The First AWS Regional Financial Services Guide Focuses on Singapore

To help Financial Services clients address Singapore’s regulations on financial institutions in a shared responsibility environment, AWS has published the AWS User Guide to Financial Services Regulations and Guidelines in Singapore. This first-ever AWS Financial Services guide is the culmination of the work AWS has done in the last year to help customers navigate the Monetary Authority of Singapore’s 2016 updated guidelines about cloud services.

This new guide examines Singaporean requirements and guidelines, providing information that will help you conduct due diligence on AWS with regard to IT security and risk management. The guide also shares leading practices to empower you to develop your own governance programs by using AWS.

The guide focuses on three top considerations for financial institutions operating in Singapore:

• Outsourcing guidelines – Conduct a self-assessment of AWS services and align your governance requirements within a shared responsibility model.
• Technology risk management – Take a deeper look at where shared responsibility exists for technology implementation and perform a self-assessment of AWS service responsibilities.
• Cloud computing implementation – Assess additional responsibilities to ensure security and compliance with local guidelines.

We will release additional AWS Financial Services resource guides this year to help you understand the requirements in other markets around the globe. These guides will be posted on the AWS Compliance Resources page.

If you have questions or comments about this new guide, submit them in the “Comments” section below.

– Jodi