Groups were set up in MAS in 2006 to deepen
and share knowledge in specialist subject
areas which are important to MAS’
work, harness cross-departmental knowledge
development and sharing, as well as provide
staff with professional development opportunities
in specialised areas.
To develop and raise the level of specialist
knowledge of staff, Peer Groups assist
the MAS Academy in organising and delivering
various in-house technical training programmes.
In 2009, these programmes included workshops
on risk management in Islamic finance,
a mini risk conference on market risk
measurement and management, and a seminar
on the latest initiatives and developments
in stress testing modeling and practice.
The Peer Groups also contribute actively
to supervisory work. For example, the
Islamic Banking Peer Group conducted study
visits on Islamic banking activities and
drafted an Islamic Banking Inspection
Manual. The Anti- Money Laundering and
Counter-Terrorism Financing (AML/CFT)
Peer Group provided expert views for MAS’
representation at international meetings
such as the Financial Action Task Force.
The Accounting Standards and Fund Management
Peer Groups also work with industry associations
or international regulatory bodies on
issues that are relevant to MAS.