Governance Briefing — MAS Individual Accountability Guidelines harden senior manager oversight

Executive briefing: The guidelines set five outcomes, including clearly defined senior manager responsibilities, an effective governance framework, and employee conduct standards backed by escalation and remediation processes. MAS expects boards to approve accountability maps, allocate prescribed responsibilities, and maintain records demonstrating how misconduct triggers review and disciplinary action.^{Guidelines paras. 1.5–1.7, 2.1–2.8}

Implementation steps

• Responsibility mapping. Produce statements of responsibility and accountability maps covering business lines, technology, outsourcing, and risk functions.
• Conduct controls. Align performance management and training with conduct expectations, and document remediation playbooks for breaches.
• Board oversight. Schedule regular reporting on conduct metrics, investigations, and remediation to demonstrate outcome testing to MAS.

Sources

• MAS Guidelines on Individual Accountability and Conduct
• MAS media release on IA&C guidelines

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