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MAS proposes guidelines to manage environmental risk

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Published Thu, Jun 25, 2020 · 09:50 PM

    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.

    Boards and senior management of financial institutions (FIs) are also expected to incorporate environmental considerations into their strategies, business plans and product offerings, said MAS.

    Monetary Authority of SingaporeSingapore banks

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