Banks struggling to comply with MAS’s new 610 regulation

16 March 2018 | 3 minutes read

Banks operating in Singapore are finding it difficult to comply with the Monetary Authority of Singapore’s (MAS) upcoming 610 regulation, as many continue to using outdated reporting standards such as paper formats. While current regulations require around 4,000 data fields, under the new standards, the number of fields will increase to approximately 320,000. Banks are expecting the regualtor to implement…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]