MAS prepares new approach to data collection
MAS says it is moving towards “zero duplication” of data requests
The Monetary Authority of Singapore has launched a roadmap aimed at reducing the duplication of data requests and adopting machine-readable data from financial institutions.
“This will help financial institutions reduce the resources and preparation time needed to produce data requested by MAS. It will also make it more efficient for MAS to process and analyse the data collected,” the authority says in a statement published on March 14.
Financial institutions will be allowed to reject requests
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