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Chairman’s Message
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Board of Directors
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Management Team
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Board Committees
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Organisational Structure
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Our Work - Staying Resilient, Sustaining Growth
EMERGING FROM THE GLOBAL RECESSION
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G3 Exit the Steepest Post-war Recession
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Asia ex-Japan Leads the Global Recovery
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Financial Markets are Improving but Vulnerabilities Remain
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Rising Inflationary Pressures in Faster-growing Economies
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Singapore: A Year of Strong Recovery
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Upward Pressure on Consumer Prices and Wages
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MONETARY POLICY
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Box Story 1: Sources of Singapore’s Economic Growth
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LIQUIDITY MANAGEMENT
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Streamlining the Standing Facility
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US Dollar Swap Facility
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Box Story 2: A Central Bank’s Role in an International Financial Centre
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ENSURING SAFETY AND SOUNDNESS OF FINANCIAL INSTITUTIONS AND FINANCIAL SYSTEM
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Prudential Supervision and Surveillance
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Fostering a Sound and Reputable Financial Centre
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Review of Deposit Insurance Scheme in Singapore
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Property Market Measures
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Insurance Resolution and Policy Owners’ Protection Fund (PPF)
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Box Story 3: Monograph on Tenets of Effective Regulation
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Box Story 4: Framework for Nomination of Beneficiaries
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Enhancing Safeguards for Retail Customers
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Achieving Fair Dealing Outcomes
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Enhancing Corporate Governance Standards
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Enhancing Market Conduct
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Box Story 5: Review of Regulatory Regime for Fund Management Companies
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SINGAPORE AS AN INTERNATIONAL FINANCIAL CENTRE
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Singapore’s Financial Sector – Positioning for the Upturn
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Singapore’s Debt Markets
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Risk Management in Over-the-Counter (OTC) Derivatives Market
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Facilitating the Growth of Infrastructure Financing
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Box Story 6: World Bank-Singapore Infrastructure Finance Summit
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Facilitating the Growth of Islamic Finance
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Box Story 7: The World Islamic Banking Conference: Asia Summit 2010
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Building Manpower Capabilities Amid the Downturn
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Box Story 8: Establishment of Financial Research Institutes and the Financial Research Council
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ENHANCING OPERATIONAL CAPABILITIES AND RESILIENCE
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Enhanced Business Continuity Management
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Enhanced Risk Management
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Enterprise Risk Management
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Continuous Auditing
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Enhancing Operational Capabilities and Supervisory Processes Through IT
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CURRENCY AND PAYMENT SYSTEM
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Enhancing MEPS+
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Managing Dollars and Cents
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Our Partners - Valuing Partnerships, Building Cooperation
ENHANCING STRATEGIC PARTNERSHIPS IN AN ENVOLVING FINANCIAL LANDSCAPE
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Enhancing Global Financial Stability and Regulatory Reform
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Contributing to International and Regional Crisis Lending and Surveillance
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Facilitating International Financial Crisis Discussions
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Enhancing the Anti-Money Laundering and Counter Terrorism-Financing Regime
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Strengthening Regional Surveillance and Capital Markets Development
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Pursing Closer Bilateral Engagements
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Box Story 9: MAS Lecture
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Strengthening Cooperation with Industry Partners
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Enhancing Payment Card Security
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Government Securities (Amendment) Bill 2009
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Financial District Security Programme (FDSP)
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Partnership with Academia
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Financial Conferences and Events
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Box Story 10: MoneySENSE - Promoting Financial Literacy Through Creative Platforms
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Our People - Growing Expertise, Grooming Leaders
BUILDING HIGH PERFORMANCE TEAMS AND A STRONG MAS FAMILY
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Expertise Development
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Professional Requisites and Outcomes Framework
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MAS Academy
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MAS Case Studies e-Collection
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Box Story 11: A Mark of Distinction: Financial Industry Certified Professional (FICP)
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Box Story 12: MAS Peer Groups – Honing Specialist Knowledge
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Leadership Development
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Coaching
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Young Professionals Programme
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People Leadership Programme
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Engaging Staff
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Employee Engagement Survey
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Enterprise Knowledge Management
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Leadership Community Retreat
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MAS Staff Seminar 2010
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Recognising Our People
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Service Appreciation Awards
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National Day Awards
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Conclusion of New Collective Agreement
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Box Story 13: The One MAS Family
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FOSTERING CLOSER TIES
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Inter-Central Bank Games 2009
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Inter-Group Games 2010
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Family Day 2010
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REACHING OUT TO THE COMMUNITY
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Gift-Collection Christmas Charity Drive
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FINANCIAL STATEMENTS
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Financial Statement Highlights
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Statement by Directors
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Auditor’s Report
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Consolidated Statement of Comprehensive Income
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Consolidated Balance Sheet
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Consolidated Statement of Changes in Equity
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Consolidated Cash Flow Statement
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Statement of Backing of Currency in Circulation
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Notes to the Consolidated Financial Statements
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KEY ECONOMIC AND FINANCIAL STATISTICS
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STATISTICAL ANNEX
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A. MONETARY STATISTICS
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B. FINANCIAL STRUCTURE
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C. COMMERCIAL BANKS
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D. FINANCE COMPANIES
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E. MERCHANT BANKS
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F. INSURANCE INDUSTRY
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G. NON-BANK FINANCIAL INSTITUTIONS
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H. DOMESTIC CAPITAL MARKET
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I. ASIAN DOLLAR MARKET
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GLOSSARY
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