Further MAS Consultation on FI Business Continuity Resilience

The Monetary Authority of Singapore has issued a second consultation on proposed revisions to its Guidelines on Business Continuity Management aimed at encouraging financial institutions to take an end-to-end view to ensure the continuous delivery of critical business services, and introduce principles and practices that financial institutions can implement to strengthen operational resilience. The second consultation includes revisions to address feedback received from the first consultation published in 2019 and incorporates key learnings from the COVID-19 pandemic. The consultation paper is here. 

The consultation ends on 15 November 2021.