MAS probes omnibus regulatory approach to financial sector risks and challenges

22 July 2020 | 4 minutes read

The Monetary Authority of Singapore (MAS) on Tuesday published a consultation paper, with a view to introducing an omnibus act for the financial sector to supplement Cap 186 (the “MAS Act”). Over the years, the MAS Act has been amended to include new legislative provisions that applied to financial institutions across the financial sector. MAS has now recognised “the increasing…

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