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CLIMATE CHANGE

MAS to drill deeper into climate risks for stress test on banks

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Mr Menon says: "Covid-19 has sensitised the world to how vulnerable we all are to the forces of nature."

Singapore

THE Monetary Authority of Singapore (MAS) will, within the next two years, incorporate climate-related scenarios in the annual stress test for the financial industry, said its managing director Ravi Menon.

The regulator's deeper dive into threats to the financial sector...

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