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Monetary Authority of Singapore

Monetary Authority of SingaporeAnnuAl RepoRt 2016/1724 Industry-Wide Stress Test24 Strengthening Cybersecurity24 Over-The-Counter (OTC) Derivatives Reforms25 Formation of Corporate Governance Council25 TRUSTED FINANCIAL CENTRE 25 Preventing Money Laundering and Terrorism Financing26 Implementation of Common Reporting Standard26 Establishment of New MASNET Platform27 DyNAmIC FINANCIAL CENTRE27 Establishment of Data Analytics Group Within MAS28 Strengthening Markets and Deepening Financial Ecosystem 30 A World-Class FinTech Hub33 Developing a Know-Your-Customer Utility34 Strengthening the Singapore Core in Financial ServicesSERvINg ThE PUbLIC, ENgAgINg STAkEhoLDERS 38 SERvINg ThE PUbLIC 38 Managing Dollars and Cents39 Singapore Savings Bonds40 MoneySENSE42 Launch of Datasets as APIs43 PRoTECTINg CoNSUmERS 43 Review of Digital Offering of Life Insurance Products and Advisory Services44 Implementation of Credit Bureau Act44 PARTNERINg ACADEmIA 44 MAS Term Professorship in Economics and Financ

It has been an eventful year. Internationally, we have seen important political shifts in several advanced economies, and new uncertainties emerged in multilateral cooperation.

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