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 ........................................ ............................ 9 Management of Third Party 10 Competency and Background Review.

Monetary Authority of Singapore 7 3 Technology Risk Governance and Oversight 3.1 Role of the Board of Directors and Senior Management 3.1.1 Technology is a key business enabler in the financial sector and FIs rely on technology to deliver financial services. It is vital that the FI’s board of directors and senior

  Management, Technology, Risks, Senior, Singapore, Monetary, Authority, Monetary authority of singapore, Technology risk management, Senior management