Monographs and Information Papers

MAS Information Papers highlight key trends, developments or practices in the financial sector.  The papers are not prescriptive in nature; the objective is to help disseminate information and enhance understanding of current issues. 

MAS' Monographs are detailed discussions of specialised subjects such as financial sector regulation and monetary policy operations in Singapore's context. 

 

 

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  • 12 November 2018

    Principles to Promote Fairness, Ethics, Accountability and Transparency (FEAT) in the Use of Artificial Intelligence and Data Analytics in Singapore’s Financial Sector

    This document provides firms offering financial products and services with a set of foundational principles on the responsible use of artificial intelligence and data analytics (AIDA). The Principles also help firms to strengthen internal governance around data management and use, fostering greater public confidence and trust in the use of AIDA.

  • 25 October 2018

    Thematic Review of Credit Review Standards and Practices of Corporate Lending Business

    MAS conducted a thematic inspection to assess the credit review standards and practices for the corporate lending business of several banks in Singapore. This information paper describes the key findings and areas where financial institutions should pay additional attention to. It also highlights good practices that were observed.

  • 24 September 2018

    Enforcement

    This Monograph outlines the approach that the Monetary Authority of Singapore (“MAS”) takes towards enforcement, the role that enforcement plays in the wider objective of financial industry oversight and the key areas of MAS’ enforcement practice and powers across the financial industry.

  • 15 November 2017

    A Guide to Digital Token Offerings

    On 1 August 2017, the Monetary Authority of Singapore (MAS) clarified that if a digital token constitutes a product regulated under the securities laws administered by MAS, the offer or issue of digital tokens must comply with the applicable securities laws. This paper provides general guidance on the application of the securities laws administered by MAS in relation to offers or issues of digital tokens in Singapore.

  • 23 August 2017

    MAS' Approach to Resolution of Financial Institutions in Singapore

    This Monograph sets out MAS' approach for operationalising the enhanced resolution framework in the Monetary Authority of Singapore (Amendment) Act 2017. The Amendment Act has been passed in Parliament on 4 July 2017. Regulations to operationalise the provisions of the Amendment Act will be promulgated in due course. A commencement notice will be published in the Gazette when the amendments are brought into force.

  • 20 July 2017

    Guidance on Insurers' Own Risk and Solvency Assessments (ORSA)

    This paper summarises MAS’ key observations from a focused review of ORSA reports submitted by direct life, general and composite insurers as well as reinsurers, and seeks to provide guidance on how insurers can better implement and benefit from their ORSAs.

  • 29 February 2016

    Thematic Review of Credit Underwriting Standards and Practices of Corporate Lending Business

    MAS conducted a thematic inspection of several banks in Singapore to assess the credit underwriting standards and practices of their corporate lending business. This information paper describes the key findings of the inspection, including areas where financial institutions should pay attention to. It also highlights the sound practices observed.

  • 21 January 2016

    Capital Markets Enforcement

    This monograph addresses the role of enforcement in the supervision of Singapore’s capital markets.

  • 22 October 2015

    Guidance on Anti-Money Laundering and Countering the Financing of Terrorism Controls in Trade Finance and Correspondent Banking

    This information paper aims to provide guidance to banks, merchant banks and finance companies on the anti-money laundering and countering the financing of terrorism controls relating to trade finance and correspondent banking activities.  Beside setting out MAS' supervisory expectations and highlighting areas for attention and improvement, it also serves to assist banks in their benchmarking against industry norms and identification of control gaps.

  • 29 May 2015

    Direct Life Insurers - Guidance on AML/CFT Controls

    Direct Life Insurers - Guidance on AML/CFT Controls

Last Modified on 09/11/2018