The Inspection and Supervisory Methodologies Department (IMD) comprises three Inspection Divisions, the Supervisory Methodologies, Tools & Analytics Division (SMTA) and the SupTech Surveillance and Analytics Division (SSA). The Inspection Divisions conduct on-site inspections of financial institutions to assess the adequacy of financial institutions’ governance and management oversight, risk management frameworks, internal controls and processes. SMTA develops and enhances supervisory methodologies and analytical tools necessary for MAS’ supervision and assessment of financial institutions. These include frameworks on risk and impact assessment, and culture and conduct supervision. SMTA also monitors developments and trends in the financial sector. SSA enhances supervisory surveillance through the application of technology and data analytics. Collectively, IMD works closely with the various supervisory departments to strengthen supervisory effectiveness.