Regulatory Alerts2013-03-01
Added
Guidelines on Risk Management Practices – Market Risk
The Monetary Authority of Singapore issued these March 2013 guidelines to establish sound market risk management practices for financial institutions. The document requires institutions to develop Board-approved risk strategies, policies, and procedures that align with their risk appetite and capital strength. It mandates robust frameworks for measuring, monitoring, and controlling market risks, including interest rate, equity, foreign exchange, commodity, and credit trading risks, through independent risk functions and comprehensive stress testing.
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