Singapore’s financial regulator has formed an international panel to tackle risks in cybersecurity and technology resilience.
The Monetary Authority of Singapore (MAS) has established a «Cyber and Technology Resilience Experts (CTREX) Panel», according to a statement. This will replace the «Cyber Security Advisory Panel» with an expanded mandate to cover technology resilience as well.
The panel, which will convene for an inaugural meeting in mid-2025, will advise on key emerging technology risks and threats facing the financial sector. It will also recommend strategies and measures to enhance the technology and cyber resilience of Singapore’s financial sector.
Industry Leaders
The CTREX Panel will include 13 leaders across the tech and financial sectors. Within the banking sector, this includes Ann Barron-DiCamillo, global head of cybersecurity operations at Citigroup; Monique Shivanandan, group chief data and analytics officer at HSBC; and Robert Wainwright, group chief information security officer at UBS.
«As financial institutions become increasingly reliant on technology to deliver services, it is critical for them to be able to maintain technology resilience and manage cyber risks well,» said MAS managing director Chia Der Jiun. «We look forward to tapping on the CTREX Panel to provide global perspectives to MAS and the industry on building these important capabilities, as we continue to forge ahead on our digitalization journey.»
