In addition, as the threat of terrorism, flu pandemic and market upheavals constantly loom, MAS and the financial sector need to prepare ourselves for all situations. To this end, MAS has developed an integrated set of crisi
s management plans to enhance our resilience to major operational disruptions and financial crises. Going forward, MAS would implement a three to five year business continuity programme to enhance the robustness and resilience of Singapore’s financial system.
As speed and flexibility in communication is crucial during a crisis, we developed an electronic crisis management dashboard to enhance internal communication and coordination. The MASNET secure website can also be used to share financial and business continuity related information with financial institutions in a confidential and secure environment.
To enhance our crisis management readiness, MAS extended the coverage for wireless network connectivity within its premises to work around the restrictions of a wired cable infrastructure. We upgraded our network to increase bandwidth as staff are likely to be working from home during a major crisis. MAS also implemented a thin client solution for corporate IT services to give staff access to these services from any workstation during a crisis.