TECHNOLOGY RISK MANAGEMENT GUIDELINES

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Monetary Authority of Singapore TECHNOLOGY RISK MANAGEMENT GUIDELINES JUNE 2013 TECHNOLOGY RISK MANAGEMENT GUIDELINES JUNE 2013 MONETARY AUTHORITY OF SINGAPORE 2 TABLE OF CONTENTS 1 INTRODUCTION ........................................ ........................................ ................................. 4 2 APPLICABILITY OF THE 5 3 OVERSIGHT OF TECHNOLOGY risks BY BOARD OF DIRECTORS AND SENIOR MANAGEMENT ........................................ ........................................ .................................. 6 Roles and Responsibilities ........................................ ........................................ ....... 6 IT Policies, Standards and Procedures ........................................ ............................ 6 People Selection Process.

TECHNOLOGY RISK MANAGEMENT GUIDELINES JUNE 2013 MONETARY AUTHORITY OF SINGAPORE 6 3 OVERSIGHT OF TECHNOLOGY RISKS BY BOARD OF DIRECTORS AND SENIOR MANAGEMENT 3.0.1 IT is a core function of many FIs. When critical systems fail and customers

  Management, Technology, Risks, Technology risk management