Skip to content

Financial Institutions in Singapore to Ensure a Culture of Responsibility and Accountability Applies from the Top Down

Author
Denisenko Jason
Jason Denisenko

Partner

Sydney

View profile →

Robins Charlotte
Charlotte Robins

Partner

Hong Kong

View profile →

Hitchins Sarah
Sarah Hitchins

Partner

London

View profile →

Kwok Shuhui
Shuhui Kwok

Partner

Singapore

View profile →

30 September 2020

The Monetary Authority of Singapore (MAS) has issued its finalised Guidelines on Individual Accountability and Conduct, which will come into effect on 10 September 2021.

Most financial institutions regulated by the MAS will be covered by the new Guidelines. They will accordingly need to clearly identify and delineate the responsibilities of senior management and material risk personnel.

This bulletin explores the key features of the Guidelines and considers the steps that can be taken to comply with the new regime.

Related blog topics