MAS’ proposed guidelines on individual accountability and conduct
18 Jun 2019
On 26 April 2018, the Monetary Authority of Singapore (“MAS”) issued a consultation paper to seek feedback on a proposed set of guidelines to strengthen accountability and standards of conduct across the financial industry. This set of guidelines, known as the Guidelines on Individual Accountability and Conduct (“IAC Guidelines”), aim to promote individual accountability of senior managers, strengthen oversight of employees in material risk functions, and reinforce standards of proper conduct among all employees.
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