Source Document
MAS TRM Guidelines
MAS.TRM.2021.Sec4.3.1.p13.OBL1
4 Technology Risk Management Framework > 4.3 Risk Assessment > 4.3.1
Obligation Summary
The FI should perform an analysis of the potential impact and consequences of the threats and vulnerabilities on the overall business and operations.
The FI should perform an analysis of the potential impact and consequences of the threats and vulnerabilities on the overall business and operations.
MAS TRM Guidelines, Section 4.3.1, p. 13 (2021) · Technology Risk Management Guidelines · p. 13
4.3 Risk Assessment
4.3.1 The FI should perform an analysis of the potential impact and consequences of the threats and vulnerabilities on the overall business and operations. The FI should take into consideration financial, operational, legal, reputational and regulatory factors in assessing technology risks.
4.3.2 To facilitate the prioritisation of technology risks, a set of criteria measuring and determining the likelihood and impact of the risk scenarios should be established.
What This Requires.
ProfytAI Regulatory Intelligence
Type: requirementThe FI should analyze the potential impact and consequences that identified threats and vulnerabilities could have on its overall business and operations.
Relationship
First of two expectations from paragraph 4.3.1; the companion obligation (OBL2) lists the factors the FI should take into consideration in the assessment.
Why This Exists
Impact analysis turns a raw list of threats into decision-ready information, showing which exposures actually matter to the business.
Implementation Considerations
Typically involves business impact analysis linked to the risk assessment process, engaging business owners to gauge operational consequences.
Interpretation Note · The analysis lens is 'overall business and operations', not just technical severity, so purely technical scoring without business context would fall short. As guidance, 'should' is a MAS expectation.
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