MAS mulls review of framework for liquidity risk management
Regulatory bodies have called to strengthen the industry’s resilience.
The Monetary Authority of Singapore (MAS) said that it will study the need to review the current framework for liquidity risk management by asset managers.
This comes after global regulatory bodies such as the FSB and IOSCO have called to strengthen the industry’s resilience in both normal and stressed market conditions.
“Product distributors and providers should also ensure that marketing and advertisements are fair and balanced. Marketing should not over-emphasise product features that are not sustainable across a robust range of scenarios,” MAS Managing Director Chia Der Jiun said.
Further, clear and timely disclosures should be provided to investors to enable them to make well-informed investment decisions.