MAS advances dual frameworks to overhaul corporate risk transfer and AI governance
With a new PCC framework for captive insurance and the launch of the SAFR AI governance toolkit, Singapore's regulator is moving aggressively to reinforce the city-state's financial infrastructure against emerging risks.
The Monetary Authority of Singapore (MAS) has launched two key initiatives to strengthen the city-state's financial infrastructure: a proposed legislative framework for alternative insurance risk transfer, and new industry guardrails for autonomous artificial intelligence (AI) agents in finance.
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