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MAS Statement on Global Outage Affecting IT Systems – FF News
THE Monetary Authority of Singapore (MAS) is aware of a global outage that is affecting IT systems of organizations around the world, including Singapore.
The Singapore dollar (SGD) money market and foreign exchange market operated normally.
MAS asked major financial institutions to report the impact of the disruption. They reported little or no impact to clients and their key operations. Some reported disruptions to internal systems used by staff, but in all cases critical systems were unaffected. Access to SGX’s post-trade system was temporarily disrupted, but other critical trading and clearing services were unaffected.
MAS systems, including MAS Electronic Payment System (MEPS+), the real-time gross settlement system for SGD payments, were not affected. As a precautionary measure, MAS extended the opening hours of MEPS+ by two hours to 21:00 to ensure smooth settlement of SGD payments by MEPS+ participants.
MAS continues to closely monitor the situation.