Determining Security Factors for Digital Infrastructure in the Financial and Banking Sector: Singapore's Approach

E. Gorian
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Abstract

The object of the study is the relations in the field of ensuring the security of digital infrastructures in the financial and banking sector. The subject of the study is represented by regulatory legal acts and sources of "soft law" of Singapore, which establish requirements for information systems, personal and confidential data. The features of the Singapore approach to the regulation of relations in this area are determined. The requirements of the Monetary Authority of Singapore for the security of digital infrastructures in both the public and private sectors are considered. The features of ensuring the security of key components of digital infrastructures are characterized: digital identity; authorization and consent; functional compatibility of payment systems and data exchange. The role of the financial regulator in ensuring the security of digital infrastructures is investigated. Singapore has identified a holistic approach to the development of regulatory policy as the main security factors of the digital infrastructure of the financial and banking sector, as well as the determining role of the financial regulator in the creation of digital infrastructure. The technical side is just one of the elements of the digital infrastructure: it is necessary to balance regulatory, technical and business standards. The key components of the digital infrastructure allocated by the Monetary Authority of Singapore determine the level of security of the production processes of financial institutions. Attention should be focused on building the trust of the end user. The protection of the digital infrastructure of financial institutions from threats increases the degree of confidence in these institutions on the part of investors. Therefore, Singapore's financial institutions have a high investment attractiveness.
确定金融和银行业数字基础设施的安全因素:新加坡的做法
该研究的目的是确保金融和银行业数字基础设施安全领域的关系。研究的主题是新加坡的监管法律行为和“软法”的来源,这些法律规定了对信息系统、个人和机密数据的要求。确定了新加坡在这一领域调节关系的方法的特点。考虑了新加坡金融管理局对公共和私营部门数字基础设施安全的要求。确保数字基础设施关键组件安全的特征表现为:数字身份;授权和同意;支付系统和数据交换的功能兼容性。研究了金融监管机构在确保数字基础设施安全方面的作用。新加坡已经确定了制定监管政策的整体方法,将其作为金融和银行业数字基础设施的主要安全因素,以及金融监管机构在创建数字基础设施方面的决定性作用。技术方面只是数字基础设施的要素之一:有必要平衡监管、技术和业务标准。由新加坡金融管理局分配的数字基础设施的关键组成部分决定了金融机构生产过程的安全水平。应该把注意力集中在建立最终用户的信任上。保护金融机构的数字基础设施免受威胁,增加了投资者对这些机构的信心程度。因此,新加坡的金融机构具有很高的投资吸引力。
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