CCM Addendum - Mapping of ABS Cloud Computing Implementation Guide 2.0 to CCM
Arun VIVEK, Head of Cloud & Container Security – Cyber Security Services, Standard Chartered Bank
About this talk
The financial services industry is one of the most critical sectors in any market, and financial institutions (FIs) face myriad regulations. In the case of Singapore FIs, for example, the Banking Act oversees banking institutions, the Securities and Futures Act governs capital market intermediaries, and the Insurance Act regulates insurers. Additionally, there are numerous guidelines, frameworks, and best practices recommended for FIs designed to improve operations, enhance governance, and reduce risks, among other goals. For example, the Monetary Authority of Singapore issued the Technology and Risk Management (TRM) Guidelines to help FIs minimize technology usage risk. While challenging, it is imperative that conscientious FIs routinely review these available regulations, guidelines, frameworks, and best practices. These FIs should comply with mandatory regulations and carefully analyze which best practices and recommendations to adopt to reduce overall risk exposure and keep up with industry progress.
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