Guidelines
 Published Date: 01 March 2013

Guidelines on Risk Management Practices – Objectives and Scope

Articulates the objectives and scope of MAS’ Guidelines on Risk Management Practices.
Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated) , Finance Company , Merchant Bank (Locally Incorporated) , Merchant Bank (Branch) , Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite) , Reinsurer (Life) , Reinsurer (General) , Reinsurer (Composite) , Captive Insurer , Lloyd's Asia Scheme , Financial Holding Company (Insurance) , Dealing in Capital Markets Products , Product Financing , Licensed Fund Management Company , Corporate Finance Advisory , REIT Management , Registered Fund Management Company , Credit Rating Agency , Securities Crowdfunding , Venture Capital Fund Management Company , Exempt Futures Broker , Exempt OTC Derivatives Broker , Providing Custodial Services , Exempt Corporate Finance Adviser Serving Accredited Investors , Exempt Trust Company , Licensed Trust Company , Exempt Person Providing Trust Services , Approved CIS Trustee , Markets and Exchanges , Clearing House , Benchmark Administrator/Submitter , Holding Company of Exchange or Clearing House , Central Securities Depository , Trade Repository , Credit/Charge Card Issuer , Major Payment Institution , Standard Payment Institution , Money-changing Licensee
View Document Guidelines on Risk Management Practices – Objectives and Scope (195.9 KB)

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.