ONE MAS: INTEGRATED AND

COHESIVE

  • RISK MANAGEMENT AND BUSINESS CONTINUITY

RISK MANAGEMENT AND BUSINESS CONTINUITY

In 2014, the Risk Management Department (RiMD) continued efforts to promote and enhance the risk awareness of staff and foster a vigilant risk culture in MAS. There were also increased engagements and coordination with other government agencies as part of RiMD's ongoing work to enhance MAS' resilience and crisis preparedness.

In the cyber security space, MAS strengthened its cyber resilience, in light of the increased frequency of hacking and cyber incidents globally. In terms of pandemic preparedness, MAS closely monitored developments in the spread of Middle East respiratory syndrome coronavirus and Ebola, and aligned our pandemic measures with the recommendations given by relevant authorities.

MAS also continued to work with financial institutions to enhance their physical security, crime prevention and business resilience measures. The Financial District Security Programme was renamed the Financial Industry Security Programme (FISP) to better reflect the actual makeup of the Programme as its members come from across the financial sector, and whose operations in Singapore extend beyond the Central Business District. FISP also reviewed its vision and mandate to focus on three areas: physical security, business continuity management and crime intelligence sharing.