MAS Guidelines on Individual Accountability and Conduct has been saved
MAS Guidelines on Individual Accountability and Conduct
On 06 June 2019, The Monetary Authority of Singapore (MAS) responded to feedback pertaining to its Proposed Guidelines on Individual Accountability and Conduct, which provides additional clarity on their expectations.
MAS also simultaneously issued a second consultation paper on a revised scope of application for the proposed guidelines.
These guidelines will have different impacts on Singapore-incorporated banks and insurance companies, as well as branches of foreign-incorporated Financial Institutions in Singapore.
In our latest report, we provide a summary and clarification on the revised guidelines and the expectations of financial institutions in Singapore.