The 2025 Investment Day | 2025 Family Office Summits | Family Office Circle
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register
This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.
Singapore MAS Increases Deposit Insurance Coverage Per Depositor from S$75,000 to S$100,000 Starting April 2024, Increasing Depositors Coverage from 89% to 91% of Account Holders
23rd September 2023 | Hong Kong
Singapore central bank Monetary Authority of Singapore (MAS) has announced to increase the deposit insurance coverage per depositor from S$75,000 to S$100,000 starting April 2024, increasing the depositors coverage from 89% to 91% of account holders. Earlier in June 2023, Singapore MAS released a consultation paper to increase deposit insurance coverage in Singapore per depositor from S$75,000 to S$100,000, with 91% of depositors will be fully insured in new proposal which was last reviewed in 2019 with increase from S$50,000 to S$75,000. More info below:
” Singapore MAS Increases Deposit Insurance Coverage Per Depositor from S$75,000 to S$100,000 Starting April 2024, Increasing Depositors Coverage from 89% to 91% of Account Holders “
Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2025 Investment Day | 2025 Family Office Summits | Family Office Circle
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)
Hong Kong | Singapore
March / July / Sept / Oct / Nov
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place in Hong Kong and in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here
10th April & 16th Oct Hong Kong Ritz Carlton | 24th April & 6th Nov Singapore Amara Sanctuary Resort
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2025 Family Office Summit | Register here
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here
Singapore MAS Released Consultation Paper to Increase Deposit Insurance Coverage Per Depositor from S$75,000 to S$100,000, 91% of Depositors Fully Insured Which was Last Reviewed in 2019 with Increase from S$50,000 to $75,000
27th June 2023 – Singapore central bank Monetary Authority of Singapore (MAS) has released a consultation paper to increase deposit insurance coverage in Singapore per depositor from S$75,000 to S$100,000, with 91% of depositors will be fully insured in new proposal which was last reviewed in 2019 with increase from S$50,000 to S$75,000. Singapore MAS: “The Monetary Authority of Singapore (MAS) today published a public consultation paper on proposals to increase deposit insurance (DI) coverage per depositor to S$100,000, and to improve the clarity and operational efficiency of the DI Scheme. MAS is proposing to increase DI coverage from S$75,000 to S$100,000 per depositor per DI Scheme member. The proposed increase will ensure that the vast majority of smaller depositors continue to be fully covered, keeping pace with the growth in average deposit balances. The proposed change will result in 91% of depositors being fully covered by deposit insurance and will ensure that DI continues to fulfil its primary objective of protecting small depositors in the event of a bank failure. This level of DI coverage strikes the appropriate balance between achieving a high degree of coverage for depositors and managing the cost of the coverage which, if too high, will ultimately be passed on to customers … … MAS is also proposing the following changes to enhance the operational efficacy of the DI Scheme: 1) provide MAS powers to stipulate a specific time when deposit balances are taken as final, so as to enhance clarity on how DI compensation is computed; and 2) introduce a time limit for DI compensation claims, to help keep administration costs low given the diminishing likelihood of claims over time. For more details, please refer to the consultation paper here . MAS invites interested parties to submit their comments on the proposals by 31 July 2023.
Ho Hern Shin, Deputy Managing Director (Financial Supervision), MAS: “MAS’ proposals are not in response to the stresses faced by some banks abroad earlier in the year. The key to ensuring a safe and resilient banking system is through pre-emptive safeguards, meaning sound regulation and rigorous supervision by MAS, and effective governance and risk management by banks themselves. DI complements these safeguards by providing a safety net for small depositors in the event banks were to fail. The DI safety net helps to provide confidence to small depositors but is no substitute to sound risk management and effective supervision.”
Singapore MAS Released Consultation Paper to Increase Deposit Insurance Coverage Per Depositor from S$75,000 to S$100,000
27th June 2023 – The Monetary Authority of Singapore (MAS) today published a public consultation paper on proposals to increase deposit insurance (DI) coverage per depositor to S$100,000, and to improve the clarity and operational efficiency of the DI Scheme.
MAS is proposing to increase DI coverage from S$75,000 to S$100,000 per depositor per DI Scheme member. The proposed increase will ensure that the vast majority of smaller depositors continue to be fully covered, keeping pace with the growth in average deposit balances.
The proposed change will result in 91% of depositors being fully covered by deposit insurance and will ensure that DI continues to fulfil its primary objective of protecting small depositors in the event of a bank failure. This level of DI coverage strikes the appropriate balance between achieving a high degree of coverage for depositors and managing the cost of the coverage which, if too high, will ultimately be passed on to customers.
MAS is also proposing the following changes to enhance the operational efficacy of the DI Scheme:
- provide MAS powers to stipulate a specific time when deposit balances are taken as final, so as to enhance clarity on how DI compensation is computed; and
- introduce a time limit for DI compensation claims, to help keep administration costs low given the diminishing likelihood of claims over time.
For more details, please refer to the consultation paper here . MAS invites interested parties to submit their comments on the proposals by 31 July 2023.
Please refer to MAS’ response to Parliamentary Question on 8 May 2023 here .
DI Scheme members are full banks and finance companies as specified in Section 5 of the Deposit Insurance and Policy Owners’ Protection Schemes Act 2011.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at angel@caproasia.com or mail@caproasia.com
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?
The 2025 Investment Day | 2025 Family Office Summits | Family Office Circle
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM
For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success
Register Below
Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.
Sign Up / Register
Please click on desktop.
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
Contact Us
For Enquiries, Membershipmail@caproasia.com, angel@caproasia.com
For Listing, Subscription
mail@caproasia.com, claire@caproasia.com
For Press Release, send to:
press@caproasia.com
For Events & Webinars
events@caproasia.com
For Media Kit, Advertising, Sponsorships, Partnerships
angel@caproasia.com
For Research, Data, Surveys, Reports
research@caproasia.com
For General Enquiries
mail@caproasia.com
a financial information technology co.
since 2014
