Monetary Authority of Singapore Annual Report 2011/2012
Our Work

RISK MANAGEMENT AND AUDIT CAPABILITIES

Enterprise Risk Management Framework

We continued to enhance our enterprise risk management framework by further integrating existing risk management processes and ensuring greater consistency in risk identification and assessment across the organisation. Our operational risk management policy was revised to provide greater guidance on the assessment and reporting of operational risk events. We also streamlined our information security policies to provide greater clarity to staff on measures to safeguard classified information. To increase staff’s IT security awareness, MAS participated in the annual “IDA Security Awareness Survey”, which assesses agencies’ staff on their IT security competency.