MAS: Annual report 2006 / 2007
CONTENTS
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TEAMWORK - Our Partners
SINGAPORE 2006 INTERNATIONAL MONETARY FUND AND WORLD BANK GROUP ANNUAL MEETINGS
WORKING WITH INDUSTRY
FINANCIAL COOPERATION
WORKING WITH INDUSTRY 46
Dialogues with Professional Associations 46
Singapore Investment Banking Association Equity  
  Derivatives & Structured Products Taskforce 47
Industry Work Group On Securities And  
  Futures Act / Financial Advisers Act Amendments 47
Representative Notification Framework 47
Survey On Compliance Costs 47
Box 11 - MoneySENSE - Taking On A Much Higher Profile 48
Box 12 - Sixth International Advisory Panel Meeting 49
Box 13 - MEPS+: Improving The Efficiency Of Payment  
  Systems And Its Impact On Our Customers 50
Building A World Class Talent Pool for Singapore’s Financial Sector 50
Building A Quality Workforce 51
Attracting Financial Talent 51
Financial Research 51
Box 14 - Overseas Outreach Efforts 52
 
Box 12
SIXTH INTERNATIONAL ADVISORY PANEL MEETING
Formed in November 1998, the MAS International Advisory Panel (IAP) comprises some of the world's leading financial and industry experts. The panel advises MAS on Singapore's financial sector reforms and strategies. It also gives MAS a global perspective on financial sector issues, and helps us keep abreast of market developments and policy initiatives in major international financial centres.

The IAP is chaired by Lim Hng Kiang, Minister for Trade & Industry and Deputy Chairman of MAS. The panel held its sixth meeting at the Istana in Singapore on 17 September 2006. It discussed the economic outlook for Asia, as well as the challenges and opportunities for financial institutions operating in the region.

IAP members were optimistic about Asia’s prospects for continued growth. They urged the ASEAN countries to accelerate regional trade and financial integration.

The IAP expressed confidence that Singapore was well-positioned to tap regional and global opportunities for growth, given its strong reputation for integrity and reliability, its connectivity with Asia and the rest of the world, and its cost-effectiveness for high value-added activities.

Following the meeting, IAP members called on Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew. They were also hosted to lunch by Senior Minister and MAS Chairman Goh Chok Tong.

   
IAP members calling on Prime Minist er Lee Hsien Loong.
IAP members with Senior Minister & MAS Chairman Goh Chok Tong.