Regulatory Alerts2024-12-26
Added
Guidelines to MAS Notice 134 on Recovery and Resolution Planning
The Monetary Authority of Singapore issues these guidelines to elaborate on the recovery and resolution planning requirements for notified insurers and designated financial holding companies under MAS Notice 134. The document mandates that these entities develop robust recovery plans with clear triggers and options, while maintaining detailed information to facilitate orderly resolution strategies that protect critical functions and minimize systemic disruption. These guidelines take effect on 1 January 2025 and require entities to integrate planning into their governance frameworks and engage in iterative supervisory collaboration.
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