Credit Agricole Singapore Employs AxiomSL’s Regulatory Data Solution
Investment bank will use the solution to comply with mandates under MAS 610 and MAS 649 required by the Singaporean central bank.
The French bank will use AxiomSL’s solution to comply with reporting mandates MAS 610 and 649.
AxiomSL officials say banks in Singapore need to start preparing for the revisions proposed in the new MAS 610. The revisions will see an increase in the type and quality of information required by the MAS compared with the existing MAS 610, which regulates the submission of statistics and returns by banks. The regulator has yet to announce the implementation date.
AxiomSL’s MAS 649 solution covers
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