On 4 September 2026, the Monetary Authority of Singapore (MAS) published its response to feedback (Response) received on its 14 October 2025 consultation paper regarding its proposed changes to the requirements on banks’ transactions with related parties, currently set out in MAS Notices 643, 643A and 656. MAS had consulted on proposals to enhance oversight of related party transactions, address conflict of interest risks, and align with international best practices including the updated Basel Core Principles for Effective Banking Supervision.
In this update, our Co-Head of Financial Services Regulatory Elaine Chan, and Partners Tian Sion Yoong and Chan Jia Hui, highlight the key points set out in the Response.
To view the update, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Elaine CHAN
Co-Head – Financial Services Regulatory
d +65 6416 8010
e elaine.chan@wongpartnership.com
Click here to view Elaine’s CV.
TIAN Sion Yoong
Partner – Financial Services Regulatory
d +65 6416 2488
e sionyoong.tian@wongpartnership.com
Click here to view Sion Yoong’s CV.
CHAN Jia Hui
Partner – Financial Services Regulatory
d +65 6416 2794
e jiahui.chan@wongpartnership.com
Click here to view Jia Hui’s CV.