Banking Act (Cap. 19): Primary legislation that regulates banking business and deposit-taking institutions in Singapore. Establishes licensing requirements and sets requirements for deposit protection.
Monetary Authority of Singapore Act (Cap. 186): Establishes regulatory framework for financial institutions and sets monetary policies affecting deposit rates in Singapore.
Deposit Insurance and Policy Owners' Protection Schemes Act: Provides deposit insurance protection up to S$75,000 and sets requirements for participating banks in Singapore's deposit insurance scheme.
MAS Notice 1014: Regulatory guideline on interest rate setting, including guidelines on deposit interest rates and disclosure requirements for financial institutions.
MAS Notice 610: Regulatory guideline on submission of statistics and returns, including reporting requirements for banks and classification of deposits.
Association of Banks in Singapore Guidelines: Industry standards and best practices for banking operations, including consumer protection guidelines in Singapore.
Singapore Contract Law: Common law principles governing formation and validity of contracts, including terms and conditions for banking agreements.
Consumer Protection (Fair Trading) Act: Legislation ensuring fair dealing provisions and protecting against unfair practices in consumer transactions, including banking services.
Personal Data Protection Act 2012: Legislation governing data privacy requirements and customer information protection in Singapore's banking sector.
