The Money Authority of Singapore (MAS) is proposing to require financial institutions to clearly identify and delineate the responsibilities of senior management and of employees in material risk functions. The proposed Guidelines on Individual Accountability and Conduct (IAC) identifies five outcomes that should be met to ensure that senior management and employees are held accountable for their responsibilities and incentivized to ensure that they and their staff meet these expectations.
Corporater MAS IAC solution is an integrated digital tool that enables financial institutions (FIs) to meet MAS regulatory requirements, enhance integrity, and drive cultural change while protecting them and their senior managers against the risks of non-compliance. Empower your CCO and compliance managers to manage all five MAS outcomes holistically in one central system. The solution is designed with intuitive user interface making it easy for users to access the information they need, assign roles and responsibilities, complete their tasks, and generate reports to demonstrate compliance to MAS regulators and key stakeholders.