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About RSM 

RSM Singapore is the largest professional services firm outside the Big Four in Singapore. RSM is the sixth largest professional services network globally. We provide assurance, tax, advisory, as well as business support services, focusing on helping growing businesses to improve profits, enhance business value and internationalise.

We also support international businesses with their Asian set up in matters relating to corporate compliance and governance, payroll, accounting, staffing, as well as technology consulting and managed services.

RSM Singapore is a Service Provider on the EDB Connections Concierge. The EDB Connections Concierge is an online service that helps new businesses and tech companies set-up in Singapore through EDB's curated network of service providers. 

Countries

We have firms in 120 countries and are in each of the top 40 major business centres throughout the world

People

We have combined staff of over 64,000

Offices

We have over 820 offices across the Americas, Europe, MENA, Africa and Asia Pacific

MAS BCM

The BCM Guidelines contains a set of sound principles that FIs are encouraged to adopt, commensurate with the nature, size, risk profile and complexity of its business operations. FIs are responsible for establishing policies, plans and procedures to ensure that their critical business services and functions can be promptly resumed following a disruption.

The MAS also requires financial institutions to conduct an independent audit of their business continuity plans every three years, with the first audit due by June 6, 2024.

What is Expected of Financial Institutions?

Under the revised guidelines, FIs are expected to conduct the following activities:

  • Identify their critical business services;
  • Adopt a service-centric approach for the timely recovery of these critical services facing customers;
  • Establish a service recovery time, and mitigate concentration risks;
  • Enhance threat monitoring and environmental scanning;
  • Regularly test their BCM framework; and
  • Participate in industry and cross-sector exercises organized by government agencies and industry associations (if relevant).

How Can RSM Help?

  • RSM Technology Consulting team helps financial institutions and non financial institutions with the following:
  • Understanding the business risk through Business Impact Assessment;
  • Advising on the Recovery Time Objective (RTO) and Recovery Point Objective (RPO);
  • Solicit solutions to meet the RTO and RPO requirements; and
  • Testing & maintenance of the business continuity plan.

In line with MAS revised BCM guidelines, RSM can help with:

Contact Us

If you need help planning your Business Continuity Management (BCM), feel free to reach out to us.

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