MAS Consults on Environmental Risk Management Guidelines for Financial Institutions
The Monetary Authority of Singapore (MAS) issued a set of three consultation papers on its proposed Guidelines on Environmental Risk Management (Guidelines) for banks, insurers and asset managers. The Guidelines aim to enhance financial institutions’ (FI) resilience to environmental risk, and strengthen the financial sector’s role in supporting the transition to an environmentally sustainable economy, in Singapore and in the region. This is part of MAS’ Green Finance Action Plan to become a leading global centre for green finance.
Author: Monetary Authority of Singapore (MAS)