Technology Risk Management Guidelines

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Monetary Authority of Singapore 1 Technology Risk Management Guidelines January 2021 Technology RISK Management Guidelines JANUARY 2021 Monetary Authority of Singapore 2 Contents 1 Preface ........................................ ........................................ ................................ 5 2 Application of the MAS Technology Risk Management Guidelines ........................ 6 3 Technology Risk Governance and Oversight ........................................ .................. 7 Role of the Board of Directors and Senior 7 Policies, Standards and Procedures ........................................ ............................. 9 Management of Information Assets.

are made in accordance with the FI’s risk appetite. 3.1.6 Given that technology underpins many of the operations and services offered by an FI, the board of directors and senior management should set the tone from the top and cultivate a strong culture of technology risk awareness and management at all levels of staff within the FI. 1

  Management, Technology, Risks, Appetite, Risk appetite, Technology risk management