July 2013

Car Rental is more promising than ever

When capturing and storing technology are so cheap, it is tempting for Gov to store everything. In this case, car plate images. I guess car rental business has another marketing theme to explore! Soon we will see computer rental and mobile phone rental. When trust is gone, people are willing to try extreme measures. There

Car Rental is more promising than ever Read More »

VCPs technical analysis on the MAS Technology Risk Management guidelines.

Since Singapore MAS released the TRM guideline last month, I believe many people are studying them (including me). Big Four accounting firms are usually most active in publishing explanatory reports and article with a purpose to generate more business leads. However, a group of Vmware certified professionals are taking the lead this time. They worked

VCPs technical analysis on the MAS Technology Risk Management guidelines. Read More »

The essence of …

The essence of the new risk management is to produce the governance and regulation of unknowable uncertainties via a distinctive kind of organizational proceduralization which prioritizes the auditability of process. Power, Michael. Organized Uncertainty : Designing a World of Risk Management. Oxford, GBR: Oxford University Press, UK, 2007. p 199.

The essence of … Read More »

Singapore MAS Tech Risk Guideline (TRM) – Incident Reporting-SLA

Last post discussed the complication when running multiple bank applications on the same computing platform and need to decided when to report “a relevant incident” within one hour upon discovery. This part will discuss on how this requirement going to affect Services Level Agreements in Singapore banking IT operations. Before this MAS notice come into

Singapore MAS Tech Risk Guideline (TRM) – Incident Reporting-SLA Read More »

Singapore MAS Tech Risk Guideline (TRM) – Incident Reporting

When attending a PWC Singapore meeting on new MAS guideline, there are many questions in my head regarding how the 1 hour incident reporting requirement could be fulfilled. The requirement requires banks operating in Singapore to report to MAS within one hour when relevant incident ( security breaches and malfunction) is discovered. There are a

Singapore MAS Tech Risk Guideline (TRM) – Incident Reporting Read More »