---
title: "MAS Proposes Updated Guidelin… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/mas-proposes-updated-guidelines-on-operational-risk-management-for-financial-institutions-consultation-closes-april-20-2026
description: "Monetary Authority of Singapore (Mar 6, 2026) issued a Consultation Paper on Updated Guidelines on Operational Risk Management for financial institutions,…"
lang: en-US
---

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Friday, March 6, 2026regulation

# MAS Proposes Updated Guidelines on Operational Risk Management for Financial Institutions (Consultation Closes April 20, 2026)

Monetary Authority of Singapore (Mar 6, 2026) issued a Consultation Paper on Updated Guidelines on Operational Risk Management for financial institutions, aimed at strengthening ORM amid increasing digitalisation of financial services, reliance on third-party providers and elevated cyber threats. The Updated GORM builds on existing MAS expectations and incorporates key elements of BCBS guidance, superseding the 2013 Guidelines on Risk Management Practices — Operational Risk. Consultation closes April 20, 2026, and MAS proposes a six-month transition period after the Updated GORM is issued. FIs are expected to maintain an effective ORM framework covering timely identification, assessment, treatment, monitoring, review and reporting; a defined risk appetite; common taxonomy; and robust change-management processes. Direct read-out for SEA-based FI boards.

Sources

Monetary Authority of Singapore (MAS) (https://www.mas.gov.sg/publications/consultations/2026/consultation-paper-on-guidelines-on-operational-risk-management)

Topic: Governance Execution: https://lyoenandpartners.com/insights/topic/governance-execution
Region: Southeast Asia: https://lyoenandpartners.com/insights/region/sea

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