Singapore – MAS proposes guidelines on individual accountability and conduct – updated jurisdictional comparison

 

On 26 April 2018, the Monetary Authority of Singapore (“MAS”) issued a consultation paper on proposed guidelines on individual accountability and conduct (the “Guidelines”). We had previously prepared a note that provides an overview of the MAS’ proposals and their key implications for financial institutions in Singapore.

We have now updated the note (in the Annex) to include a comparison table of the Senior Managers and Certification Regime in the UK, the Managers-in-Charge Regime in Hong Kong, the Banking Executive Accountability Regime in Australia, and the Guidelines.