In a bid to further build up competencies and develop talents in the industry, the Monetary Authority of Singapore also committed S$400 million in funding for the period 2021 until 2025.
In terms of jobs, the financial services sector created an average of 4,100 net jobs each year, higher than the targetted 3,000 jobs. FSDF was set up in 1999 and administered by MAS to promote Singapore as a financial centre and develop expertise required by the sector, among other objectives.
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