Monetary Authority of Singapore cements its culture and conduct expectations: finalisation of the Guidelines on Individual Accountability and Conduct

On 10 September 2020, the Monetary Authority of Singapore (“MAS”) issued a set of documents relating to Individual Accountability and Conduct:

• the finalised Guidelines on Individual Accountability and Conduct (“IAC Guidelines”);
• its response to feedback on its June 2019 consultation regarding the scope of the IAC Guidelines (“June 2019 CP Response”);
• a set of FAQs on the IAC Guidelines (“IAC FAQs”); and
• an Information Paper on Culture and Conduct Practices of Financial Institutions.