Ensuring Banks' IT Infrastructure to Prevent Service Disruptions

Debated in Parliament on 7 Nov 2023.

Summary written by AI (learn more)

Zhulkarnain Abdul Rahim asked the Prime Minister how MAS will ensure banks' IT infrastructure has fail-safe and redundancy measures to handle surges in demand, following recent DBS and Citibank disruptions linked to data centre failures.
Lawrence Wong, responding for the Prime Minister, stated that the question had already been answered in a previous parliamentary reply regarding banking service disruptions.
He directed reference to the Official Report of 06 November 2023, which covers costs, lessons, and further safeguards from recent digital banking service disruptions.

Questions identified by AI (learn more)

Full Transcript

Zhulkarnain Abdul Rahim

Mr Zhulkarnain Abdul Rahim asked the Prime Minister in view that the recent disruptions of DBS and Citibank digital banking and payment services were reportedly caused by data centre failure, how does MAS plan to ensure that the banks’ IT infrastructure which is critical to banking operations have fail-safe and redundancy measures to meet with any surge in demand.

Lawrence Wong (for the Prime Minister)

This question has been answered in my reply to the Parliamentary Questions related to banking services disruption filed for yesterday's Sitting. [Please refer to "Costs, Lessons and Further Safeguards Arising from Recent Disruptions to Digital Banking Services", Official Report, 06 November 2023, Vol 95, Issue 115, Oral Answers to Questions section.]

Summary written by AI (learn more)

Zhulkarnain Abdul Rahim asked the Prime Minister how MAS will ensure banks' IT infrastructure has fail-safe and redundancy measures to handle surges in demand, following recent DBS and Citibank disruptions linked to data centre failures.
Lawrence Wong, responding for the Prime Minister, stated that the question had already been answered in a previous parliamentary reply regarding banking service disruptions.
He directed reference to the Official Report of 06 November 2023, which covers costs, lessons, and further safeguards from recent digital banking service disruptions.

Questions identified by AI (learn more)

Ensuring Banks' IT Infrastructure to Prevent Service Disruptions | PAPERCUTS

Ensuring Banks' IT Infrastructure to Prevent Service Disruptions

Debated in Parliament on 7 Nov 2023.

Summary written by AI (learn more)

Zhulkarnain Abdul Rahim asked the Prime Minister how MAS will ensure banks' IT infrastructure has fail-safe and redundancy measures to handle surges in demand, following recent DBS and Citibank disruptions linked to data centre failures.
Lawrence Wong, responding for the Prime Minister, stated that the question had already been answered in a previous parliamentary reply regarding banking service disruptions.
He directed reference to the Official Report of 06 November 2023, which covers costs, lessons, and further safeguards from recent digital banking service disruptions.

Questions identified by AI (learn more)

Full Transcript

Zhulkarnain Abdul Rahim

Lawrence Wong (for the Prime Minister)

Summary written by AI (learn more)

Zhulkarnain Abdul Rahim asked the Prime Minister how MAS will ensure banks' IT infrastructure has fail-safe and redundancy measures to handle surges in demand, following recent DBS and Citibank disruptions linked to data centre failures.
Lawrence Wong, responding for the Prime Minister, stated that the question had already been answered in a previous parliamentary reply regarding banking service disruptions.
He directed reference to the Official Report of 06 November 2023, which covers costs, lessons, and further safeguards from recent digital banking service disruptions.

Questions identified by AI (learn more)

Ensuring Banks' IT Infrastructure to Prevent Service Disruptions

Summary

Questions Identified

Full Transcript

Zhulkarnain Abdul Rahim

Lawrence Wong (for the Prime Minister)

Summary

Questions Identified

Ensuring Banks' IT Infrastructure to Prevent Service Disruptions

Summary

Questions Identified

Full Transcript

Zhulkarnain Abdul Rahim

Lawrence Wong (for the Prime Minister)

Summary

Questions Identified