Guidelines
Guidelines on Risk Management Practices – Technology Risk
Risk management principles and best practice standards to guide financial institutions in managing technology risk.
Applies to:
Approved CIS Trustee
,
Dealing in Capital Market Products
,
Product Financing
,
Providing Custodial Services
,
Licensed Fund Management Company
,
Registered Fund Management Company
,
Venture Capital Fund Management Company
,
Corporate Finance Advisory
,
REIT Management
,
Credit Rating Agency
,
Securities Crowdfunding
,
Licensed Trust Company
,
Direct Insurer (Life)
,
Direct Insurer (General)
,
Direct Insurer (Composite)
,
Reinsurer (Life)
,
Reinsurer (General)
,
Reinsurer (Composite)
,
Captive Insurer
,
Lloyd's Asia Scheme
,
Financial Holding Company (Insurance)
The guidelines set out risk management principles and best practice standards to guide financial institutions in the following:
- Establishing a sound and robust technology risk management framework.
- Strengthening system security, reliability, resiliency, and recoverability.
- Deploying strong authentication to protect customer data, transactions and systems.
Resources:
Related to this Item
-
GuidelinesPublished Date: 19 July 2017
Guidance on Insurers' Own Risk and Solvency Assessments
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.
-
FAQsPublished Date: 14 December 2016
FAQs on Two-Factor Authentication for Online Trading Platforms
Provides guidance to financial institutions operating online trading platforms on the use of Two-factor authentication to protect online customer accounts against unauthorised access
-
NoticesLast Revised Date: 07 December 2015
Notice 126 Enterprise Risk Management (“ERM”) for Insurers
Enterprise risk management (ERM) requirements and guidelines for licensed insurers.
-
NoticesLast Revised Date: 06 March 2014
Notice CMG-N02 Technology Risk Management
Requirements on technology risk management for capital markets entities.
-
NoticesLast Revised Date: 21 June 2013
Notice 127 Technology Risk Management
Requirements on technology risk management for insurers.
-
NoticesLast Revised Date: 21 June 2013
Notice TCA-N05 Technology Risk Management
Requirements on technology risk management for trust companies.
-
GuidelinesPublished Date: 01 November 2012
Guidelines on Risk Management Practices for Insurance Business - Insurance Fraud Risk
Guidelines on risk management practices to mitigate insurance fraud risk.