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MAS Response to Consultation Paper on Revised Notices on Misconduct Reporting Requirements – 30 December 2025
The consultation paper was issued in 2022 proposing to implement changes to the misconduct reporting requirements. A summary of the key responses is as follows and the revised requirements will come into effect on 1 January 2027. FIs are expected to have internal processes to identify root cause of misconduct, implement remedial actions, and address…
Keep readingMAS Information Paper – Thematic review of Financial Institutions’ recruitment and onboarding training of representatives (4 December 2025)
The information paper sets out MAS’ supervisory expectations, good practices observed and areas for enhancement when assessing whether appointed representatives are fit and proper to carry out regulated activities. Some of the key supervisory expectations and good practices include having structured recruitment policies and processes approved by senior management, implementing risk mitigating measures (eg. enhanced…
Keep readingMAS Consultation Paper on Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions (Nov 2025)
The MAS proposes guidelines to enhance management of AI risks and to be applied in a proportionate manner by Financial Institutions (FI). The scope of AI includes AI based on machine learning, deep learning, reinforcement learning techniques, as well as Generative AI, AI agents and any newer AI technologies. FIs should institute basic policies for…
Keep readingMAS Information Paper on Cyber Risks Associated with Deepfakes (18 September 2025)
The paper aims to raise FIs’ awareness by providing a comprehensive overview of the emerging threats and risks posed by deepfakes, their potential impact on the financial sector, and possible mitigation measures that FIs could implement to address these evolving risks. Deepfakes impacts FIs through different risk areas such as market risk, cyber risk, fraud…
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