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FSDF Annual Report 2022/2023
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Oral reply to Parliamentary Questions on Polytechnic Talent for Finance Scheme
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Monetary Authority Of Singapore Extends Training Support Measures To Foster Skills Development In New Growth Areas Date
25/06/2021
The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) announced today extensions to the enhanced training support measures to build capabilities and strengthen employability of the local workforce. These extended measures will be progressively reduced and cease on 1 July 2022.
2 Since the introduction of these measures in April 2020 and extension of training support (including the inclusion of deep-tech courses) in November 2020, training participation has increased over 60% year-on-year. Close to 500 financial institutions have tapped on these measures. While economic activities have progressively resumed and the financial sector has performed relatively well amidst the crisis, uncertainties remain in the economic environment. To ensure that financial institutions, FinTech firms and individuals co