THE FINANCIAL SECTOR:
KEY SUPERVISORY AND REGULATORY INITIATIVES
     
Content Page
Supervision
Regulation
Risk-based Regulatory Regime
Fine-Tuning Regulatory framework
Ensuring Sound Market Conduct
Innovative Systems for Efficient Payment
and Settlement
 
 
SUPERVISION
 
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Box 1 – Fostering a Sound and Progressive Financial Services Sector . Enhancing MAS’ Supervisory Capabilities
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Box 3 – Streamlining Inspection Function . Thematic Inspections to Improve Surveillance
 
MAS maintains high supervisory standards to foster Singapore’s position as a sound and progressive financial centre. To do this, we continually review and fine-tune our risk-focused supervisory methodologies and capabilities. In April this year, MAS issued a monograph titled “Objectives and Principles of Financial Supervision in Singapore”. The monograph spells out our objectives of supervision, the functions we perform, and the principles that guide our supervisory approach. A key theme of the monograph is that all stakeholders have a shared responsibility to achieve a sound and progressive financial services sector. Box 1 provides a summary of our supervisory objectives and principles.