Singapore Establishes Cyber and Technology Resilience Expert Panel to Help Improve Resilience in Financial Sector

The Monetary Authority of Singapore (MAS) has announced the establishment of the Cyber and Technology Resilience Expert (CTREX) Panel, replacing the former Cyber Security Advisory Panel.

Established in 2017, Cyber Security Advisory Panel comprised leading cybersecurity experts who provide strategic advice to MAS and financial institutions in Singapore.

The newly established CTREX panel, on the other hand, expands its mandate to include technology resilience, as technology, along with cybersecurity, is a critical foundation for operational resilience in the financial sector.

The CTREX Group is comprised of 13 global industry thought leaders, experts and practitioners who focus on cybersecurity and technology resilience.

In mid-2025, CTREX will conduct the first meeting of the panel.

CTREX will advise the financial regulator of Singapore on the risks and threats posed to the financial sector by key emerging technologies, and recommend strategies and approaches to strengthen the country's financial sector technology and cyber resilience.

Chia Der Jiun, Managing Director of MAS, said, “As financial institutions become increasingly reliant on technology to deliver services, it is critical for them to be able to maintain technology resilience and manage cyber risks well. We look forward to tapping on the CTREX Panel to provide global perspectives to MAS and the industry on building these important capabilities, as we continue to forge ahead on our digitalisation journey.”