Singapore, Philippine central banks partner for data connectivity

Uploaded By:  Alyssa Divina Submitted By:  Alyssa Divina Case Study:  No They hope to boost cross-border data transfer and risk management. The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) have released a joint statement of intent to promote data connectivity in recognition of its importance in financial services. The two parties acknowledged that data localisation requirements can boost cybersecurity and other operational risks, as well as hinder risk management and financial regulatory to data access. read more