MAS wants financial firms to be quantum-ready by 2034
Proposal says institutions should create plans for critical systems by 2027 and migrate them by 2030
Singapore’s central bank has proposed that financial institutions make their critical systems resilient to the threats of quantum computing by 2030 and do the same for all remaining systems by 2034.
The Monetary Authority of Singapore (MAS) published its proposal today (November 6) and said it would take suggestions on the document until November 23. Under the proposal, financial institutions would be expected to develop a quantum-safe migration plan by the end of 2027 and complete upgrades of
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