ROBUST, TRUSTED, DYNAMIC AND
PURPOSEFUL FINANCIAL CENTRE
- A DYNAMIC AND PURPOSEFUL FINANCIAL CENTRE
- Financial Sector Growth Remains Resilient
- Strengthening Capital Markets and Increasing Product Diversity
- Enhancing the RMB Ecosystem
- Strengthening Infrastructure Financing
- Harnessing Technology and Innovation
- Box 2: Formation of the FinTech & Innovation Group
- Developing Globally Competitive Talent
- Box 3: Unlocking Long Term Financing for Infrastructure
- Box 4: Formation of the Financial Sector Tripartite Committee
A DYNAMIC AND PURPOSEFUL FINANCIAL CENTRE
DEVELOPING GLOBALLY COMPETITIVE TALENT
MAS has embarked on several initiatives to develop a strong pool of future-ready talent under the SkillsFuture framework for the financial sector.
First, to build a pipeline of job-ready graduates, we are strengthening the linkages with tertiary institutions to enhance the relevance of curriculum and create greater internship opportunities. We will be piloting an Earn and Learn Programme in the area of retail banking to provide polytechnic graduates an opportunity to learn the ropes within key retail banks and at the same time gain recognised qualifications.
Second, we have also put in place initiatives to deepen skills and increase the versatility of our financial sector workforce. To build a deeply skilled workforce, we have launched the Financial Sector Study Awards to support a wider range of specialist skills and programmes. In February 2016, we announced the formation of the Financial Sector Tripartite Committee (FSTC), bringing together the industry associations, labour movement and government to help the financial workforce address the changing needs of the industry (see Box 4). The FSTC has also set up the Financial Industry Career Advisory Centre (FiCAC) to facilitate intra and cross-sector mobility.
Third, we continue our efforts to build a strong pipeline of Singaporean leaders in finance. In May 2015, the Asian Financial Leaders Programme was launched by the Singapore Management University (SMU) and Temasek Management Services. The Programme will equip finance professionals aspiring to take on C-suite roles in Asian financial institutions with the knowledge to navigate the diverse business, regulatory, and legal environment in the region. The National University of Singapore (NUS) had also launched its Asia Leaders in Financial Institutions programme in September 2015 to contribute towards building a strong network of future financial leaders with global perspective for Asia.