MAS loosens requirements for “material outsourcing arrangements”, introduces cloud computing guidelines

28 July 2016 | 2 minutes read

The Monetary Authority of Singapore (MAS) has loosened rules to speed up financial institutions’ (FI) outsourcing arrangements and, for the first time, issued cloud computing guidelines. According to the watchdog, FIs are no longer expected to “pre-notify [the regulator] of material outsourcing arrangements”, a definition that includes middle and back office operations, document processing, investment management and others. In a…

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