04 Jul '16, 9am

Singapore monetary authority plans cloud computing policy

Lim Hng Kiang, Singapore minister for trade and industry and MAS deputy chairman made the announcement at a banking industry dinner last week. "MAS recognises cloud services can offer various benefits such as scalability and advanced functionalities, and is amenable to banks leveraging on cloud services to fulfil their business and operational needs," the minister said. "MAS expects banks to ensure that their risk management measures are commensurate with the nature, scope and complexity of the cloud deployment models that they adopt." In his speech Lim Hng Kiang said that the new guidance on cloud use would update existing guidance on outsourcing that MAS produced in 2004. The guidelines will place "a greater emphasis on safeguarding customer information" and also put "a greater focus on FIs’ outsourcing risk management framework", he said. "MAS views seriously the respon...

Full article: http://www.out-law.com/en/articles/2016/july/singapore-mo...

Tweets

A New Sheriff In Town: The Monetary Authority o...

jdsupra.com 06 Jul '16, 6pm

On 13 June 2016, the Monetary Authority of Singapore (“MAS ”) announced that it will create dedicated Anti-Money Launderin...

旧タンジョンパガー駅一般公開(入場無料) 日時:7月6日(水・祝) 9時~19時 会場:Tan...

sla.gov.sg 04 Jul '16, 10am

The iconic Tanjong Pagar Railway Station (TPRS) will open its doors to the public for Hari Raya Puasa on 6 July 2016 (Wedn...

OpenSRS: ICANN’s new transfer policy will impac...

opensrs.com 04 Jul '16, 1pm

, formerly known as “Inter-Registrar Transfer Policy” or IRTP. Up until now, this policy only covered domain transfers bet...

MAS looking to clarify use of cloud technology by banks

MAS looking to clarify use of cloud technology ...

businesstimes.com.sg 30 Jun '16, 2am

THE Monetary Authority of Singapore (MAS) is looking to come up with a new policy for cloud computing, following feedback ...

Building authority announces new safety regulations for escalators and lifts

Building authority announces new safety regulat...

straitstimes.com 08 Jul '16, 4am

SINGAPORE - Under new rules to improve safety, escalators here will have to be maintained at least once a month, and their...

Singapore bank moves closer to the cloud with O...

computerweekly.com 12 Jul '16, 11pm

Singapore’s DBS bank is piloting Microsoft’s Office 365 with about 1,000 employees, making it the first Singapore bank to ...