Focus areas and schemes to develop Singapore as a global capital for Asian risk transfer.
MAS and the Central Bank of Kenya have inked a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The two central banks will collaborate to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common standards.
MAS announced that the International Monetary Fund (IMF) has completed its Financial Sector Assessment Programme (FSAP) for Singapore and reaffirmed Singapore’s financial sector oversight to be “among the best globally”.
The response to two forum letters reiterated that the correct response to the growing role of technology is not to avoid it but to equip our workers so that they can take on the higher value job roles that technology will enable.
Ms Merlyn Ee, Executive Director, MAS, shared 3 ways to transform culture and conduct in the financial advisory industry – shaping the right behaviour through incentives, enhancing surveillance of representatives and building a customer-centric culture.
Mr Ravi Menon, Managing Director, MAS, spoke on three investment themes that investors can consider to achieve wellness in their investment.