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
 
Thematic Inspections to Improve Surveillance
 
Besides institution-specific inspections, MAS conducted a series of thematic inspections to assess specific risks that the financial system faces. With rising defaults on consumer loans, MAS conducted inspections of major retail banks’ unsecured lending to consumers.

MAS also began on-site inspections of financial advisers to enforce the standards established under the Financial Advisers Act (FAA) and ensure that consumers benefit from higher quality advice on investment products.

In addition, we carried out market-wide inspections of intermediaries undertaking diverse activities. The activities covered exempt fund management, securities research, corporate finance advisory, and Collective Investment Scheme (CIS) managers.