Singapore harmonises risk-based regulation of financial firms


SINGAPORE -- Singapore financial regulators said in August they would integrate risk-based regulation of banks, insurance companies and investment firms under a new department from September 1.

The Monetary Authority of Singapore (MAS), Singapore’s central bank and chief financial market regulator, said a new prudential policy department would be responsible for formulating risk-based capital and other prudential policies across financial industries.

The move was part of several organisational

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