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exercise demonstrates the commitment of MAS, BdF and ACPR to sharpen our
collective response to major cyber attacks targeted at financial institutions operating
on a cross border basis, through effective information sharing protocols. Such close
cooperation improves our ability to maintain operational resilience and stability in the
global financial system.”
Nathalie Aufauvre, Director General for Operations and Financial Stability, BdF,
said, “The BdF's experience in cyber crisis management was very valuable for
preparing this joint exercise with MAS, which fully confirmed the ability of our
authorities to exchange and share information efficiently in times of crisis. Cyber-risk
being cross-border by nature, the conduct of international crisis exercises is essential
to increase our level of readiness and collective cyber-resilience, especially in this
period of heightened cyber-threats. The exercise also illustrates the diversity of our
joint MAS-BdF cooperation after the opening of BdF’s office for Asia-Pacific in
Singapore in 2020.”.
Bertrand Peyret, Deputy Secretary General, ACPR, said, “Cooperation with
MAS enables us to share best practices on how to address the growing number of
cyber threats facing financial systems. It is also a reminder of the need for supervisory
authorities and central banks, on top of processes and protocols required from
financial institutions, to have processes and protocols in place to deal with these
threats, including on a cross-border basis.”.
https://www.mas.gov.sg/news/media-releases/2022/joint-exercise-by-mas-bdf-and-acp
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