MAS individual accountability and conduct regime solution
Our MAS individual accountability and conduct regime solution makes compliance simple. With our user-friendly RegTech software, you can enable your financial institution to meet the Individual Accountability and Conduct Guidelines (IACG).
What is IACG?
Get up to speed with IACG with our quick guide. Discover:
- Key IACG dates
- The purpose and aims of IACG
- Who must comply and how to prepare
Why use accountability and conduct software?
Our award-winning accountability and conduct software has been specifically designed to support financial institutions, so that you’re prepared to meet the MAS guidelines and evidence your compliance.
The MAS expect to see greater levels of accountability and a focus on creating positive culture. Senior Managers will need to lead the way with responsible and ethical practices, and failure to do so could be costly. IACG may be termed ‘guidelines’, but in reality they are anything but. The MAS issued regulatory fines for misconduct before IACG was introduced. Now, it is likely that consequences will be even firmer.
Using accountability and conduct software helps FIs to manage their accountability, avoid fines, and prevent damage to their reputation.
Ensure effective compliance
Lower the risk of MAS fines, provide stakeholders with critical insights into compliance activities and deliver FI-wide transparency
Keep regulators informed
Easily evidence that you have met the IACG outcomes and satisfied the requirements and expectations of the MAS
Assign ownership to compliance activities and track everything from one centralised system which provides an audit trail for accountability
Secure and efficient record keeping
Maintain all accountability records and ensure everything is kept up to date with complete version control and live change monitoring
“We are able to show proper, auditable processes to the Regulators, which lessens any kind of regulatory risk or fine and mitigates the risk of PR issues”
Head of HR Service Delivery,
An international banking and asset management group
Strengthen individual accountability
Define and maintain the senior manager’s responsibilities and what employees can expect from them. Record and track these activities to ensure proper conduct is adhered to.
Assess and evidence competency
Perform competency assessments to ensure key personnel are fit and proper to carry out their roles, maintain certification records and track any renewals required.