Singapore - User guide to financial services regulations & guidelines
This guide describes the respective roles that the customer and AWS each play in managing and securing the cloud environment.
The Monetary Authority of Singapore (MAS) Guidelines on Outsourcing for financial institutions (FIs) acknowledges that FIs can leverage cloud services to enhance their operations and reap the benefit of the scale, standardization, and security of the cloud. The MAS Guidelines on Outsourcing instruct FIs to perform due diligence and apply sound governance and risk management practices to their use of cloud services.
This guide:
- Describes the respective roles that the customer and AWS each play in managing and securing the cloud environment;
- Provides an overview of the regulatory requirements and guidance that financial institutions can consider when using AWS; and
- Provides additional resources that financial institutions can use to help them design and architect their AWS environment to be secure and meet regulatory expectations.