Notices
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”)).
Applies to:
Financial Holding Company (Insurance)
This Notice applies to all DFHCs (Licensed Insurer). It sets out the requirements and guidelines for DFHCs (Licensed Insurer) to develop their enterprise risk management framework and perform the Own Risk and Solvency Assessment ("ORSA") at the group level.
Amendment Notes
- 01 July 2022
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Notice FHC-N126 Enterprise Risk Management ("ERM") (400 KB)
takes effect.
Related to this Notice
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NoticesLast Revised Date: 30 September 2022
Notice 126 Enterprise Risk Management (“ERM”) for Insurers
Enterprise risk management (ERM) requirements and guidelines for licensed insurers.
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GuidelinesLast Revised Date: 28 June 2021
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Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
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Guidelines on Risk Management Practices – Technology Risk
Risk management principles and best practice standards to guide financial institutions in managing technology risk.
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Guidelines on Outsourcing
Guidelines for financial institutions on risk management of outsourcing arrangements.
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Guidance to financial institutions on sound practices for their internal control environment and business process controls.
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Guidelines on Risk Management Practices – Objectives and Scope
Articulates the objectives and scope of MAS’ Guidelines on Risk Management Practices.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Market Risk
Guidelines for financial institutions on managing their market risk.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Operational Risk
Guidelines for a financial institution’s operational risk management framework, including business continuity and outsourcing.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Liquidity Risk
Guidelines for financial institutions on managing their liquidity risk.
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GuidelinesPublished Date: 01 March 2013
Guidelines on Risk Management Practices – Credit Risk
Guidelines for financial institutions on managing their credit risk.