Risk management principles and best practice standards to guide financial institutions in managing technology risk.
Notice 1114 Technology Risk Management
Requirements on technology risk management for merchant banks.
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.
- 01 Jul 2014
- MAS Notice 1114 dated 21 June 2013 takes effect.