with the move towards a risk-based regulatory regime,
we implemented a new web-based Capital Markets
Supervisory System to assist in the supervision
of capital markets intermediaries. The one-stop
information portal allows comprehensive access
to key financial statistics and risk ratings, as
well as electronic supervisory plans that map out
the supervisory scope for capital market firms.
The launch of MAS’ next generation real-time
gross settlement system, MAS Electronic Payment
System (MEPS+), has been shifted to the fourth
quarter of 2006. This is to allow the system to
be properly tested under various stress scenarios.