HomeDIGITAL ASSETS REGULATORYsingapur_MASLaunch of Public Consultation on MAS' Transition Planning Guidelines: Remarks by Ms...

Launch of Public Consultation on MAS’ Transition Planning Guidelines: Remarks by Ms Ho Hern Shin, Deputy Managing Director (Financial Supervision), Monetary Authority of Singapore

Today, we are delighted to announce the launch of a consultation on MAS’ Guidelines on Transition Planning. We are thrilled to witness the immense interest in this subject from individuals and organizations worldwide, representing various sectors of the financial ecosystem. The undeniable impacts of climate change are becoming increasingly evident. Recent extreme weather events have shattered records and emphasized the urgent need for action. As a result, financial institutions must proactively plan for the transition to a low-carbon economy. These guidelines aim to provide a framework for effective transition planning, enabling institutions to navigate the challenges and seize the opportunities presented by climate change.

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