Singapore MAS on Global Outage of Microsoft & CrowdStrike Affecting IT Systems in Singapore: SGD Money Market & Foreign Exchange Market Functioned Normally on 19th July 2024, Financial Institutions Reported No or Limited Impact to Customers & Key Operations, Some Experienced Disruptions to Internal-Facing Systems, Access to Singapore Exchange Post-Trade System was Disrupted Temporarily
25th July 2024 | Hong Kong
Monetary Authority of Singapore (MAS) on global outage of Microsoft & CrowdStrike affecting IT systems in Singapore – SGD money market & foreign exchange market functioned normally on 19th July 2024, financial institutions reported no or limited impact to customers & key operations, some experienced disruptions to internal-facing systems, access to Singapore Exchange (SGX) post-trade system was disrupted temporarily. Outage is a period when a service, such as electricity, is not available. Singapore MAS (19/7/24): “The Monetary Authority of Singapore (MAS) is aware of a global outage affecting the IT systems of organisations around the world, including Singapore. The Singapore Dollar (SGD) money market and foreign exchange market functioned normally today. MAS asked major financial institutions to report the impact of the outage. They reported no or limited impact to customers and their key operations. Some experienced disruptions to internal-facing 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 not affected. MAS’ systems, including MAS Electronic Payment System (MEPS+), the real time gross settlement system for SGD payments, have not been affected. As a precautionary measure, MAS extended the operating hours of MEPS+ by two hours to 9pm, to ensure smooth settlement of SGD payments by MEPS+ participants. MAS continues to monitor the situation closely.”
“ Singapore MAS on Global Outage of Microsoft & CrowdStrike Affecting IT Systems in Singapore: SGD Money Market & Foreign Exchange Market Functioned Normally on 19th July 2024, Financial Institutions Reported No or Limited Impact to Customers & Key Operations, Some Experienced Disruptions to Internal-Facing Systems, Access to Singapore Exchange Post-Trade System was Disrupted Temporarily “
Singapore MAS on Global Outage of Microsoft & CrowdStrike Affecting IT Systems in Singapore: SGD Money Market & Foreign Exchange Market Functioned Normally on 19th July 2024, Financial Institutions Reported No or Limited Impact to Customers & Key Operations, Some Experienced Disruptions to Internal-Facing Systems, Access to Singapore Exchange Post-Trade System was Disrupted Temporarily
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