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Tapping International Expertise
Box 20 – Business Continuity Management: Readiness is the Best Protection    
Enhancing Risk Management
The Risk Committee was set up in 2000 to assist the Board of Directors to manage financial risks inherent in MAS’ investment portfolios. In February 2004, the Committee’s scope was expanded to include the oversight of MAS-wide risk management framework. This framework sets out the key risks faced by MAS, covering our core functions as well as our organisational effectiveness. In line with the expanded scope of the Risk Committee, the Corporate Risk Division within the department, which supports the work of the Committee, has expanded its responsibilities to cover non-financial risks, including operational, legal and reputational risks.