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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  • 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

  • 16 June 2014

    Guidance on Private Banking Controls

    This report aims to provide financial institutions (FIs) with guidance on the policies, procedures and controls applicable to private banking (PB).  In addition to setting out MAS’ supervisory expectations, it also highlights sound industry practices and areas where FIs should pay closer attention to, in order to mitigate the risks from their PB operations.

  • 28 June 2013

    Thematic Inspection of Residential Property Loans Business

    The Monetary Authority of Singapore ("MAS") conducted a thematic inspection of the residential property loans business of banks that are major players in this market, in late 2012. This report describes the key findings of the inspection, including areas where underwriting and lending practices could be improved and instances of non-compliance with MAS' rules and regulation. It also highlights the sound practices observed.

  • 02 April 2013

    Monetary Policy Operations in Singapore

    The monograph highlights the key aspects of MAS' monetary policy operations, viz. foreign exchange and money market operations, and the various factors and considerations underlying them.

Last Modified on 20/07/2017