Regulatory Alerts2024-11-29
Added · Updated
Supervisory Policy Manual Module TM-C-1: Supervisory Approach on Cyber Risk Management
The Monetary Authority of Singapore issued Supervisory Policy Manual Module TM-C-1 to establish a supervisory approach on cyber risk management for all authorized institutions. This policy updates the regulatory framework by superseding previous cybersecurity circulars and aligning with the Cybersecurity Fortification Initiative. It mandates that financial institutions implement robust governance and risk management practices to address evolving cyber threats.
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