our committees

The following ABS Standing Committees and Task Forces (which replaced the various ABS Technical Committees) were established in June 2002 to deal with a wide range of banking and bank-related issues. The Standing Committees are headed by Council Bank representatives who are either Heads of Business Units or Service Function and the Task Forces are led by either Product Specialists or Heads of Service Units.

 

The Standing Committees aim to drive and provide strategic direction for the different areas of banking within their ambit of responsibility. On the otherhand, the role of the Task Forces is to work in specialist areas as directed by the Standing Committees.

 

The Standing Committees (SC) and Task Forces (TF) are:

 

Standing Committees (SC)

Task Forces (TF)
1. Banking Operations & Transactional Banking

- Business Continuity Management

- Bye-Laws & Regulations

- Custody Services

- DDA Outsourcing

- Derivatives processing (Including CLS)

- Retail payment (including CTS/GIRO)

- SWIFT-User Group

- Trade Finance and Guarantees processing

- Wholesale payment (incl. MEPS/MEPS+)
2. Computerisation & Automation

- E-Banking

- Emerging Technologies

- Internet Banking

- Internet Banking Security

- TrustSG Programme
3. Consumer Banking

- Consumer Banking Code

- Consumer Credit Bureau

- Consumer Education

- Consumer Products e.g. Unit Trusts, - Bancassurance etc

- Credit Cards

- Retail Electronic Banking - ATMs, etc.
4. Corporate Banking

- Credit
- SMEs

- Trade Finance

5. Finance & Accounting  
6. Financial Markets

- Development of Capital Markets

- Foreign Exchange

- Interest Rate Products

- Inter-market and custody
7. HR Matters - Wage Restructuring
8. Legal Matters  
9. Public Relations, Social Activities, Networking  
10. Risk Management

- Credit Risk

- Market Risk

- Operational Risk (incl. Technology Risk)
11. Self-Governance and Compliance

- Best Practices and Guidelines on products/services

- Code of Conduct

- Financial Competency Standards & - Accreditation

- Financial Crime

- New Legislations and Regulations E.g. FAA
12. Tax - GST

 

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