of Monetary Authority of Singapore (MAS) A major Singapore financial institution reported minimal to no disruption to customer services and core operations following a global IT systems outage.
MAS had asked these agencies to report the impact of the outages.
The Microsoft and CrowdStrike outages, which began in the early hours of July 19, affected internal systems across multiple sectors, including finance, healthcare and logistics, raising concerns about business continuity and cybersecurity.
Although some agencies faced internal system issues, critical functions were not affected.
MAS systems, including the MAS Electronic Payment System+ (MEPS+), which manages real-time gross settlement of Singapore dollar payments, were also unaffected.
As a precautionary measure, MAS has extended MEPS+ operating hours by two hours to 9pm to ensure smooth payment settlement.
Singapore dollar (SGD) money markets and foreign exchange markets continued to operate normally.
SGX’s post-trade systems were temporarily disrupted, but other critical trading and settlement services were not affected.
MAS said it was closely monitoring the situation to respond to further developments.
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