Regulatory Alerts2024-05-09
Added
Guidelines to MAS Notice 654 on Recovery and Resolution Planning
The Monetary Authority of Singapore issued these guidelines to provide detailed requirements for notified banks regarding recovery and resolution planning under MAS Notice 654. The document mandates that banks establish robust recovery plans, resolution plans, management information systems, and operational continuity measures to ensure financial stability. These guidelines supersede the previous version dated 30 January 2019 and take effect on 10 May 2024.
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