The Financial Supervision Group (FSG) launched the FSG Faculty of Peers in 2006 as part of a long-term organisational strategy to develop and deepen our supervisory expertise and to harness the synergy within the group.
The Faculty of Peers was set up to meet the following objectives:
- to better develop the depth and breadth of functional and technical expertise within FSG;
- to enhance integrated supervision across FSG departments, and ensure quality and consistency of our supervisory approaches across different financial sectors;
- to develop pools of specialist staff with good depth of knowledge and exposure in specific subject areas who can help develop other
- to provide professional development opportunities for
It has also formed various Peer Groups, each of which is led by a Practice Area Leader. The members in a Peer Group are supervisors who are knowledgeable and experienced in a specific subject such as a risk area, product, market or activity relevant to MAS’ supervisory responsibilities. The Practice Area Leaders and their peers conduct activities to keep abreast of developments and trends, to develop and deepen knowledge and skills, and ultimately help improve supervisory work in their respective subject areas.
The FSG runs an expertise repository that stores institutional supervisory knowledge and facilitates information-sharing among MAS supervisors from different financial sectors.