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BANKING ON THE CLOUD

Banks welcome MAS guidelines on cloud computing

But MAS warns that institutions are ultimately responsible for maintaining oversight of cloud services and managing the risks of using them

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Banks in Singapore and cloud-computing services providers on Wednesday welcomed the new guidelines on outsourcing risk-management for financial institutions (FIs) issued by the Monetary Authority of Singapore (MAS) earlier in the day.

Singapore

BANKS in Singapore and cloud-computing services providers on Wednesday welcomed the new guidelines on outsourcing risk-management for financial institutions (FIs) issued by the Monetary Authority of Singapore (MAS) earlier in the day.

The guidelines, drawn up from

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