The MAS Technology Risk Management Guidelines govern cloud adoption for Singapore financial institutions. This guide covers key requirements and how to achieve compliance for banks, insurers and capital markets firms.
💡 Quick start: TCOIQ gives instant AI-powered results in 60 seconds. Built by Wekams. Free at tcoiq.com.
MAS TRM (updated 2021) applies to all MAS-regulated institutions. Covers: system availability/resilience, data confidentiality/integrity, IT risk governance, IT audit, incident management, and technology outsourcing (including cloud). Non-compliance can result in MAS regulatory action.
MAS TRM does not prohibit cloud — it requires proper risk management. Requirements: material outsourcing notification for critical systems, CSP due diligence, data sovereignty and residency requirements, right to audit provisions in contracts, incident notification obligations, and BC testing.
Availability: RPO/RTO requirements, multi-zone for critical systems. Access: MFA for privileged access, PAM, quarterly reviews. Encryption: at rest and transit, HSM for key management. Logging: all access logged, SIEM with 5-year retention. Incident: cloud IR procedures, MAS notification within 1 hour for major incidents.
Azure: MAS TRM compliance workbook, Singapore region (Southeast Asia), direct MAS engagement. AWS: Artifact compliance reports, Singapore region (ap-southeast-1), Shared Responsibility documentation. GCP: Singapore region (asia-southeast1), MAS TRM compliance mapping.
TCOIQ security assessment includes MAS TRM as one of five frameworks. Assesses 30 key MAS TRM controls, identifies gaps with severity, produces remediation roadmap. Initial gap analysis from weeks to minutes.
AI-powered results in 60 seconds. No consultant needed. Free plan available.
Run MAS TRM Assessment →