The Monetary Authority of Singapore (“MAS”) has recently published a circular to guide Financial Institutions (“FIs”) on managing technology and cyber risks arising from third-party service providers (“TPSPs”), especially in the light of recent ransomware incidents involving TPSPs like Toppan Next Tech and DataPost.

On 25th June 2025, the Monetary Authority of Singapore (“MAS”) published a circular to guide Financial Institutions (“FIs”) in strengthening their IT disaster recovery (“DR”) capabilities, emphasizing operational resilience to minimize service disruptions. This article summarises the essence of MAS recommendations derived from past incident reviews. 

On 26th June 2025, the Monetary Authority of Singapore (“MAS”) published a circular, providing insights on the governance and management in relation to Variable Capital Companies (“VCCs”).