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MAS proposes guidelines to manage environmental risk

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Where environmental risk is deemed material to a bank, the bank should designate a member of senior management or a committee to oversee environmental risk, says MAS.

Singapore

BUSINESSES which do not manage their environmental risk adequately could find themselves facing higher borrowing costs or limits on their loans down the road, if the proposed guidelines released by the Monetary Authority of Singapore (MAS) on Thursday are implemented.

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