The Monetary Authority of Singapore (MAS) announced today the establishment of a Cyber and Technology Resilience Experts (CTREX) Panel.
The Panel replaces MAS’ Cyber Security Advisory Panel, with an expanded mandate to “cover technology resilience which, together with cybersecurity, significantly underpins the operational resilience of the financial sector.”
The Panel will advise MAS “on key emerging technology risks and threats facing the financial sector, and recommend strategies and measures to enhance the technology and cyber resilience of Singapore’s financial sector.”
The Panel comprising 13 global industry thought leaders, experts and practitioners in “both cybersecurity and technology resilience will convene for the inaugural meeting in mid-2025.”
Mr Chia Der Jiun, Managing Director of MAS, said:
“As financial institutions become increasingly reliant on technology to deliver services, it is critical for them to be able to maintain technology resilience and manage cyber risks well. We look forward to tapping on the CTREX Panel to provide global perspectives to MAS and the industry on building these important capabilities, as we continue to forge ahead on our digitalisation journey.”
MAS is at the forefront of Singapore’s rapidly growing financial industry, creating new policies and initiatives that address the ever-changing landscape.
Work at MAS promises not only “challenges worthy of your intellectual abilities, but also the personal satisfaction that comes from building one of Asia’s premier financial hubs.”
They invite you to take up the challenge and make a difference to Singapore’s economic and financial development.
At MAS, they place a great emphasis “on developing a vibrant and conducive work environment that motivates each and every employee to make a meaningful contribution to the organisation.”
Their people recognize the importance of “upholding values to achieve more together.”
MAS’ Functions:
- To act as the central bank of Singapore, including the conduct of monetary policy, the issuance of currency, the oversight of payment systems and serving as banker to and financial agent of the Government
- To conduct integrated supervision of financial services and financial stability surveillance
- To manage the official foreign reserves of Singapore
- To develop Singapore as an international financial centre
