Singapore urges firms to adopt effective internal controls


SINGAPORE -- Staff in trading, risk management and control posts in financial firms should be forced to take mandatory block leave of seven days a year.

That amount of time spent away from the office should help a firm uncover any unauthorised trading or fraud staff members may have undertaken, Singapore regulators noted in late October.

This is just one of the recommendations made in guidelines on sound risk management practices issued by the Monetary Authority of Singapore (MAS) to financial

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