This Forum is an important platform to have that exchange of insights which can enhance our understanding of the risks and opportunities in this region, allowing us to navigate the future better. We can also have a better steer if we ingrain the Asian acumen, which is o en built upon relevant work experiences in the region. To support this objective, MAS has been grooming more Singaporeans to be leaders and specialists, including giving them international exposure through the iPOST scheme, which supports overseas postings of Singaporeans to the region and beyond. MAS, IBF, and the financial industry will continue to work together to prepare our workforce with the skills for the future by developing a strong talent pipeline to enter the sector, and reskilling and redeploying local professionals into functions where jobs are growing. Adapt and adjust for a sustainable future https://www.mas.gov.sg/news/speeches/2021/riding-the-growth-momentum-in-asia  6/11  12/02/2021  "Riding the Growth Momentum in Asia" – Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director (Markets & Development), …  17. Second, there is increased expectation on the financial sector to play a greater role in enabling a more sustainable future. Global warming has led to more frequent and severe natural disasters. Asia will be one of the hardest hit with its densely-populated lowlying coastal cities. Over the last two decades, 7 out of 10 of the countries that were most aﬀected by climate risk events were in Asia [13] . 18.

To support this growth, we have been building an e-trading ecosystem in Singapore to support electronic trade execution and price discovery in FX  https://www.mas.gov.sg/news/speeches/2021/riding-the-growth-momentum-in-asia  3/11  12/02/2021  "Riding the Growth Momentum in Asia" – Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director (Markets & Development), …  during Asian trading hours, a move that will bring about better execution, lower cost of trading, and greater transparency for market participants. Key global and regional sell-side and buy-side players, as well as e-trading platforms, have anchored their regional pricing and matching engines here, and have seen early successes. Global liquidity providers that have completed the set-up of their pricing and trading engines in Singapore provided feedback that trade-fill ratios have improved, from about 80% to near 100%. Notably, when FX market volatility reached multiyear highs in March last year amidst the COVID-19 pandemic, the robust e-trading infrastructure in Singapore was able to tide regional market participants over the storm, with relatively good execution. We seek to enhance Singapore’s value proposition as a full-service international fund management and domiciliation hub. The Variable Capital Companies (VCC) framework provides fund managers with a wider suite of investment fund vehicles and potential cost savings from centralising fund management and domiciliation activities, whilst providing new business opportunities for fund managers, service providers and fund advisors. The VCC has seen strong industry adoption, with close to 200 VCCs set up in its first year, for a diverse range of traditional and alternative investment strategies.