Exploring the Monetary Authority of Singapore's TPRM Guidelines | UpGuard

This blog outlines MAS’s Third-Party Risk Management (TPRM) guidelines for Singapore financial institutions, covering governance and oversight, risk identification and categorization, due diligence, and continuous monitoring; it explains alignment with broader MAS regulatory frameworks, the security and resilience benefits (e.g., stronger oversight, incident response, contractual controls, and risk mitigation), and concludes by promoting UpGuard’s Vendor Risk platform for automating questionnaires, ratings, assessments, and continuous vendor monitoring.