Guidelines on Risk Management Practices – Technology Risk
Risk management principles and best practice standards to guide financial institutions in managing technology risk.
Notices
Notice 1114 Technology Risk Management
Requirements on technology risk management for merchant banks.
Issued pursuant to:
Monetary Authority of Singapore Act (Cap. 186) section 28(3)
This notice applies to all merchant banks in Singapore. It sets out requirements for a high level of reliability, availability and recoverability of critical IT systems and for merchant banks to implement IT controls to protect customer information from unauthorised access or disclosure.
See also:
Amendment Notes
- 01 Jul 2014
- MAS Notice 1114 dated 21 June 2013 takes effect.