The consultation paper proposes proportional application of expectations across the sector.
The Monetary Authority of Singapore (MAS) has released its March 2026 Consultation Paper, proposing guidelines to strengthen financial institutions’ oversight of third‑party risk management. With the guidelines, the regulator intends to replace existing outsourcing guidance The paper titled ‘Consultation Paper on Proposed Guidelines on Third-Party Risk Management’ stated that financial institutions (FIs) increasingly rely on external service providers for operational