Monetary Authority of Singapore Technology Risk Management Guidelines
Chapter 8: IT Resilience – Monetary Authority of Singapore Technology Risk Management Guidelines

Monetary Authority of Singapore Technology Risk Management Guidelines 8.3: 8.3 Testing of Disaster Recovery Plan

The FI should test its disaster recovery plan regularly to confirm systems meet recovery objectives, with business and IT stakeholders taking part; test plans should state objectives, scope, scenarios, scripts, recovery procedures and success criteria; tests should cover plausible disruption scenarios including full and partial loss of the primary site and major system failures, and recovery dependencies between assets including those managed by third parties; and where service providers manage information assets, the FI should assess their DR capability, ensure arrangements are established, tested and verified, and test coordinated recovery steps with them.

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