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On 29 April 2018, the Monetary Authority of Singapore (MAS) issued a consultation paper, proposing to introduce a new set of Guidelines on Individual Accountability and Conduct (Guidelines).

MAS adopts a three pronged approach in regulating and supervising financial institutions.

With growing incidents of misconduct and egregious risk-taking in the financial industry both globally and in Singapore, MAS has been intensifying its regulatory and supervisory emphasis on financial institutions (FIs)'s culture and conduct. MAS reiterates that in doing so, it adopts a three pronged approach.

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