Singapore financial services: new resources for customer side of the shared responsibility model

Based on customer feedback, we’ve updated our AWS User Guide to Financial Services Regulations and Guidelines in Singapore whitepaper, as well as our AWS Monetary Authority of Singapore Technology Risk Management Guidelines (MAS TRM Guidelines) Workbook, which is available for download via AWS Artifact. Both resources now include considerations and best practices for the customer portion of the AWS Shared Responsibility Model.

The whitepaper provides considerations for financial institutions as they assess their responsibilities when using AWS services with regard to the MAS Outsourcing Guidelines, MAS TRM Guidelines, and Association of Banks in Singapore (ABS) Cloud Computing Implementation Guide.

The MAS TRM Workbook provides best practices for the customer portion of the AWS Shared Responsibility Model—that is, guidance on how you can manage security in the AWS Cloud. The guidance and best practices are sourced from the AWS Well-Architected Framework.

The Well-Architected Framework helps you understand the pros and cons of decisions you make while building systems on AWS. By using the Framework, you will learn architectural best practices for designing and operating reliable, secure, efficient, and cost-effective systems in the cloud. It provides a way for you to consistently measure your architectures against best practices and identify areas for improvement. The process for reviewing an architecture is a constructive conversation about architectural decisions, and is not an audit mechanism. We believe that having well-architected systems greatly increases the likelihood of business success. For more information, see the AWS Well-Architected homepage.

The compliance controls provided by the workbook also continue to address the AWS side of the Shared Responsibility Model (security of the AWS Cloud).

View the updated whitepaper here, or download the updated AWS MAS TRM Guidelines Workbook via AWS Artifact.

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Darran Boyd

Darran is a Principal Security Solutions Architect at AWS, responsible for helping remove security blockers for our customers and accelerating their journey to the AWS Cloud. Darran’s focus and passion is to deliver strategic security initiatives that un-lock and enable our customers at scale across the financial services industry and beyond… Cx0 to <code>