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MAS updates business continuity guidelines for industry in bid to reduce disruption

The Edge Singapore
The Edge Singapore6/6/2022 05:30 PM GMT+08  • 2 min read
MAS updates business continuity guidelines for industry in bid to reduce disruption
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The Monetary Authority of Singapore (MAS) has issued revised guidelines on business continuity management (BCM) for financial institutions (FIs), in a bid to reduce service disruptions from IT outages, pandemic outbreaks, cyber-attacks and physical threats.

According to MAS, the revisions take into account learnings from the handling of the Covid-19 pandemic and increased digitalisation in the financial sector.

The BCM guidelines were first issued back in June 2003, amid the Sars pandemic. The guidelines had been revised continuously since then.

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