The concept of risk, unlike that of danger and uncertainty, implies a domain for decision making about the future and a corresponding allocation of responsibility for the that decision
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 …
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