Fintellix: Decoding the Impact of Changes in the Monetary Authority of Singapore’s Regulatory Reporting Guidelines
Singapore’s premier regulator is in the process of finalising the proposed revisions to the MAS 610 (Banks) and MAS 1003 (Merchant Banks) notices. Though the public consultation process concluded in February 2015, the new notices are yet to be issued by MAS. The impact of the proposed changes is expected to be significant and banks have been given 18 months to implement them, with 2 half-yearly reviews.
Some of the key drivers for this widespread change is the demand for more granular data
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