ISO 22000
International standard for food safety management systems
MAS TRM
Singapore guidelines for financial technology risk management
Quick Verdict
ISO 22000 ensures food safety via global FSMS certification for food chain firms, while MAS TRM mandates technology risk governance for Singapore FIs. Food companies adopt ISO 22000 for market access; banks use MAS TRM to avoid fines and ensure cyber resilience.
ISO 22000
ISO 22000:2018 Food safety management systems
Key Features
- High-Level Structure (HLS) for integrated management systems
- Dual PDCA cycles: organizational and operational levels
- HACCP principles integrated with full FSMS
- PRP, OPRP, CCP systematic categorization
- Interactive communication across food chain
MAS TRM
MAS Technology Risk Management Guidelines
Key Features
- Board and senior management accountability
- Proportional risk-based controls
- Third-party risk management integration
- Annual penetration testing for internet systems
- Defence-in-depth cyber resilience
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 22000 Details
What It Is
ISO 22000:2018 is an international certification standard for Food Safety Management Systems (FSMS). It applies to any organization in the food chain, providing a systematic framework to ensure safe food through hazard prevention, regulatory compliance, and chain communication. Built on a risk-based approach with HLS and dual PDCA cycles.
Key Components
- Clauses 4-10 cover context, leadership, planning, support, operation, evaluation, improvement.
- Core: PRPs, hazard analysis, CCPs/OPRPs, traceability, verification.
- Integrates Codex HACCP principles.
- Certifiable via accredited bodies.
Why Organizations Use It
- Meets customer/regulatory demands; enables market access.
- Reduces risks of recalls, contamination, liability.
- Builds trust, supports GFSI schemes like FSSC 22000.
- Drives efficiency, continual improvement.
Implementation Overview
Phased: gap analysis, PRPs/hazard plans, training, audits. Scalable for SMEs to multinationals in food chain. Requires 6-18 months, internal audits, certification audits every 3 years.
MAS TRM Details
What It Is
MAS Technology Risk Management (TRM) Guidelines (January 2021) are supervisory guidelines issued by Singapore's Monetary Authority of Singapore (MAS) for financial institutions. They provide a risk-based framework to govern and manage technology and cyber risks, emphasizing proportionality to FI complexity and risk profile. Scope covers governance, operations, cybersecurity, resilience, and third-party risks.
Key Components
- 15 core sections spanning governance, asset management, SDLC, ITSM, access controls, cryptography, cyber operations, testing, and audit.
- 12 synthesized principles like board accountability, secure-by-design, defence-in-depth.
- No fixed control count; focuses on outcomes for CIA triad.
- Compliance via supervisory review, no formal certification.
Why Organizations Use It
- Mandatory for MAS-regulated FIs to avoid fines, sanctions.
- Enhances resilience, reduces systemic risk.
- Builds trust, enables digital innovation securely.
- Aligns with NIST CSF, ISO 27001 for global ops.
Implementation Overview
- Phased: governance, inventory, risk assessment, controls, testing.
- Suits banks, insurers, fintechs in Singapore.
- Involves board approval, independent functions, metrics; audits for assurance. (178 words)
Key Differences
| Aspect | ISO 22000 | MAS TRM |
|---|---|---|
| Scope | Food safety management systems across food chain | Technology and cyber risks in financial services |
| Industry | Global food chain organizations, all sizes | Singapore financial institutions, regulated entities |
| Nature | Voluntary ISO certification standard | Supervisory guidelines with enforcement consideration |
| Testing | Internal audits, management reviews, verification | Penetration testing, vulnerability assessments, DR tests |
| Penalties | Loss of certification, market access restrictions | Fines, license revocation, executive prohibitions |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 22000 and MAS TRM
ISO 22000 FAQ
MAS TRM FAQ
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