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OUR MISSION
OUR OBJECTIVES
 
Supervision
Inspections and
Supervisory Reviews
New Legislation
Enhancing Regulatory Frameworks
Market and Business Conduct
Risk Management
B THE FINANCIAL SECTOR: KEY SUPERVISORY
AND REGULATORY INITIATIVES
 
  New Legislation 41
 
Strengthening Corporate Governance Regulations
 
& Guidelines  
41
 
 
Box 5 – Enhancing Corporate Governance Framework  
41
 
Box 6 – Deposit Insurance Scheme  
42
 
Box 7 – Nomination of Beneficiaries Framework  
43
 
Box 8 – New Framework for Trust Companies
 
to Facilitate Wealth Management  
44
 
  NEW LEGISLATION

Strengthening Corporate Governance Regulations & Guidelines
 

To further enhance corporate governance requirements of financial institutions, MAS issued regulations on corporate governance to locally incorporated banks, financial holding companies and significant direct life insurers in September 2005.