Guidelines on Risk Management Practices – Liquidity Risk
Liquidity risk is the risk of an institution’s inability to meet its financial obligations as they fall due without incurring unacceptable cost or losses. These guidelines provide financial institutions with guidance on the key principles of, and sound practices for liquidity risk management.
The guidelines cover:
- Governance and liquidity strategy.
- Policies and procedures for sound liquidity risk management.
- Measurement and management of liquidity risk.
- Contingency funding plan, stress testing and scenario analysis, foreign currency management and asset encumbrance.
This information paper sets out MAS’ supervisory expectations of effective liquidity risk management (LRM) frameworks and practices and includes key findings from our thematic liquidity inspections and review of prospectuses, which focused on collective investment schemes (CIS) offered to retail investors.
Enterprise risk management (ERM) requirements and guidelines for licensed insurers.
Requirements and principles that govern insurers' investment activities.
Requirements and guidelines on enterprise risk management for designated financial holding companies that has a subsidiary that is a licensed insurer incorporated, formed or established in Singapore (“DFHC (Licensed Insurer”)).
Requirements and principles on investment activities of designated financial holding companies that has a subsidiary that is a licensed insurer incorporated, formed or established in Singapore (“DFHC (Licensed Insurer”)).
This circular sets out the reporting requirements for significant redemption, gating and suspension of funds by licensed and registered fund management companies.
Guides fund managers on sound liquidity risk management practices in fund structures.
Proposed guidance on sound practices in managing liquidity risks in CIS. The paper also proposed additional portfolio requirements for money market funds to enhance resilience to liquidity risks and ability to meet redemption requests during stressed market conditions.
- Consultation number:
- P019 - 2017
- Start date:
- 26 October 2017
- Closing date:
- 27 November 2017
- MAS response date:
- 16 August 2018
Information paper outlining MAS' key observations from a review of the industry’s Own Risk and Solvency Assessment (ORSA) reports, with the aim of guiding insurers towards improving their respective ORSAs.