Guidelines on the role that a financial institution's Board of Directors and senior management play in risk management.
Published 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”)).
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.