Incident Reporting Template

The Monetary Authority of Singapore, MAS, has published a new template for the reporting of incidents, including cyber attacks, IT incidents, or information loss, that are considered material to the safety, soundness, or reputation of a financial market participant.
The template applies to a large range of financial players, including banks, insurance companies, fund management companies, financial advisors, and many others and must be submitted to MAS within 5 working days upon the discovery of such incidents.
The template includes various data fields that need to be filled out to provide detailed information about the incident, such as the date of occurrence, the duration, the type of incident, the loss suffered from the incident, the impact of the incident on a firm’s operations, or the measures a firm has taken to mitigate an incident.