Tag: Financial services

Much Ado About Financial Services and Compliance

Last September my colleague Alex Tay tackled the state of cybersecurity in Singapore and reasons for critical information infrastructure (CIIs) sectors to comply with the recent mandates from the Cyber Security Agency (CSA). As one of the 11 CIIs covered under Singapore’s cybersecurity bill, the banking and finance sector isn’t exempt to the new regulatory mandates for compliance—in fact, the Monetary Authority of Singapore (MAS) recently tightened cybersecurity rules to further protect their IT systems. How will the financial sector cope with compliance considering today’s ever-evolving guidelines, rules, and its various interpretations?