MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
ENTERPRISE: Our Role
BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT
DEVELOPMENTS IN THE SINGAPORE SECURITIES MARKET
FOSTERING A SOUND & REPUTABLE FINANCIAL CENTRE
RISK MANAGEMENT & INFRASTRUCTURE
GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE
CURRENCY
ORGANISATIONAL INITIATIVES
RISK MANAGEMENT & INFRASTUCTURE 32
Strengthening Risk Management Framework 32
Business Continuity and Crisis Management 32
Crisis Management Exercises 33
Thematic Inspections on Business Continuity Management 33
Preparedness of Staff and Tenants for Emergency Situations 33
 

Crisis Management Exercises
MAS conducted various crisis management exercises to test our decision-making, communication an d coordination processes.

The Mobilisation Exercise is a regular exercise to familiarise staff and key personnel with evacuation, activation & notification, transportation and recovery procedures. It also allows MAS to validate its infrastructure setup at alternate locations.

The Flu Pandemic Exercise was a ground deployment exercise to validate MAS’ operational response plans for flu pandemic and to test MAS’ infrastructure capabilities during a pandemic outbreak. The exercise simulated the onset of a flu pandemic in Singapore and its escalation from Ministry of Health’s Disease Outbreak Response System Condition alert level from Green to Black. An issue-based Table-Top Exercise, with the objective of stress-testing MAS’ Flu Pandemic plan, will be organised in the later part of the year.



Crisis management exercise in progress.


The Management of Distressed Financial Institutions Exercise was a simulation exercise aimed to strengthen our ability to manage financial institutions facing financial distress. In the simulation where several large financial institutions were experiencing financial difficulties, MAS officers exercised their respective roles and responsibilities for managing the unfolding events.