Source Document
MAS TRM Guidelines
MAS.TRM.2021.Sec3.1.5.p7.OBL1
3 Technology Risk Governance and Oversight > 3.1 Role of the Board of Directors and Senior Management > 3.1.5
Obligation Summary
The board of directors and senior management should ensure key IT decisions are made in accordance with the FI's risk appetite.
The board of directors and senior management should ensure key IT decisions are made in accordance with the FI’s risk appetite.
MAS TRM Guidelines, Section 3.1.5, p. 7 (2021) · Technology Risk Management Guidelines · p. 7
3.1.4 The board of directors and senior management should ensure a technology risk management strategy is established and implemented.
3.1.5 The board of directors and senior management should ensure key IT decisions are made in accordance with the FI’s risk appetite.
3.1.6 Given that technology underpins many of the operations and services offered by an FI, the board of directors and senior management should set the tone from the top and cultivate a strong culture of technology risk awareness and management at all levels of staff within the FI.
What This Requires.
ProfytAI Regulatory Intelligence
Type: requirementThe board of directors and senior management should ensure key IT decisions are made in accordance with the FI's risk appetite.
Relationship
This is a standalone provision under Section 3.1.5.p7 (Technology Risk Governance And Oversight): it states a complete duty in its own sentence rather than implementing a broader governing clause.
Why This Exists
Aligning significant IT decisions to the approved risk appetite keeps technology choices within the level of risk the organization has consciously accepted, preventing material commitments from bypassing governance.
Implementation Considerations
Typically implemented by defining which IT decisions qualify as key, embedding risk appetite checks into their approval workflows, and documenting how each decision was assessed against appetite.
Interpretation Note · 'Key IT decisions' is not defined in the extracted text, so the FI must judge which decisions are significant enough to require alignment with risk appetite. TRM is guidance; 'should' is a MAS expectation, not a binding notice provision.
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