20 participants join forum on cloud resilience

Singapore. On 4 April, MAS held the first Financial Sector Cloud Resilience Forum which gathered Cloud Service Providers and financial regulators from the Asia Pacific Region.

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During the forum, participants shared their perspectives on the proper public cloud risk management practices for various financial institutions.

The main points that were discussed during the event include increasing adoption of public cloud services by FIs, critical information sharing between CSPs and financial regulators, and CSP-assisted FI clients to maintain best standards.

The forum was headed by MAS assistant managing director for technology Vincent Loy. According to MAS, the forum will be held twice every year.

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