Issue 003: The Mangrove Newsletter

News & Expert Views, Reports, Insights, Thoughts, and Perspectives on Global Resilience and Business Continuity.

Welcome to Issue 003 of the Mangrove Newsletter! We hope you enjoy reading this as much as we enjoyed putting it together for you.

1. Resilience Updates (What we are reading):

Regulation:

• APAC:
• Australia: The Australian Prudential Regulation Authority (APRA) issued several prudential standards on operational resilience, encompassing business continuity, cyber security, and technology outsourcing.
  • The APRA is currently consulting on revisions to its framework, emphasising scenario testing and self-assessment practices (CPS230).
  • ASIC has developed the CONSULTATION PAPER 314 Market integrity rules for technological and operational resilience.
• Singapore: The Monetary Authority of Singapore (MAS) incorporated the BCBS principles into its supervisory framework.
  • These guidelines address business continuity, technology governance, incident management, and outsourcing arrangements.
• Hong Kong: The Hong Kong Monetary Authority (HKMA) adopted the BCBS principles and issued its "Guidance on Operational Resilience for Authorized Institutions."
  • The HKMA focuses on business continuity management, cyber security, outsourcing, and incident response.

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