Singapore tech risk guidelines spark scramble for IT talent

Watchdog asks banks to demonstrate tech expertise among board and senior management

A push to bolster a stronger IT resilience culture among Singapore’s banks, following a number of recent high profile cyber breaches in the city state, could be stymied by the challenges of finding the right technology risk professionals to staff senior positions.

In March, the Monetary Authority of Singapore began consulting on proposed revisions to its technology risk management guidelines, which were issued in 2013. The proposals, due to be finalised by the end of the year, recommend a top