ANNUAL REPORT 2002 / 2003
INFORMATION TECHNOLOGY DEPARTMENT
Era of Easy Access to E-services
move towards the disclosure-based regime took a big step forward in July 2002
with the launch of OPERA, the Offers and Prospectuses Electronic Repository and
Access system. OPERA gives the public easy access via the internet to
prospectuses and offers of investments lodged to MAS as well as a feedback
online Minimum Liquid Assets (MLA) returns system was set up for banks. Under
the risk-based Liquidity Supervision Framework, banks with stronger liquidity
risk management have lower MLA requirements. The new system gives banks a
convenient and secure channel to submit MLA.
MAS website was revamped to improve usability and accessibility. Content was
reorganised and navigation flow improved. An enhanced integrated search engine
gives the public easy access to information on the MAS, OPERA and Singapore
Government Securities websites.
link is being built from the MAS Electronic Payment System (MEPS) to the
Continuous Linked Settlement System (CLS) to prepare for the inclusion of the
Singapore Dollar as a CLS settlement currency. This link will greatly reduce the
settlement risk for foreign exchange transactions involving the Singapore
Dollar. Work has also begun on the next generation of the Real-Time Gross
Settlement system. Based on SWIFT standards, this system will enable the
industry to meet new commercial and regulatory challenges.
the merger of BCCS with MAS, IT systems and network infrastructures were
smoothly integrated. A high-speed link gives staff at Currency House access to
all IT facilities at MAS Building. A knowledge management portal is being built
to improve operational effectiveness and efficiency, and to create a culture of
shared purpose and team collaboration. A group of pilot users are testing the
system, which will include a strong search engine that provides the ability to
quickly find relevant information and knowledge assets.
|Strategic Planning Office||Currency Department||Human Resources Department||Corporate Services Department|
|Finance Department||Information Technology Department||Internal Audit Department||Partnering the International Financial Community|
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