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MAS says it is looking into implications of European data protection rules

The Monetary Authority of Singapore (MAS), alongside the city-state’s financial institutions, is currently scrutinising the ramifications of the revised General Data Protection Regulation (GDPR) rules, which went live today. “MAS is currently working with financial institutions to better understand the implications of GDPR as well as regulations on cross-border data sharing for Singapore,” a spokesperson from MAS told Asian Private Banker….

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