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MAS to reduce duplication, automate data submission from financial institutions

Measures include reusability in data collection and ensuring that same data need not be sent twice

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The move will help financial institutions reduce resources and preparation time needed to produce data requested by MAS.

Singapore

THE Monetary Authority of Singapore (MAS) is aiming to eliminate all duplication in data requests to financial institutions by the end of 2019.

To achieve this, MAS has come up with a roadmap to progressively cut down on duplication and automate data submission, it

sentifi.com

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