Regulatory Alerts2021-01-18
Added
Guidelines on Risk Management Practices – Technology Risk
The Monetary Authority of Singapore issued these guidelines to establish risk management principles and best practices for financial institutions. The document requires institutions to implement sound technology risk governance, oversight, and IT and cyber resilience measures. It serves as a primary reference for maintaining robust operational security and managing technology-related risks within the financial sector.
The guidelines set out risk management principles and best practices to guide financial institutions to establish sound and robust technology risk governance and oversight, as well as maintain IT and cyber resilience.
Resources:
Response to Public Feedback for Consultation Paper - TRM Guidelines (728.4 KB)
Annexes to Response to Public Feedback for Consultation Paper - TRM Guidelines (1.61 MB)
Instructions on Incident Notification and Reporting to MAS
FAQs – Notice on TRM
Response to Public Feedback for Consultation Paper – Notice on TRM (481.8 KB)
Provides guidance to financial institutions operating online trading and investment platforms on the use of Two-factor authentication to protect online customer accounts against unauthorised access.
When to report suspicious activities and incidents of fraud.
This notice was cancelled with effect from 10 May 2024.
This notice was cancelled with effect from 10 May 2024.
This notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
This Notice was cancelled with effect from 10 May 2024.
Requirements and guidelines on enterprise risk management for designated financial holding companies that have a subsidiary that is a licensed insurer incorporated, formed or established in Singapore (“DFHC (Licensed Insurer”)).
Guidelines on sound practices in carrying out insurance business and principles relating to risk management framework.
Guidelines on risk management practices to mitigate insurance fraud risk.
Enterprise risk management (ERM) requirements and guidelines for licensed insurers.
Information paper outlining MAS' key observations from a review of the industry’s Own Risk and Solvency Assessment (ORSA) reports, with the aim of guiding insurers towards improving their respective ORSAs.