Page 236 - 《期货和衍生品行业监管动态》（2022年合集）

期货和衍生品行业监管动态

In recognition of the importance of data connectivity in financial services, the
Swiss State Secretariat for International Finance (“SIF”) and The Monetary

Authority of Singapore (“MAS”) have agreed on and jointly issue the following

statement of intent:

SIF and MAS recognize the importance of a sound regulatory and policy

framework, one that is conducive for the cross-border transmission, storage,

processing, access to and protection of data in the financial sector (“data connectivity

for financial services”).

SIF and MAS are committed to working together and with other countries and

authorities to promote an environment in financial services that fosters growth and

development of the global economy. Both organisations aim to promote

consumer-focused, innovative, integrated and efficient global financial markets; while
safeguarding the stability and integrity of the global financial system, upholding

confidentiality of customers’ data, and protecting personal information and privacy
globally.

More specifically, the expanding use of data and information technology for the

provision of financial services offers a range of benefits, including greater consumer

choice, enhanced risk management capabilities, and increased efficiency. However,

these developments can also pose new and complex risks for markets and challenges

for policymakers and regulators.

Cross border data connectivity in financial services may support economic

growth and the development of innovative financial services, and may benefit risk

management and compliance programs. Conversely, data localisation requirements

may increase cybersecurity risks and other operational risks, hinder risk management

and compliance, and inhibit financial regulatory and supervisory access to data.

Based on this shared understanding, SIF and MAS intend to explore policies and
rules that facilitate the following goals with respect to financial institutions:

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