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MAS mulls collecting “progress reports” as part of reporting requirements overhaul

The Monetary Authority of Singapore (MAS), responding to industry feedback on ‘Notice 610’, is considering collecting “progress reports” every six months during the 24 month implementation period of the new reporting requirements for banks. “80% agreed with the frequency of progress reports,” MAS report wrote in its updated version of the Notice 610 Submission of Statistics and Returns for banks…

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