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Singapore MAS Technology Risk Management Guidelines - Technology Risk Management for Banks

MAS Technology Risk Management Guidelines (revised 2023) imposes technology risk management requirements on banks in Singapore, including board and senior…

What Singapore MAS Technology Risk Management Guidelines - Technology Risk Management for Banks requires

MAS Technology Risk Management Guidelines (revised 2023) imposes technology risk management requirements on banks in Singapore, including board and senior management accountability, IT audit, incident reporting, and outsourcing risk management. Banks must notify MAS within 1 hour of a technology or cyber incident that has a significant impact on services or customer data, and submit a formal incident report within 14 days.

Pillar: Banking & Global Finance · Authority: Monetary Authority of Singapore (MAS) · Version: 1.0.1 · Last updated:

Primary source: https://www.mas.gov.sg/regulation/guidelines/technology-risk-management-guidelines

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