Tenets of Effective Regulation

This monograph addresses the regulation function in financial supervision in Singapore and describes the Tenets that guide the MAS in the development and review of its regulatory framework.

The term “regulation” refers to the establishment of specific rules of behaviour for financial institutions and licensed representatives and in particular to the creation and application of legally enforceable rules that are implemented through legislation, regulations, directions and notices.

This is distinct from “supervision”, which means the monitoring and assessment of the risk profile, financial strength, governance, risk management and control procedures, regulatory compliance and business conduct of an institution.

This monograph can be downloaded in full in PDF format and viewed and printed with Adobe® Acrobat® Reader.

Monograph (PDF, 347KB)