The Prudential Policy Department fosters a sound and dynamic financial sector in Singapore through prudential policy formulation.  The department develops capital and liquidity standards, including MAS’ approach on the implementation of Basel III as well as contributions to international policy forums.  It oversees MAS’ policies on housing loans and unsecured credit, concentration limits, and the deposit insurance and policy owners’ protection schemes. The department also reviews MAS’ policy on banking structures, and strengthens the regulatory frameworks for banks, merchant banks, finance companies, and financial holding companies.