Regulation guide

MAS Technology Risk Management

Operationalize the MAS Technology Risk Management requirements—from regulatory obligations and evidence collection to vendor assessments, continuous monitoring, governance, and remediation workflows.

Overview

MAS Technology Risk Management Guidelines are a full technology risk framework. They are not only about outsourcing.

MAS expects financial institutions to manage technology risk as a core business risk. Technology systems support financial services, customer data, payments, trading, reporting, and operations.

Rather than prescribing identical controls for every relationship, the regulation emphasizes a risk-based approach, requiring organizations to apply governance, oversight, controls, monitoring, and due diligence according to the criticality and risk of each relationship.

This implementation guide explains what the regulation requires, how those requirements translate into operational controls and evidence, and how Halbarad helps organizations operationalize compliance through assessments, continuous monitoring, governance workflows, and supply chain risk intelligence.

Official Sources

Intent of the Guide

MAS expects financial institutions to manage technology risk as a core business risk. Technology systems support financial services, customer data, payments, trading, reporting, and operations. The institution needs governance, controls, monitoring, resilience, and incident response that match the importance of those systems.

Operationalization Requirements

  • Map critical systems, data, providers, users, access, and recovery requirements.
  • Maintain governance over technology risk, cyber security, change, and incident response.
  • Review cloud and technology providers for security, resilience, data, access, and subcontractor

risk.

  • Monitor incidents, outages, advisories, vulnerabilities, and provider changes.
  • Preserve evidence for control testing, remediation, and management reporting.

Evidence Requirements

  • Technology risk policies and control standards.
  • System, application, provider, and cloud inventories.
  • Access reviews, vulnerability evidence, patching, logging, backup, and recovery records.
  • Provider assurance evidence, incident records, and remediation.
  • Resilience and cyber testing evidence.

Common Gaps

  • Provider risk is not linked to system criticality.
  • Cloud services are not mapped to data and recovery needs.
  • Incidents do not trigger provider reassessment.
  • Evidence sits in technical tools but is not usable for governance reporting.

How Halbarad Helps

Halbarad helps connect technology providers to systems, data, owners, incidents, trust-center evidence, downstream providers, issues, and remediation. It supports technology risk evidence and monitoring.

Disclaimer

This guide is for general information only and is not legal advice. Review the official regulation, guidance, and supervisory materials, and consult qualified counsel or compliance advisors for your organization's specific obligations.