Guidelines on Risk Management Practices – Objectives and Scope
These guidelines aim to provide financial institutions (FIs) with guidance on sound risk management practices. They cover credit, market, liquidity, operational, technology and insurance business-related risks, internal controls and the role of the FI’s Board of Directors and senior management.
Related to this Item
NoticesLast Revised Date: 30 September 2022
Notice 126 Enterprise Risk Management (“ERM”) for Insurers
Enterprise risk management (ERM) requirements and guidelines for licensed insurers.
NoticesPublished Date: 29 June 2022
Notice FHC-N126 Enterprise Risk Management ("ERM")
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”)).
GuidelinesPublished Date: 19 July 2017
Guidance on Insurers' Own Risk and Solvency Assessments
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.