TO REIN IN FOOD AND ACCOMMODATION PRICES”
EFFECT OF LONG WAITING TIMES FOR BTO FLATS ON COUPLES’ PLANS TO HAVE CHILDREN
Ms He Ting Ru asked the Prime Minister (a) whether the Government will conduct studies to quantify the effect that access to housing, such as the length of waiting times for HDB’s BTO flats, has on Singaporean couples’ plans and aspirations to have children; (b) what effect have the delays to BTO project completions caused by COVID-19Continue reading “EFFECT OF LONG WAITING TIMES FOR BTO FLATS ON COUPLES’ PLANS TO HAVE CHILDREN”
PRIMARY INHIBITIONS PRECLUDING LOCAL BANKS OFFERING LONGER FIXED-RATE MORTGAGE LOANS
Assoc Prof Jamus Jerome Lim asked the Prime Minister whether the Government has (i) engaged local banks to understand what the primary inhibitions are that preclude longer fixed rate mortgage loans from being offered and (ii) conducted any studies on whether the absence of a separate, Government-backed home mortgage company has inhibited local banks from offeringContinue reading “PRIMARY INHIBITIONS PRECLUDING LOCAL BANKS OFFERING LONGER FIXED-RATE MORTGAGE LOANS”
SETTING TOTAL DEBT SERVICING RATIO MEDIUM-TERM INTEREST RATE FLOOR AT 4% PER ANNUM
Mr Chua Kheng Wee Louis asked the Prime Minister (a) what is the basis for setting the new Total Debt Servicing Ratio medium-term interest rate floor at 4% per annum; (b) how does the rate compare to historical mortgage rates in Singapore; and (c) whether MAS expects the “thereafter interest rate” to exceed the 4% per annumContinue reading “SETTING TOTAL DEBT SERVICING RATIO MEDIUM-TERM INTEREST RATE FLOOR AT 4% PER ANNUM”
BORROWERS ON FIXED AND FLOATING RATE MORTGAGES FOR HDB AND PRIVATE RESIDENTIAL PROPERTIES
Mr Chua Kheng Wee Louis asked the Prime Minister of the current outstanding mortgage loans financed by commercial banks, what is the percentage of borrowers who are on fixed rate mortgages and floating rate mortgages for (i) HDB flats and (ii) private residential properties respectively. Mr Tharman Shanmugaratnam (for the Prime Minister): Based on latest available data, asContinue reading “BORROWERS ON FIXED AND FLOATING RATE MORTGAGES FOR HDB AND PRIVATE RESIDENTIAL PROPERTIES”
PERCENTAGE OF PRIVATE RESIDENTIAL PROPERTIES WITH OUTSTANDING MORTGAGE LOANS
Mr Chua Kheng Wee Louis asked the Prime Minister of the current stock of private residential properties (a) what is the percentage of properties that have an outstanding mortgage loan; (b) what is the average Loan-To-Value ratio of such mortgage loans; and (c) what is the percentage of such mortgage loans that are used to financeContinue reading “PERCENTAGE OF PRIVATE RESIDENTIAL PROPERTIES WITH OUTSTANDING MORTGAGE LOANS”
PUBLICATION OF FINDINGS FROM PUBLIC CONSULTATION ON SINGAPORE’S CLIMATE AMBITION
Mr Dennis Tan Lip Fong asked the Prime Minister whether the findings of the Public Consultation on Singapore’s Climate Ambition will be published in full, prior to any formal revision of Singapore’s Long-Term Low Emissions Development Strategy and 2030 Nationally Determined Contribution, before the end of 2022. Mr Teo Chee Hean (for the Prime Minister): The Public Consultation onContinue reading “PUBLICATION OF FINDINGS FROM PUBLIC CONSULTATION ON SINGAPORE’S CLIMATE AMBITION”
REMUNERATION DISCLOSURES FOR STATUTORY BOARDS AND GOVERNMENT-LINKED FIRMS
Mr Chua Kheng Wee Louis asked the Prime Minister considering the Singapore Exchange Regulation and Corporate Governance Advisory Committee’s recommendations for remuneration disclosure of directors and CEOs to be made mandatory (a) whether the Ministry will consider mandating remuneration disclosures for Statutory Boards and Government companies such as entities listed in the Fifth Schedule of the Constitution;Continue reading “REMUNERATION DISCLOSURES FOR STATUTORY BOARDS AND GOVERNMENT-LINKED FIRMS”
Office of the Leader of the Opposition 