As MAS expands its investment universe
to include newer and more sophisticated products, a new integrated
front, middle and back office system is being implemented for
reserves and monetary management operations. The new system
will bring about stronger and more timely management of investment
and operational risks, improve data integrity and accuracy,
and allow for more efficient processing and faster reportgeneration.
We embarked on the development of the next generation MAS Electronic
Payment System Plus which will enable the industry to meet new
commercial and regulatory challenges. MAS also continued to
improve and develop internal IT systems to support risk-based
supervision, surveillance and regulation of financial institutions.
Enhancing Risk-focused Supervisory Approach
Box 1 Fostering a Sound and Progressive
Financial Services Sector