Regulatory Alerts2024-04-29
Added
Notice FHC-N126 Enterprise Risk Management
The Monetary Authority of Singapore issued Notice FHC-N126 to establish enterprise risk management requirements for designated financial holding companies with licensed insurance subsidiaries. The notice mandates these entities to develop a comprehensive enterprise risk management framework and conduct an Own Risk and Solvency Assessment at the group level. This regulatory update, effective April 29, 2024, supersedes previous versions to ensure robust risk governance within the financial holding company structure.
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