Regulatory compliance and reporting needs to be viewed as a natural extension of the governance duties shouldered by top management and corporate boards. Only good governance can ensure that compliance is aligned with the company’s business objectives and risk management strategies — and is thereby adding real value (and not just cost) to the organisation. Ultimately, the goal is to ensure that the spirit of compliance — as well as the letter of the law — is embraced in every corner of the enterprise.
PwC’s Global Compliance Survey 2025 reveals how organisations can reinvent compliance to navigate complexity, build trust, and take risk intelligently to speed up - and stay in the race.
This newsletter focuses on providing you with an update on key regulatory changes in the financial services industry in Singapore, including banks, insurers, asset managers and other regulated entities. We hope this summary will help you to keep abreast of these emerging themes, and we welcome any opportunity to discuss these with you.
For all organisations engaged in activities that come under the control of a regulator, PwC provides advice and assurance to help you identify, manage, and control any existing and future regulatory risks.
Our Regulation and Compliance team can help clients at the strategic level — by maximising any competitive advantages from regulation through to the operational level. We work with you to minimise costs and disruptions to your business, freeing up management time in the process.
The IAC Guidelines set by the MAS presents an outcome-based approach to facilitate implementation proportionate to the context of specific FIs. The five specific outcomes are focused on the measures FIs should put in place to promote the individual accountability of senior managers (“SMs”), strengthen oversight over...
The Payment Services Act (PS Act) was passed by Parliament on 14 January 2019 to provide the licensing and regulation of payment services providers, oversight of payment systems and any related matters. The PS Act is targeted to commence in January of 2020.
Since the release of the consultation paper on Proposed Guidelines on Individual Accountability and Conduct (“IAC Guidelines”) on 26 April 2018, the MAS has issued its response to the industry on 6 June 2019 together with a further consultation paper(“CP”) to extend the scope of the IAC Guidelines to apply to all...
In the private banking industry, pricing and disclosure practices have typically focused on whether firms were fulfilling their regulatory obligations in respect of pre-trade and post-trade monetary benefit disclosures.
