127 views
From MAS website. Apart from cropping, no other edits were made.

MAS “closely monitoring” global IT outage

Major banks reported little to no impact to customers and key operations.

Singapore’s central bank is “monitoring closely” the global outage that resulted from a software update rolled out by Crowdstrike.

In a press statement, the Monetary Authority of Singapore (MAS) said that major financial institutions in Singapore reported none to limited impact to customers and their key operations.

“Some experienced disruptions to internal-facing systems used by staff but in all cases, critical systems were unaffected. Access to SGX’s post trade system was temporarily disrupted, but other critical trading and clearing services were not affected,” MAS said in a press release released on 19 July.

MAS’ systems, including MAS Electronic Payment System (MEPS+), the real time gross 
settlement system for SGD payments, have not been affected as of press time. 

As a precautionary measure, MAS extended the operating hours of MEPS+ by two hours to 9PM on 19 July.

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Content on ABF
The text to display in the title bar of a visitor's web browser when they view this page. 
Lorem Ipsum
Contrary to popular belief, Lorem Ipsum is not simply random text.