The Monetary Authority of Singapore (MAS) is seeking feedback on proposed updates to its Guidelines on Operational Risk Management. These updated guidelines aim to elaborate on MAS's supervisory expectations for effective operational risk management practices within financial institutions. The consultation paper, designated Consultation Number P003-2026, details the proposed revisions and is available for review.

Financial institutions operating in Singapore are encouraged to review the proposed updated guidelines and submit their feedback by the closing date of April 20, 2026. This consultation represents an opportunity for regulated entities to influence the final guidance on operational risk management, ensuring alignment with evolving industry practices and regulatory expectations. Failure to engage may result in adherence to revised, potentially more stringent, operational risk management requirements without prior input.