The Monetary Authority of Singapore (MAS) has recently released a series of consultation papers that outline guidelines for banks, insurers, and asset managers regarding transition planning. These guidelines aim to facilitate the global transition towards a net zero economy. MAS is seeking feedback and input from industry stakeholders on these proposals. The consultation papers provide a framework for financial institutions to align their strategies and operations with the goal of achieving a net zero economy. By implementing these guidelines, MAS hopes to encourage sustainable practices and contribute to the worldwide efforts in combating climate change.
HomeDIGITAL ASSETS REGULATORYsingapur_MASGuidelines from the Monetary Authority of Singapore: Planning for the Transition to...