International Engagements

MAS contributed to global financial stability and development of sound and robust financial standards through its active engagements at meetings of key international organisations and standard setting bodies

Ongoing

These included the International Monetary Fund (IMF), the Bank for International Settlements (BIS), the Financial Stability Board (FSB), as well as the steering committees and technical working groups of global standard-setting bodies such as the Basel Committee of Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO), the International Association of Insurance Supervisors (IAIS) and the Financial Action Task Force (FATF).

For example, MAS chaired the FSB Working Group on Cyber Incident Response and Recovery (CIRR), which published a toolkit of 49 effective practices for financial institutions to respond and recover from cyber incidents.