Asian watchdog steps up business continuity pressure


SINGAPORE -- Financial institutions operating in Singapore should test their disaster recovery arrangements at least once a year, according to draft business continuity guidelines issued by regulators in January. The Monetary Authority of Singapore (MAS), the island state’s chief financial watchdog, said in a consultation paper on the guidelines that all components of a company’s business process, including the infrastructure provided at recovery sites, should be thoroughly tested.

MAS, which

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