MAS: Annual report 2006 / 2007
	CONTENTS HOME   ENTERPRISE: Our Role BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT DEVELOPMENTS IN THE SINGAPORE SECURITIES MARKET FOSTERING A SOUND & REPUTABLE FINANCIAL CENTRE RISK MANAGEMENT & INFRASTRUCTURE GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE CURRENCY ORGANISATIONAL INITIATIVES		ORGANISATIONAL INITIATIVES 41 Risk-based Audit Approach 41 Front, Middle and Back Office System 41 Development of Key IT Systems to Support Organisational Initiatives 41 Streamlining of Logistics and Administrative Processes 41 Maintaining an Optimal Physical Working Environment for All 41 Ensuring the Efficient Use of Energy Resources 41 Box 10 - Second Phase of Amendments to MAS Act 41   Streamlining of Logistics and Administrative Processes MAS consistently reviews and streamlines our administrative and procurement processes to ensure more efficient operations and support services. In our efforts to ensure fiscal prudence and value-for-money in public expenditure, we conducted an organisational-wide review of its off-site storage facilities in 2006. The review resulted in a cost savings of 52%.