MAS TRM Consultation: Strengthening Technology Risk Management for Digital Assets (Members Only)
MAS TRM Consultation: Strengthening Technology Risk Management for Digital Assets
The Monetary Authority of Singapore has proposed amendments to its Notices on Technology Risk Management (TRM). For the digital asset industry, the relevant instrument is MAS Notice FSM-N13, which applies to designated payment systems and licensed digital payment token service providers.
Join the Digital Assets Association on 23 July 2026 for an industry discussion on DAA’s proposed additions to complement the existing TRM framework and address risks specific to digital asset operations.
The proposals focus on areas including cryptographic key management, transaction authorisation, access control, backup and recovery, transaction integrity and human-layer security. They are designed to be technology-neutral, vendor-neutral and outcome-based, while avoiding duplication of existing MAS requirements.
The discussion will also draw on real-world case studies involving major digital asset incidents, where losses arose from concentrated control, manipulated approval processes, excessive access rights and social-engineering attacks rather than failures of cryptographic algorithms.
The discussion will be led by Jag Foo, with support from panelists Chee Keong of EY and Aneirin Flynn of FailSafe.
Participants will be invited to share practical feedback before DAA finalises its submission to MAS.
The event is a closed door dialogue session for DAA members only.
Date: 23 July 2026
Time: 2-5PM
Venue: 80RR FinTech Hub SG