Content      
HOME
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
 
  Risk Management 55
 
Financial Crisis Management Exercise  
55
 
Industry-wide Business Continuity Exercise-Exercise Raffles  







56
 
  RISK MANAGEMENT

Financial Crisis Management Exercise
 

MAS conducted a financial crisis management exercise in December 2005 to strengthen its ability to manage financial institutions in financial distress. The exercise simulated a key institution facing financial difficulties and allowed MAS to test and exercise its financial crisis management process and response plans, including decision-making processes and communications strategy. It also allowed MAS officers to familiarise themselves with their respective roles and responsibilities and with the draft handbook for managing situations when financial institutions face difficulties. MAS will be conducting a more complex exercise in Financial Year 2006/07 to address the key issues identified in the December exercise, cement the earlier learning points, as well as finalise the handbook.