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MAS proposes greater accountability for senior managers

The Monetary Authority of Singapore (MAS) has released a slew proposed guidelines aimed at increasing the level of accountability of senior managers and advocating “a culture of ethical behaviour” in financial institutions (FIs) operating in the city-state. MAS’s deputy managing director for financial supervision, Ong Chong Tee, warned that persistent misconduct and a lack of individual accountability will serve to…

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