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Data governance and management practices

MAS Information Paper

The Monetary Authority of Singapore (MAS) conducted thematic inspections on data governance and management framework of selected banks, with a focus on data quality. We outlined MAS’ supervisory expectations, good practices, and summarised effective data governance pillars, implementation steps, and key business impacts.

This information paper focuses on data governance practices that address data quality risk. It includes a set of supervisory expectations to guide banks and finance companies in their efforts to strengthen their data management capabilities. The expectations are based on requirements set by the Basel Committee on Banking Supervision on “Principles for effective risk data aggregation and risk reporting” (BCBS 239), as well as observations from thematic inspections on data governance and management of Domestic Systemically Important Banks (D-SIBs), conducted by the MAS in 2022/23.

Download our latest paper, where we outline MAS’ supervisory expectations, highlight good practices, and explore the pillars of effective data governance. Discover key implementation steps and understand the critical business impacts.

Data Governance and Management Practices paper

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Wong Nai Seng

Wong Nai Seng

Executive Director, Strategy, Risk & Transactions, Deloitte Southeast Asia

+65 6800 2025

Heading the Regulatory Risk service line in Southeast Asia, Nai seng has with him more than 20 years' experience in regulatory policy, financial stability surveillance, and supervision, covering banks... More