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US, Singapore support cross-border data mobility among financial services firms
Published Thu, Feb 6, 2020 · 09:50 PM
Singapore
THE Monetary Authority of Singapore (MAS) and the US Treasury, in a joint statement on Thursday, supported the case for cross-border data transfer by financial services firms without the need for data localisation, as long as financial regulators have access to data needed for regulatory and supervisory purposes.
Data localisation is the practice of keeping data within a country's borders.
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