The Monetary Authority of Singapore (MAS) central banking function promotes monetary stability as well as credit and exchange policies for the Singapore government. As a financial regulator, MAS provides prudential oversight of all financial institutions in Singapore – including ensuring financial and operational resilience against risks.
In July 2016, MAS delivered guidelines on outsourcing third-party arrangements. MAS expanded their outsourcing guidance in October 2018, and again in August 2022 with the publication of an information paper, Operational Risk Management – Management of Outsourcing and Third Party Arrangements.
Download the Monetary Authority of Singapore (MAS) Compliance Checklist to identify key MAS provisions that govern outsourcing and non-outsourcing arrangements, and learn how the Prevalent Third-Party Risk Management Platform can be used to address MAS requirements.